the rennie review - August 2022

greatervancouverboard area TOWNHOME-JULY 202

SALES TO LISTINGSRATIO 21% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,141 townhom elistingsin theG reater Vancouverboard areain July,3% aboveJuneand 18% higherthan July2021. Julytownhom esalesdecreased by41% m onth-over-m onth,to 240,and were53% below July 2021. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at21% ,reflected aselers'm arket. Thetownhom em edian pricein Julywas$990,000,a 2.0% decreasefrom Juneand 10% aboveJuly2021. Theaveragesold pricewas$1,066,355,5% below last m onth;theaveragePSF salepricewas$735,down 7% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 8% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 11% VS 2021

▲ 10% VS 2021

▲ 18% VS 2021

▼ 53% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 53% 508 964

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

21% 240 1,141

8% 11% 10% -60% -53% 18%

37% 409 1,108

-43% -41% 3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$735 $1,066,355 $990,000

$787 $1,120,064 $1,010,000

-7% -5% -2%

$681 $958,408 $898,950

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,141

1,127

1,108

964

792

921

754

825

599

597

667

500

629

508

409

387

502

503

493

477

467

446

441

365

284

240

$1.10M $1.10M $1.15M $1.10M

$1.03M $1.01M $990K

$995K $969K

$899K

$899K $960K $945K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

300

40

250

4+ bdrms

202

200

139

3 bdrms

150

624

100

32%

29%

56

22%

2 bdrms

17%

17%

50

279

11%

8%

8%

0

5

<$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

13 1 8%

30 5 17%

135 43 32%

274 79 29%

241 54 22%

206 34 17%

166 18 11%

8%

36

76 6

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