the rennie review - September 2022

greatervancouverboard area CONDO -AUGUST 202

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 7% VS 2021

▲ 7% VS 2021

▼ 5% VS 2021

▼ 38% VS 2021

Therewere3,969 condolistingsin theG reater Vancouverboard areain August,7% below Julyand 5% lowerthan August2021. Augustcondosalesdecreased by5% m onth-over-m onth, to1,006,and were38% below August2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at25% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

1,006 3,969

1,632 4,166

-35% -38% -5%

1,063 4,269

-5% -7%

Thecondom edian pricein Augustwas$690,000,a0.4% decreasefrom Julyand 7% aboveAugust2021. Theaveragesold pricewas$789,861,0.9% below last m onth;theaveragePSF salepricewas$917,up 0.2% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$917 $789,861 $690,000 25%

$875 $739,437 $645,000 39%

$915 $796,893 $693,000 25%

0.2% -0.9% -0.4% 1.8%

5% 7% 7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

4,397

4,136

4,166

4,332 4,269

3,969

3,838 3,412

3,684

3,227

2,856

2,313

2,546

1,863

2,396

1,808 1,827

1,604

1,632

1,692

1,630

1,464

1,315

1,326

1,006

1,063

$735K $717K $698K $693K $690K

$725K $735K $740K

$645K $655K $655K $668K $680K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

1200

41 3

1000

4+ bdrms

800

62

3 bdrms

600

503

46%

43%

400

33%

517

22%

2 bdrms

17%

2,201

200

13%

6% 6%

0

424

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

<2 bdrms

S-L RATIO SALES INVENTORY

107 46 43%

615 284 46%

1,110 363 33%

792 172 22%

381 63 17%

287 36 13%

311 20 6%

366 22 6%

1,224

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