the rennie review - March 2022

vancouvereast TOWNHOME-FEBRUARY 202

SALESTO LISTINGSRATIO 72% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 14% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 23% VS2021

▲ 19% VS2021

▼ 35% VS2021

▼ 9% VS2021

Therewere43townhomelistingsinVancouverEastin February,26%aboveJanuaryand35%lowerthan February2021. Februarytownhomesalesincreasedby28% month-over-month,to31,andwere9%belowFebruary 2021. Thesales-to-listingratiofortownhomesinVancouver East,at72%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas $1,260,000,a16%increasefromJanuaryand19%above February2021. Theaveragesoldpricewas$1,273,002,15%abovelast month;theaveragePSFsalepricewas$988,up12%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

31 43

34 66

14% 23% 19% 40% -9% -35%

24 34

12% 15% 16% 2% 29% 26%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$988 $1,273,002 $1,260,000 72%

$864 $1,032,369 $1,060,000 52%

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

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

100

99

105

101

99

83

88

83 86

61

54

66

51

48

44

39

51

43 31

34

43

42

38

34

27

24

$1.26M

$1.15M

$1.08M

$1.06M

$1.07M

$1.05M

$1.03M

$1.04M

$1.04M

$1.00M

$978K

$955K

$950K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

12

3 3

100%+

4+bdrms

91%

10

75%

8

20

60%

3bdrms

27

6

4

8

2bdrms

12

2

0

<$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

3 0 n/a

10 6 60%

12 9 75%

11 10 91%

4 6 150%

3 0 n/a

1

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 42 ●

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