vancouverwest DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 10% VS2021
▲ 11% VS2021
▲ 31% VS2021
▲ 17% VS2021
Therewere543detachedlistingsinVancouverWestin February,7%aboveJanuaryand31%higherthan February2021. Februarydetachedhomesalesincreasedby56% month-over-month,to102,andwere17%above February2021. Thesales-to-listingratiofordetachedinVancouverWest, at19%,reflectedabalancedmarket. ThedetachedmedianpriceinFebruarywas$3,655,000, a14%increasefromJanuaryand11%aboveFebruary 2021. Theaveragesoldpricewas$3,887,293,3%belowlast monthandup10%toFebruary2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
19% 102 543
$3,528,940 $3,280,000 21% 87 415
10% 11% -10% 17% 31%
$4,024,286 $3,205,000 13% 65 507
-3% 14% 47% 57% 7%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$3,887,293 $3,655,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
736
770
742
729
727
626
675
2.48
635
537
543
530
2.13
507
2.12
415
1.86
1.78
1.70
143
140
15
109
100
65
102
87
17
92
73
83
78
$3.67M
$3.66M
$3.58M
$3.55M
$3.52M $3.28M
$3.36M
$3.30M
$3.30M
$3.20M
$3.20M
$3.21M
$3.14M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
500
400
300
60%
51%
200
33%
100
15%
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
2 0 n/a
3 1 33%
10 6 60%
39 20 51%
489 75 15%
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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