the rennie review - September 2022

westvancouver DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 7% BUYERS'M ARKET

▶ MARKETSUMMARY Therewere419 detached listingsin W estVancouverin August,-1.9% below Julyand 1.2% higherthan August 2021. Augustdetached hom esalesdecreased by7% m onth-over-m onth,to28,and were32% below August 2021. Thesales-to-listing ratio fordetached in W estVancouver, at7% ,reflected abuyers'm arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 12% VS 2021

▼ 5% VS 2021

▲ 1.2% VS 2021

▼ 32% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No. 7% 30 427

% Change

TOTALLISTINGS TOTALSALES

7% 28 419

$3,957,146 $2,935,000 10% 41 414

-12% -5% -33% -32% 1.2%

-3% -3% -5% -7% -1.9%

Thedetachedm edian pricein Augustwas$2,790,000,a 3% decreasefrom Julyand 5% below August2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$3,500,847,3% below last m onth and down 12% toAugust2021.

$3,612,493 $2,870,000

$3,500,847 $2,790,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

436

425

403

445

419

393

414

427

363

2.84

327

337

2.45

296

276

1.65

63

61

58

46

41

32

32

30

41

1.21

54

28

41

43

0.96

0.86

$3.21M $3.32M

$3.14M $3.04M $2.96M $3.00M

$3.06M $2.87M $2.79M

$2.94M $2.95M

$2.63M $2.70M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

350

300

250

200

150

100

25%

22%

19%

50

3%

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

2 0 n/a

2 0 n/a

9 2 22%

24 6 25%

59 11 19%

323 9 3%

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

51

Made with FlippingBook - professional solution for displaying marketing and sales documents online