the rennie review - August 2022

vancouverdowntown CONDO -JULY 202

SALES TO LISTINGSRATIO 17% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 4% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 23% VS 2021

▲ 8% VS 2021

▼ 3% VS 2021

▼ 31% VS 2021

Therewere880 condolistingsin VancouverD owntown in July,3% below Juneand 3% lowerthan July2021.

Julycondosalesdecreased by16% m onth-over-m onth,to 151,and were31% below July2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 24% 218 906

% Change

No. 20% 180 907

% Change

Thesales-to-listing ratio forcondosin Vancouver D owntown,at17%,reflected abalanced m arket.

TOTALLISTINGS TOTALSALES

17% 151 880

4% 23% 8% -29% -31% -3%

5% 14% 4% -14% -16% -3%

Thecondom edian pricein Julywas$805,000,a4% increasefrom Juneand 8% aboveJuly2021. Theaveragesold pricewas$1,107,439,14% abovelast m onth;theaveragePSF salepricewas$1,170,up 5% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$1,170 $1,107,439 $805,000

$1,110 $973,979 $776,500

$1,121 $903,803 $746,500

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

906

880

927

907

899

783

887

744

826

820

663

610 61

321

287

277

238

233

218

250

216

21

151

185

178

180

$851K $800K

$834K $845K $849K

$785K $764K $791K

$777K $805K

$747K $750K $732K

VANCOUVERDOWN. REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

1

200

4+ bdrms

13

150

9

3 bdrms

107

100

36%

30%

61

26% 24%

2 bdrms

50

431

13%

7% 8% 5%

0

80

<$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

16 2 13%

70 25 36%

162 48 30%

115 30 26%

75 18 24%

87 6 7%

129 10 8%

226 12 5%

329

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