westvancouver DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 3% VS2021
▼ 2% VS2021
▲ 5% VS2021
▼ 23% VS2021
Therewere327detachedlistingsinWestVancouverin February,18%aboveJanuaryand5%higherthan February2021. Februarydetachedhomesalesincreasedby76% month-over-month,to58,andwere23%belowFebruary 2021. Thesales-to-listingratiofordetachedinWestVancouver, at18%,reflectedabalancedmarket.
THISMONTH No. $3,479,900 $2,957,500 18% 58 327
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$3,391,036 $3,028,000 24% 75 310
-27% -23% 5%
$3,475,818 $3,080,000 12% 33 276
0.1% -4% 48% 76% 18%
ThedetachedmedianpriceinFebruarywas$2,957,500, a4%decreasefromJanuaryand2%belowFebruary2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$3,479,900,0.1%abovelast monthandup3%toFebruary2021.
3% -2%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
436
420
465 467
436
363
414
2.35
403
327
350
310
296
1.93
1.92
276
1.59
1.51
98
79
61
1.32
59
54
75
41 41
43
41
33
58
60
$3.20M
$3.13M
$3.15M
$3.14M
$3.08M
$2.94M $3.03M
$2.94M
$2.95M
$2.96M
$2.90M
$2.70M
$2.63M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
250
93%
200
75%
150
100
33%
50
11%
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
1 0 n/a
4 3 75%
14 13 93%
40 13 33%
266 29 11%
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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