the rennie review - January 2023

vancouverregion TOWNHOME-DECEMBER 202

SALESTO LISTINGSRATIO 22% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,520 townhom elistingsin theVancouver Region in D ecem ber,22% below N ovem berand 159% higherthan D ecem ber2021. D ecem bertownhom esalesdecreased by18% m onth-over-m onth,to338,and were57% below D ecem ber2021. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at22% ,reflected aselers'm arket. Thetownhom em edian pricein D ecem berwas$837,500, a3% decreasefrom N ovem berand 7% below D ecem ber 2021. Theaveragesold pricewas$927,450,0.3% abovelast m onth;theaveragePSF salepricewas$630,up 1.6% to lastm onth.

AVERAGEPRICE

AVERAGE PSFPRICE ▼ 4% VS2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 3% VS2021

▼ 7% VS2021

▲ 159% VS2021

▼ 57% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 782 588

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

22% 338 1,520

-83% -57% 159%

21% 412 1,944

1.6% 0.3% -3% 5% -18% -22%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$656 $957,614 $900,000 133%

$630 $927,450 $837,500

$620 $924,306 $860,000

-4% -3% -7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2021 ● DEC 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

2,182

2,447

2,437

2,109

2,375

1,944

2,207

2,005

1,679

1,250

1,227

1,520

770

766

588 782

91

895

565

514

801

574

338

474

459

412

$990K $1.02M $1.00M

$983K $925K $915K

$900K

$894K $850K $850K $870K $860K $838K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

500

59

4+bdrms

400

339

300

185

3bdrms

818

49%

200

31%

90

21% 22%

2bdrms

100

15%

331

10%

9%

5%

0

4

<$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

44 2 5%

80 39 49%

331 102 31%

458 96 21%

255 56 22%

152 23 15%

126 13 10%

9%

32

74 7

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