the rennie review - September 2022

vancouverdowntown CONDO -AUGUST 202

SALES TO LISTINGSRATIO 17% BALANCEDMARKET

▶ MARKETSUMMARY Therewere811 condolistingsin VancouverD owntown in August,8% below Julyand 1.1% lowerthan August 2021. Augustcondosalesdecreased by7% m onth-over-m onth, to140,and were40% below August2021.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 6% VS 2021

▲ 4% VS 2021

▼ 1.1% VS 2021

▼ 40% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 28% 233 820

% Change

No. 17% 151 879

% Change

Thesales-to-listing ratio forcondosin Vancouver D owntown,at17%,reflected abalanced m arket.

TOTALLISTINGS TOTALSALES

17% 140 811

-39% -40% -1.1%

-7% -8%

Thecondom edian pricein Augustwas$778,000,a3% decreasefrom Julyand 4% aboveAugust2021. Theaveragesold pricewas$945,531,15% below last m onth;theaveragePSF salepricewas$1,119,down 4% tolastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

-4% -15% -3% 0.5%

$1,119 $945,531 $778,000

$1,170 $1,107,439 $805,000

$1,175 $1,009,652 $750,000

-5% -6% 4%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

879

927

907

899

783

887

820

81

744

826

663

610 61

321

287

277

238

233

250

216

21

140

185

178

180 151

$834K $845K $849K $851K

$800K $777K $805K $778K

$785K $764K $791K

$750K $732K

VANCOUVERDOWN. REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

200

4+ bdrms

14

150

6

3 bdrms

110

100

43% 41%

31%

53

25%

2 bdrms

50

18% 17%

405

5% 3%

0

81

<$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

14 6 43%

59 24 41%

144 45 31%

110 27 25%

72 13 18%

72 12 17%

114 6 5%

226 7 3%

282

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