the rennie review - August 2023

vancouverwest TOWNHOME-JULY 2023

SALES TO LISTINGSRATIO 16% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 12% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.1% VS 2022

▲ 6% VS 2022

▲ 7% VS 2022

▲ 45% VS 2022

Therewere180 townhom elistingsin VancouverW estin July,10% aboveJuneand 7% higherthan July2022. Julytownhom esalesdecreased by41% m onth-over-m onth,to29,and were45% aboveJuly 2022. Thesales-to-listing ratio fortow nhom esin Vancouver W est,at16% ,reflected abalanced m arket. Thetownhom em edian pricein Julywas$1,628,000,a 4% decreasefrom Juneand 6% aboveJuly2022. Theaveragesold pricewas$1,539,879,9% below last m onth;theaveragePSF salepricewas$1,185,down 0.5% tolastm onth.

THISMONTH No. $1,185 $1,539,879 $1,628,000 16% 29 180

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,056 $1,523,240 $1,540,000 12% 20 169

12% 1.1% 6% 36% 45% 7%

$1,191 $1,686,713 $1,700,000 30% 49 163

-0.5% -9% -4% -46% -41% 10%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 202 ● JUL 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

170

169

180

169

151

163

156 156

153

131

124

19

18

50

49

31

26

27

24

19

29

13

12

20

21

20

$1.70M $1.63M

$1.64M

$1.60M

$1.61M

$1.54M

$1.52M

$1.40M $1.40M

$1.34M $1.42M $1.32M

$1.29M

VANCOUVERW EST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

80

4+ bdrms

20

60

15

3 bdrms

99

40

33% 33%

33%

10

21%

2 bdrms

20

52

14%

9%

0

4

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

9

S-L RATIO SALES INVENTORY

1 0 n/a

6 2 33%

9 3 33%

14 3 21%

15 5 33%

88 12 14%

9%

47 4

Copyright© August3,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftheren iegroupofcom panies.CurentasofAugust3,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 52 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online