vancouverregion DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 39% SELLERS'MARKET
▶ MARKETSUMMARY Therewere4,585detachedlistingsintheVancouver RegioninFebruary,38%aboveJanuaryand1.8%higher thanFebruary2021. Februarydetachedhomesalesincreasedby53% month-over-month,to1,766,andwere27%below February2021. Thesales-to-listingratiofordetachedintheVancouver Region,at39%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$1,886,400, a2.0%increasefromJanuaryand34%aboveFebruary 2021. Theaveragesoldpricewas$2,138,330,0.6%abovelast monthandup30%toFebruary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 30% VS2021
▲ 34% VS2021
▲ 1.8% VS2021
▼ 27% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,766 4,585
2,417 4,502
30% 34% -28% -27% 1.8%
1,154 3,318
0.6% 2% 11% 53% 38%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,138,330 $1,886,400 39%
$2,124,971 $1,850,000 35%
$1,651,036 $1,407,523 54%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,567
7,107
7,331
5,965
1.95
5,397
6,236
1.87
1.84
5,531
4,585
4,181
4,694
4,502
3,503
1.50
1.51
2,749
3,318
1.35
3,120
3,039
1,879
1,795
2,417
2,227
1,766
1,899
1,790
1,697
1,492
1,154
$1.89M
$1.85M
$1.69M
$1.69M
$1.60M
$1.54M
$1.50M
$1.48M $1.41M
$1.48M
$1.46M
$1.45M
$1.45M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1600
1400
1200
75%
1000
65%
800
53%
45%
40%
600
32%
31%
29%
400
15%
200
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+ 1,519 228 15%
S-LRATIO SALES INVENTORY
80 25 31%
20 15 75%
66 19 29%
137 62 45%
457 182 40%
1,090 705 65%
651 347 53%
565 183 32%
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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