the rennie review - September 2022

vancouverwest CONDO -AUGUST 202

SALES TO LISTINGSRATIO 28% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere521 condolistingsin VancouverW estin August,12% below Julyand 13% lowerthan August 2021. Augustcondosalesincreased by0.7% m onth-over-m onth,to145,and were30% below August 2021. Thesales-to-listing ratio forcondosin VancouverW est, at28% ,reflected aselers'm arket. Thecondom edian pricein Augustwas$849,000,a1.2% decreasefrom Julyand 8% aboveAugust2021. Theaveragesold pricewas$979,301,1.4% abovelast m onth;theaveragePSF salepricewas$1,151,up 6% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 7% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 8% VS 2021

▲ 8% VS 2021

▼ 13% VS 2021

▼ 30% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 35% 208 597

% Change

No. 24% 144 594

% Change

TOTALLISTINGS TOTALSALES

28% 145 521

-20% -30% -13%

6% 1.4% -1.2% 15% 0.7% -12%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$1,151 $979,301 $849,000

$1,089 $965,468 $859,000

$1,075 $910,173 $786,800

7% 8% 8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

621

653

602

594

565

597

552

521

513

427

475

446

398

276

213

209

195

208

217

214

145

179

167

145

144

142

$923K $879K $908K

$860K $865K $899K $890K

$858K $884K $859K $849K

$787K $842K

VANCOUVERW EST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

100%+

100

4+ bdrms

5

80

13

60

3 bdrms

83

44%

38%

40

28%

64

2 bdrms

20

289

13%

9% 8%

0

68

<$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

17 18 106%

96 36 38%

107 47 44%

76 21 28%

86 11 13%

77 7 9%

8%

144

62 5

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