the rennie review - September 2022

westvancouver CONDO -AUGUST 202

SALES TO LISTINGSRATIO 24% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 26% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 50% VS 2021

▲ 12% VS 2021

▲ 54% VS 2021

▲ 11% VS 2021

Therewere88 condolistingsin W estVancouverin August,8% below Julyand 54% higherthan August2021.

Augustcondosalesincreased by62% m onth-over-m onth, to21,and were11% aboveAugust2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin W estVancouver, at24% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

21 88

19 57

26% 50% 12% -28% 11% 54%

13 96

20% 74% 20% 76% 62% -8%

Thecondom edian pricein Augustwas$1,400,000,a 20% increasefrom Julyand 12% aboveAugust2021. Theaveragesold pricewas$2,055,733,74% abovelast m onth;theaveragePSF salepricewas$1,340,up 20% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$1,340 $2,055,733 $1,400,000 24%

$1,068 $1,374,868 $1,245,000 33%

$1,114 $1,182,231 $1,170,000 14%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

89

95 96

88

57

67

57

48

51

36

46

18 39

21

32

20 20

21

19

20

19

18

14

13

13

9

$1.40M

$1.28M

$1.25M

$1.25M

$1.24M $1.17M

$1.17M $1.09M

$1.07M

$1.01M

$928K

$825K

$755K

W ESTVANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

25

1

4+ bdrms

20

80%

3

15

3 bdrms

12

10

28%

11

25%

23%

2 bdrms

17%

5

15%

56

13%

0

6

<$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

4 1 25%

5 4 80%

12 2 17%

13 3 23%

13 2 15%

16 2 13%

25 7 28%

20

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