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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