the rennie review - September 2022

vancouverwest DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 9% BUYERS'M ARKET

▶ MARKETSUMMARY Therewere657 detached listingsin VancouverW estin August,-1.2% below Julyand 10% lowerthan August 2021. Augustdetached hom esalesincreased by21% m onth-over-m onth,to57,and were22% below August 2021. Thesales-to-listing ratio fordetached in VancouverW est, at9% ,reflected abuyers'm arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 12% VS 2021

▼ 8% VS 2021

▼ 10% VS 2021

▼ 22% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No. 7% 47 665

% Change

TOTALLISTINGS TOTALSALES

9% 57 657

$3,812,533 $3,300,888 10% 73 727

-12% -8% -14% -22% -10%

-11% -12% 23% 21% -1.2%

Thedetachedm edian pricein Augustwas$3,050,000,a 12% decreasefrom Julyand 8% below August2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$3,364,745,11% below last m onth and down 12% toAugust2021.

$3,801,515 $3,460,000

$3,364,745 $3,050,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

709

701

727

675

736

626

657

675

665

2.36

602

2.25

2.22

544

530

507

1.89

1.79

1.52

123

109

102

100

84

69

47

73

57

93

83

78

65

$3.67M $3.55M

$3.66M $3.52M $3.77M

$3.54M $3.44M $3.46M

$3.30M $3.14M $3.20M

$3.21M

$3.05M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

600

500

400

62%

300

50%

200

15%

100

5%

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

0 1 n/a

4 2 50%

21 13 62%

72 11 15%

560 30 5%

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