the rennie review - September 2022

vancouverregion CONDO -AUGUST 202

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere5,203 condolistingsin theVancouverRegion in August,6% below Julyand 2.0% higherthan August 2021. Augustcondosalesdecreased by8% m onth-over-m onth, to1,312,and were41% below August2021.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 9% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2021

▲ 9% VS 2021

▲ 2.0% VS 2021

▼ 41% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin the Vancouver Region,at25% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

1,312 5,203

2,230 5,103

-42% -41% 2%

1,419 5,559

-8% -6%

Thecondom edian pricein Augustwas$645,000,a0.8% increasefrom Julyand 9% aboveAugust2021. Theaveragesold pricewas$731,293,0.7% below last m onth;theaveragePSF salepricewas$862,up 1.4% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$862 $731,293 $645,000 25%

$791 $672,418 $590,000 44%

$850 $736,458 $640,000 26%

1.4% -0.7% 0.8% -1.2%

9% 9% 9%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

5,367

5,559

5,302

5,646

5,203

5,103

4,076

4,072

4,681

4,617

3,620

3,16

2,441

2,363

2,966

2,769

2,055

2,230

2,382

2,244

2,192

2,007

1,731

1,733

1,312

1,419

$685K $680K $667K $650K

$671K $695K

$640K $645K

$590K $598K $608K $620K $628K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

1600

1400

45 3

4+ bdrms

1200

1000

79

3 bdrms

800

596

600

40%

29%

29%

708

400

21%

2 bdrms

15%

2,970

12%

200

7% 6%

0

522

<$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

264 76 29%

1,233 490 40%

1,461 422 29%

853 182 21%

407 63 15%

298 36 12%

317 21 7%

370 22 6%

1,592

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