the rennie review - September 2022

greatervancouverboard area TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 27% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,052 townhom elistingsin theG reater Vancouverboard areain August,8% below Julyand 28% higherthan August2021. Augusttownhom esalesincreased by18% m onth-over-m onth,to282,and were44% below August 2021. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at27% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$941,500,a 5% decreasefrom Julyand 5% aboveAugust2021. Theaveragesold pricewas$1,005,567,6% below last m onth;theaveragePSF salepricewas$732,down 0.4% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 0.8% VS 2021

▲ 5% VS 2021

▲ 28% VS 2021

▼ 44% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 61% 500 825

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

27% 282 1,052

6% 0.8% 5% -56% -44% 28%

21% 240 1,140

27% 18% -8%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$732 $1,005,567 $941,500

$735 $1,066,272 $990,000

-0.4% -6% -5%

$693 $997,438 $899,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,140

1,127

1,052

1,107

792

921

825

754

629

597

599

667

500

409

387

501

503

493

477

467

446

441

365

282

284

240

$1.10M $1.10M $1.15M

$1.10M $1.03M

$1.01M $990K $942K

$995K $969K

$899K $960K $945K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

250

39

4+ bdrms

186

200

153

150

3 bdrms

56%

594

48%

100

39%

82

25%

23%

2 bdrms

50

15%

241

12%

7%

0

8

<$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

13 3 23%

29 14 48%

106 59 56%

241 93 39%

244 60 25%

191 29 15%

160 19 12%

7%

31

68 5

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