the rennie review - September 2022

vancouverwest TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 17% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 7% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 7% VS 2021

▼ 13% VS 2021

▲ 11% VS 2021

▼ 62% VS 2021

Therewere156 townhom elistingsin VancouverW estin August,8% below Julyand 11% higherthan August2021. Augusttownhom esalesincreased by30% m onth-over-m onth,to26,and were62% below August 2021. Thesales-to-listing ratio fortow nhom esin Vancouver W est,at17% ,reflected abalanced m arket. Thetownhom em edian pricein Augustwas$1,290,000,a 16% decreasefrom Julyand 13% below August2021. Theaveragesold pricewas$1,398,792,8% below last m onth;theaveragePSF salepricewas$1,099,up 4% to lastm onth.

THISMONTH No. $1,099 $1,398,792 $1,290,000 17% 26 156

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,031 $1,497,282 $1,488,000 49% 69 141

-13% -66% -62% 11%

$1,056 $1,523,240 $1,540,000 12% 20 169

4% -8% -16% 41% 30% -8%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

7% -7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

169

177

150

170

169

156

137

141

145

142

139

19

13

69

54

51

49

49

45

44

48

46

39

26

35

20

$1.72M

$1.61M

$1.56M $1.63M

$1.54M

$1.49M $1.41M $1.44M

$1.51M

$1.48M $1.52M

$1.35M

$1.29M

VANCOUVERW EST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

70

1

100%

60

4+ bdrms

17

50

8

40

60%

3 bdrms

82

30

33%

20

15

2 bdrms

19%

50

10

11%

7%

0

2

<$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

2 2 100%

9 3 33%

10 6 60%

27 5 19%

66 7 11%

7%

7

42 3

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