the rennie review - September 2022

vancouvereast CONDO -AUGUST 202

SALES TO LISTINGSRATIO 24% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.6% VS 2021

▲ 3% VS 2021

▼ 4% VS 2021

▼ 43% VS 2021

Therewere368 condolistingsin VancouverEastin August,7% below Julyand 4% lowerthan August2021. Augustcondosalesdecreased by12% m onth-over-m onth,to89,and were43% below August 2021. Thesales-to-listing ratio forcondosin VancouverEast,at 24% ,reflected aselers'm arket. Thecondom edian pricein Augustwas$616,000,a10% decreasefrom Julyand 3% aboveAugust2021. Theaveragesold pricewas$674,664,5% below last m onth;theaveragePSF salepricewas$932,down 0.1% tolastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 40% 155 384

% Change

No. 26% 101 394

% Change

TOTALLISTINGS TOTALSALES

$932 $674,664 $616,000 24% 89 368

5% 1.6% 3% -40% -43% -4%

-0.1% -5% -10% -6% -12% -7%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$933 $708,372 $685,000

$887 $664,326 $600,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

421

399

394

384

351

368

392

319

368

355

240 328

275

247

178

174

170

191

155

178

154

144

142

139

89

101

$690K $709K $680K $686K $670K $680K $685K

$662K $642K $617K

$616K

$600K $645K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

120

4+ bdrms

100

3

86%

80

4

3 bdrms

60

37

46%

40

36

26%

2 bdrms

14%

170

14%

20

7% 7%

0

49

<$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

7 6 86%

74 34 46%

117 30 26%

102 14 14%

30 2 7%

15 1 7%

14 2 14%

9 0 n/a

158

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