rennie review - March 2023

vancouvereast TOWNHOME-FEBRUARY 2023

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere81 townhom elistingsin VancouverEastin February,17% aboveJanuaryand 98% higherthan February2022. Februarytownhom esalesincreased by186% m onth-over-m onth,to20,and were33% below February 2022. Thesales-to-listing ratio fortow nhom esin Vancouver East,at25% ,reflected aselers'm arket. Thetownhom em edian pricein Februarywas $1,092,500,a22% increasefrom Januaryand 14% below February2022. Theaveragesold pricewas$1,085,937,23% abovelast m onth;theaveragePSF salepricewas$828,down 4% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 18% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 16% VS 2022

▼ 14% VS 2022

▲ 98% VS 2022

▼ 33% VS 2022

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

20 81

30 41

-18% -16% -14% -66% -33% 98%

$863 $880,979 $898,900 10% 7 69

143% 186% 17%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$828 $1,085,937 $1,092,500 25%

$1,005 $1,285,438 $1,270,000 73%

-4% 23% 22%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 202 ● FEB 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

94

93

88

99

96

95

81

80

76

74

59

69

44 43

41

31

33

20

30

15

20

25

13

9

7

14

$1.27M

$1.18M $1.20M $1.20M $1.15M $1.17M

$1.09M

$1.05M $1.05M $1.09M

$958K $950K

$899K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

20

5

4+ bdrms

10

83%

15

10

3 bdrms

46

10

5

24%

21% 22%

5

2 bdrms

14%

18

0

<$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

2 0 n/a

6 5 83%

19 4 21%

18 4 22%

21 5 24%

14 2 14%

1 0 n/a

7

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