the rennie review - March 2022

vancouverwest TOWNHOME-FEBRUARY 202

SALESTO LISTINGSRATIO 36% SELLERS'MARKET

▶ MARKETSUMMARY Therewere138townhomelistingsinVancouverWestin February,22%aboveJanuaryand7%lowerthanFebruary 2021. Februarytownhomesalesincreasedby26% month-over-month,to49,andwere7%aboveFebruary 2021. Thesales-to-listingratiofortownhomesinVancouver West,at36%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas $1,720,000,a14%increasefromJanuaryand30%above February2021. Theaveragesoldpricewas$1,729,096,17%abovelast month;theaveragePSFsalepricewas$1,182,up12%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 12% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 19% VS2021

▲ 30% VS2021

▼ 7% VS2021

▲ 7% VS2021

THISMONTH No. $1,182 $1,729,096 $1,720,000 36% 49 138

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$1,056 $1,458,867 $1,320,000 31% 46 149

12% 19% 30% 15% 7% -7%

$1,058 $1,476,395 $1,515,000 35% 39 113

12% 17% 14% 3% 26% 22%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

174

188

184

183

182

150

138

149

142

141

139

19

13

86

84

79

69

49

44

49

54

48

46

41

39

35

$1.72M

$1.61M

$1.53M

$1.52M

$1.49M

$1.48M

$1.45M

$1.44M

$1.41M

$1.39M

$1.32M

$1.29M

$1.30M

VANCOUVERWEST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

3

100%

50

4+bdrms

20

40

22

3bdrms

30

64

44%

20

35%

29%

23

25% 22%

2bdrms

10

47

0

1

<$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

1 0 n/a

4 1 25%

9 2 22%

6 6 100%

16 7 44%

54 19 35%

48 14 29%

7

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 46 ●

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