the rennie review - August 2022

vancouverregion TOWNHOME-JULY 202

SALES TO LISTINGSRATIO 19% BALANCEDMARKET

▶ MARKETSUMMARY Therewere2,445 townhom elistingsin theVancouver Region in July,0.4% aboveJuneand 46% higherthan July 2021. Julytownhom esalesdecreased by38% m onth-over-m onth,to 475,and were52% below July 2021. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at19% ,reflected abalanced m arket. Thetownhom em edian pricein Julywas$893,000,a2% decreasefrom Juneand 14% aboveJuly2021. Theaveragesold pricewas$958,457,4% below last m onth;theaveragePSF salepricewas$636,down 7% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 9% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 13% VS 2021

▲ 14% VS 2021

▲ 46% VS 2021

▼ 52% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

19% 475 2,445

59% 987 1,674

9% 13% 14% -67% -52% 46%

32% 771 2,435

-39% -38% 0.4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$636 $958,457 $893,000

$680 $999,541 $915,000

-7% -4% -2%

$581 $850,270 $781,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

2,445

2,373 2,435

2,003

1,678

1,674

1,306

1,252

1,227

1,076

1,377

942

987

782

771

766

1,013

1,001 973

925

912

895

801

475

587

574

$990K $1.02M $1000K $983K

$925K $915K $893K

$847K $880K $900K

$781K $790K $834K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

85

800

4+ bdrms

537

600

271

3 bdrms

1,317

400

113

26%

21% 19%

2 bdrms

200

15% 17%

549

13% 12%

8%

0

6

<$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

26 4 15%

101 17 17%

489 127 26%

881 183 21%

426 80 19%

269 36 13%

177 22 12%

8%

42

76 6

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