the rennie review - September 2022

vancouvereast DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 11% BUYERS'M ARKET

▶ MARKETSUMMARY Therewere516 detached listingsin VancouverEastin August,5% below Julyand 1.6% higherthan August 2021. Augustdetached hom esalesincreased by9% m onth-over-m onth,to59,and were42% below August 2021. Thesales-to-listing ratio fordetached in VancouverEast, at11% ,reflected abuyers'm arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.5% VS 2021

▼ 1.8% VS 2021

▲ 1.6% VS 2021

▼ 42% VS 2021

THISMONTH No. $1,875,847 $1,768,000 11% 59 516

PREVIOUSYEAR

PREVIOUSMONTH

No. 20% 101 508

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

1.5% -1.8% -42% -42% 1.6%

$1,886,038 $1,790,000 10% 54 545

-0.5% -1.2% 15% 9% -5%

Thedetachedm edian pricein Augustwas$1,768,000,a 1.2% decreasefrom Julyand 1.8% below August2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,875,847,0.5% below last m onth and up 1.5% toAugust2021.

$1,848,022 $1,800,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

531

565

516

480

545

508

454

1.84

485

409

390

1.731.73 1.72 1.52

422

1.56

332

317

176

135

136

126

94

75

101

16

10

94

59

65

54

$2.09M $2.07M $1.94M $2.10M $2.17M

$1.86M $1.79M $1.77M

$1.80M $1.75M $1.85M $1.88M $1.85M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

100%

150

100

50

21%

20%

8%

4%

3%

0

<$600K

$600-799K

$800-999K

$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M

$2.0M -2.49M

$2.5M -2.99M

$3M+

S-L RATIO SALES INVENTORY

1 0 n/a

1 1 100%

34 7 21%

171 34 20%

133 11 8%

99 4 4%

77 2 3%

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