the rennie review - August 2023

greatervancouverboard area TOWNHOME-JULY 2023

SALES TO LISTINGSRATIO 38% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,031 townhom elistingsin theG reater Vancouverboard areain July,0.3% aboveJuneand 13% lowerthan July2022. Julytownhom esalesdecreased by17% m onth-over-m onth,to 391,and were60% aboveJuly 2022. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at38% ,reflected aselers'm arket. Thetownhom em edian pricein Julywas$1,093,000,a 0.2% increasefrom Juneand 10% aboveJuly2022. Theaveragesold pricewas$1,146,361,0.2% below last m onth;theaveragePSF salepricewas$794,up 0.9% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 4% VS 2022

▲ 10% VS 2022

▼ 13% VS 2022

▲ 60% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

38% 391 1,031

21% 245 1,191

10% 84% 60% -13%

46% 470 1,028

0.9% -0.2% 0.2% -17% -17% 0.3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$794 $1,146,361 $1,093,000

$787 $1,148,232 $1,091,250

$746 $1,099,687 $995,000

6% 4%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 202 ● JUL 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,161

1,191

1,053

1,028

991

1,17

1,031

1,096

910

910

845

823

816

500

470

368

391

306

290

271

396

186

245

232

226

120

$1.05M $1.05M $1.09M $1.09M

$1.04M $1000K

$1.02M

$995K $945K $950K

$949K $987K $979K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

250

70

4+ bdrms

200

200

150

215

59% 58%

3 bdrms

52%

555

42%

100

38%

93

21%

2 bdrms

15%

50

246

0

13

<2 bdrms

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

30

S-L RATIO SALES INVENTORY

10 0 n/a

27 16 59%

91 53 58%

189 98 52%

228 95 42%

197 74 38%

198 41 21%

91 14 15%

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