the rennie review - January 2023

vancouvereast TOWNHOME-DECEMBER 202

SALESTO LISTINGSRATIO 16% BALANCEDM ARKET

▶ MARKETSUMMARY Therewere81 townhom elistingsin VancouverEastin D ecem ber,13% below N ovem berand 59% higherthan D ecem ber2021. D ecem bertownhom esalesdecreased by13% m onth-over-m onth,to13,and were66% below D ecem ber2021. Thesales-to-listing ratio fortow nhom esin Vancouver East,at16% ,reflected abalanced m arket. Thetownhom em edian pricein D ecem berwas $1,085,000,a3% increasefrom N ovem berand 8% above D ecem ber2021. Theaveragesold pricewas$1,144,946,8% abovelast m onth;theaveragePSF salepricewas$1,007,up 28% to lastm onth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 18% VS2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 11% VS2021

▲ 8% VS2021

▲ 59% VS2021

▼ 66% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

13 81

38 51

18% 11% 8% -78% -66% 59%

15 93

28% 8% 3% -0.5% -13% -13%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$1,007 $1,144,946 $1,085,000 16%

$853 $1,029,963 $1,000,700 75%

$785 $1,063,359 $1,050,000 16%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2021 ● DEC 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

94

93

88

99

96

95

81

76

74

59

51

44

43

41

38

34

31

33

20

30

15

25

24

9

13

14

$1.27M

$1.18M $1.20M $1.20M $1.15M $1.17M

$1.08M

$1.05M $1.05M $1.09M

$1.00M

$958K $950K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

20

4+bdrms

11

15

5

3bdrms

46

10

33%

8

5

2bdrms

20% 22%

14%

18

13%

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2bdrms

S-LRATIO SALES INVENTORY

8 1 13%

20 4 20%

18 4 22%

21 3 14%

11 0 n/a

3 1 33%

6

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