the rennie review - March 2022

vancouvereast DETACHED-FEBRUARY 202

SALESTO LISTINGSRATIO 29% SELLERS'MARKET

▶ MARKETSUMMARY Therewere408detachedlistingsinVancouverEastin February,23%aboveJanuaryand12%higherthan February2021. Februarydetachedhomesalesincreasedby80% month-over-month,to117,andwere13%below February2021. Thesales-to-listingratiofordetachedinVancouverEast, at29%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$2,165,000, a3%increasefromJanuaryand27%aboveFebruary 2021. Theaveragesoldpricewas$2,156,301,0.3%abovelast monthandup18%toFebruary2021.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 18% VS2021

▲ 27% VS2021

▲ 12% VS2021

▼ 13% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 37% 134 364

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

29% 117 408

18% 27% -22% -13% 12%

$2,149,280 $2,100,000 20% 65 332

0.3% 3% 46% 80% 23%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,156,301 $2,165,000

$1,820,884 $1,700,000

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

635

684

663

1.94

566

480

508

1.76

1.721.78

481

390

408

1.60

422

1.57

364

332

245

317

221

191

144

135 136

126

17

154

134

101

94

65

$2.17M

$2.10M

$1.88M

$1.85M

$1.85M

$1.85M

$1.80M

$1.77M

$1.77M $1.70M

$1.75M

$1.72M

$1.69M

Feb-21

Jan-22

Feb-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

100

80

60

54%

50%

48%

40

34%

19%

20

6%

0

<$600K

$600-799K

$800-999K

$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M

$2.0M-2.49M

$2.5M-2.99M

$3M+

S-LRATIO SALES INVENTORY

1 0 n/a

4 2 50%

13 7 54%

104 35 34%

107 51 48%

84 16 19%

95 6 6%

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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