the rennie review - September 2022

vancouverregion TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 26% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere2,207 townhom elistingsin theVancouver Region in August,10% below Julyand 60% higherthan August2021. Augusttownhom esalesincreased by19% m onth-over-m onth,to565,and were44% below August 2021. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at26% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$850,000,a 5% decreasefrom Julyand 8% aboveAugust2021. Theaveragesold pricewas$907,600,5% below last m onth;theaveragePSF salepricewas$622,down 2% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 5% VS 2021

▲ 8% VS 2021

▲ 60% VS 2021

▼ 44% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

26% 565 2,207

1,013 1,377

-65% -44% 60%

19% 475 2,444

32% 19% -10%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$586 $866,668 $789,900 74%

$622 $907,600 $850,000

$636 $958,415 $893,000

-2% -5% -5%

6% 5% 8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

2,434 2,444

2,373

2,207

2,003

1,678

1,251

1,377 1,306

1,227

1,076

973

1,013

782

771

766

1,001

941

925

912

895

801

565

587

574

475

$990K $1.02M $1.00M

$983K $925K

$915K $893K $850K

$847K $880K $900K

$790K $834K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

800

88

700

4+ bdrms

480

600

500

306

3 bdrms

400

1,212

41%

300

34%

162

26%

25%

200

21%

2 bdrms

15% 12%

479

100

7%

0

9

<$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

31 8 26%

103 35 34%

450 185 41%

751 191 25%

397 85 21%

237 35 15%

170 21 12%

7%

36

68 5

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