the rennie review - September 2022

vancouvereast TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 23% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 6% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 7% VS 2021

▼ 8% VS 2021

▲ 2% VS 2021

▼ 26% VS 2021

Therewere88 townhom elistingsin VancouverEastin August,8% below Julyand 2% higherthan August2021. Augusttownhom esalesdecreased by20% m onth-over-m onth,to20,and were26% below August 2021. Thesales-to-listing ratio fortow nhom esin Vancouver East,at23% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$958,450,a 18% decreasefrom Julyand 8% below August2021. Theaveragesold pricewas$984,124,18% below last m onth;theaveragePSF salepricewas$736,down 17% tolastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

20 88

27 86

-28% -26% 2%

25 96

-17% -18% -18% -13% -20% -8%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$736 $984,124 $958,450 23%

$780 $1,059,389 $1,037,500 31%

$890 $1,204,608 $1,174,900 26%

-6% -7% -8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

99

99

83

95 96

88

86

88

74

59

48

44

44

43

41

51

34

31

42

38

33

30

27

20

25

24

$1.27M

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

$1.15M

$1.08M

$1.07M $1.00M

$1.04M $978K

$958K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

25

2

100% 100%+

4+ bdrms

7

20

13

15

3 bdrms

47

10

36%

5

2 bdrms

5

31

13%

10% 10%

0

<$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

1 1 100%

1 4 400%

25 9 36%

21 2 10%

20 2 10%

16 2 13%

4 0 n/a

3

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