the rennie review - September 2022

vancouverregion DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 13% BALANCEDMARKET

▶ MARKETSUMMARY Therewere6,952 detached listingsin theVancouver Region in August,6% below Julyand 26% higherthan August2021. Augustdetached hom esalesincreased by1.6% m onth-over-m onth,to890,and were50% below August 2021. Thesales-to-listing ratio fordetached in the Vancouver Region,at13% ,reflected abalanced m arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 2% VS 2021

▲ 3% VS 2021

▲ 26% VS 2021

▼ 50% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

13% 890 6,952

1,788 5,531

-60% -50% 26%

12% 876 7,369

-4% -4% 8% 1.6% -6%

Thedetachedm edian pricein Augustwas$1,530,000,a 4% decreasefrom Julyand 3% aboveAugust2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,741,811 $1,480,000 32%

Theaveragesold pricewas$1,780,231,4% below last m onth and up 2% toAugust2021.

$1,854,655 $1,600,000

$1,780,231 $1,530,000

2% 3%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

7,193

7,585

6,952

7,369

1.87

5,481

5,397

6,295

1.80

1.79

5,531

4,587

4,181

4,694

1.42

1.37

1.36

3,318

2,317

3,120

1,879

1,794

1,788

1,750

1,697

1,570

1,490

890

1,283

1,149

1,086

876

$1.83M $1.80M $1.73M $1.85M $1.89M

$1.65M $1.60M $1.53M

$1.60M $1.69M $1.69M

$1.48M $1.54M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

2000

1500

1000

34%

500

24%

24%

21%

19%

13%

11%

8%

4%

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+ 1,855 73 4%

S-L RATIO SALES INVENTORY

132 32 24%

77 15 19%

228 55 24%

401 137 34%

879 185 21%

1,675 224 13%

915 102 11%

790 67 8%

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