the rennie review: February 2023

vancouvereast TOWNHOME-JANUARY 2023

SALES TO LISTINGSRATIO 10% BUYERS'M ARKET

▶ MARKETSUMMARY Therewere69 townhom elistingsin VancouverEastin January,14% below D ecem berand 103% higherthan January2022. Januarytownhom esalesdecreased by46% m onth-over-m onth,to 7,and were71% below January 2022. Thesales-to-listing ratio fortow nhom esin Vancouver East,at10% ,reflected abuyers'm arket. Thetownhom em edian pricein Januarywas$898,900,a 17% changefrom D ecem berand 17% below January 2022. Theaveragesold pricewas$880,979,23% below last m onth;theaveragePSF salepricewas$863,down 14% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 2% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 21% VS 2022

▼ 17% VS 2022

▲ 103% VS 2022

▼ 71% VS 2022

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change -14% -23% -17% -38% -46% -14%

TOTALLISTINGS TOTALSALES

$863 $880,979 $898,900 10% 7 69

24 34

-2% -21% -17% -86% -71% 103%

13 80

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$885 $1,109,488 $1,084,000 71%

$1,007 $1,144,946 $1,085,000 16%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 202 ● JAN 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

94

93

88

99

96

95

80

76

69

74

59

44 43

41

31

34 24

33

20

30

15

25

13

9

14

7

$1.27M

$1.18M $1.20M $1.20M $1.15M $1.17M

$1.08M

$1.05M $1.05M $1.09M

$958K $950K

$899K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

20

4+ bdrms

9

15

3

3 bdrms

10

41

4

26%

5

2 bdrms

20%

13

7%

0

<$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

5 1 20%

19 5 26%

14 1 7%

18 0 n/a

12 0 n/a

1 0 n/a

6

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