the rennie review - September 2022

greatervancouverboard area DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 13% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 0.5% VS 2021

▲ 3% VS 2021

▲ 13% VS 2021

▼ 44% VS 2021

Therew ere 4,154 detached listingsin the G reater Vancouverboard areain August,4% below Julyand 13% higherthan August2021. Augustdetached hom esalesdecreased by1.1% m onth-over-m onth,to525,and were44% below August 2021. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at13% ,reflected abalanced market. Thedetachedm edian pricein Augustwas$1,700,000,a 3% decreasefrom Julyand 3% aboveAugust2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

13% 525 4,154

25% 935 3,688

0.5% 3% -50% -44% 13%

12% 531 4,338

-2% -3% 3% -1.1% -4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,992,924,2% below last m onth and up 0.5% toAugust2021.

$2,041,887 $1,747,500

$1,992,924 $1,700,000

$1,982,514 $1,650,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

4,236

4,463

4,154

4,338

3,656

3,688

1.83

3,254

1.80

3,714

1.76

2,875

2,799

3,180

1.47

1.43

1.39

2,21 2,264

1,297

1,092

1,006

985

935

950

957

525

793

795

656

622

531

$1.99M $2.01M $2.00M $2.00M $1.90M

$1.80M $1.75M $1.70M

$1.76M $1.85M $1.85M

$1.65M $1.67M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

1400

1200

1000

800

600

29%

27%

400

24%

20%

18%

17%

14%

10%

200

4%

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+ 1,444 62 4%

S-L RATIO SALES INVENTORY

60 12 20%

51 9 18%

96 26 27%

156 46 29%

373 90 24%

884 151 17%

558 76 14%

532 53 10%

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