greatervancouverboardarea CONDO-FEBRUARY 202
SALESTO LISTINGSRATIO 65% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 16% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 22% VS2021
▲ 19% VS2021
▼ 32% VS2021
▲ 6% VS2021
Therewere2,856condolistingsintheGreater VancouverboardareainFebruary,12%aboveJanuary and32%lowerthanFebruary2021. Februarycondosalesincreasedby42% month-over-month,to1,865,andwere6%above February2021. Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at65%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$735,000,a 1.4%increasefromJanuaryand19%aboveFebruary 2021. Theaveragesoldpricewas$846,676,5%abovelast month;theaveragePSFsalepricewas$967,up3%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,865 2,856
1,766 4,210
16% 22% 19% 56% 6% -32%
1,317 2,546
3% 5% 1.4% 26% 42% 12%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$967 $846,676 $735,000 65%
$835 $693,974 $618,500 42%
$936 $806,557 $725,000 52%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,486
4,397
4,714 4,780
4,210
4,465
4,165
4,166
3,412
3,838
2,689
2,856
2,048
2,546
1,827
1,808
2,396
2,283
1,865
1,785
1,766
1,678
1,632 1,630
1,464
1,317
$735K
$725K
$680K
$668K
$655K
$655K
$650K
$645K
$637K
$638K
$635K
$635K
$619K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
800
700
3
100%+
4+bdrms
36
600
77%
73%
500
129
59%
3bdrms
400
398
46%
300
32%
1,019
200
2bdrms
19% 17%
1,527
100
0
714
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
93 43 46%
479 369 77%
681 735 108%
499 363 73%
304 178 59%
237 75 32%
255 49 19%
308 53 17%
895
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online