THE RENNIE ADVANCE sales
highlights • The Vancouver Region tallied 2,918 MLS sales in September, which was down 17% from August’s 3,500 sales and was the lowest monthly total since February. This was a much steeper dropoff than the typical August-to-September decline in sales (of 3%), with the region’s sales sitting 27% below the long-run September average. • Compared to August, September’s detached home sales were down by 41% (to 935), townhome sales were down by 22% (to 581), and condo sales were down by 16% (to 1,333). • In spite of the drop off in sales last month, September’s sales for all home types were still higher compared to last year’s historically low count: by 9% for detached homes, by 24% for townhomes, and by 14% for condos.
SEPTEMBER 2023
1,000 1,500 2,000 2,500 3,000 3,500 4,000
+ 9% vs Sep 2022
1,597 10 yr Sep Avg
DETACHED sales
935
0 500
- 41% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
1,000 1,200 1,400 1,600
+ 24% vs Sep 2022
0 200 400 600 800
743 10 yr Sep Avg
581
TOWNHOME sales
- 22% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
3,500
+ 14% vs Sep 2022
3,000
2,500
2,000
1,593 10 yr Sep Avg
1,500
1,000
1,333
CONDO sales
0 500
- 16% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
Copyright © October 3, 2023 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 3, 2023. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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