the rennie review - August 2022

vancouvereast CONDO -JULY 202

SALES TO LISTINGSRATIO 26% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 5% VS 2021

▲ 8% VS 2021

▼ 8% VS 2021

▼ 35% VS 2021

Therewere393 condolistingsin VancouverEastin July, 0.3% aboveJuneand 8% lowerthan July2021.

Julycondosalesdecreased by27% m onth-over-m onth,to 102,and were35% below July2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 37% 158 427

% Change

No. 35% 139 392

% Change

Thesales-to-listing ratio forcondosin VancouverEast,at 26% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

26% 102 393

-30% -35% -8%

-1.2% -3% 0% -27% -27% 0.3%

Thecondom edian pricein Julywas$680,000,a0% changefrom Juneand 8% aboveJuly2021. Theaveragesold pricewas$706,819,3% below last m onth;theaveragePSF salepricewas$928,down 1.2% tolastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$928 $706,819 $680,000

$940 $726,896 $680,000

$887 $672,114 $630,000

5% 5% 8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

421

427

399

393

351

392

384

319

368

355

240 328

275

247

178

174

171

139

191

158

178

155

154

144 142

102

$690K $709K $680K $686K $669K $680K $680K

$662K $642K $617K

$630K

$600K $645K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

140

120

4+ bdrms

4

100

80

2

3 bdrms

40

60

42%

36%

40

29%

51

21% 22%

2 bdrms

174

20

6%

0

49

<$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

12 5 42%

79 23 29%

128 46 36%

102 21 21%

27 6 22%

17 1 6%

14 0 n/a

14 0 n/a

175

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