vancouverregion CONDO-FEBRUARY 202
SALESTO LISTINGSRATIO 66% SELLERS'MARKET
▶ MARKETSUMMARY Therewere3,620condolistingsintheVancouverRegion inFebruary,22%aboveJanuaryand33%lowerthan February2021. Februarycondosalesincreasedby38% month-over-month,to2,385,andwere2%below February2021. Thesales-to-listingratioforcondosintheVancouver Region,at66%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$695,000,a3% increasefromJanuaryand26%aboveFebruary2021. Theaveragesoldpricewas$795,297,6%abovelast month;theaveragePSFsalepricewas$915,up5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 23% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 27% VS2021
▲ 26% VS2021
▼ 33% VS2021
▼ 2% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
2,385 3,620
2,435 5,402
23% 27% 26% 46% -2% -33%
1,734 2,966
13% 38% 22%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$915 $795,297 $695,000 66%
$746 $625,591 $550,000 45%
$875 $751,147 $671,650 58%
5% 6% 3%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
5,628
5,302
5,830 6,051 6,001
5,402
5,355
5,103
4,072
4,617
3,507
3,620
2,829
2,441
2,363
2,980
2,230
2,966
2,769
2,385
2,435
2,401
2,234
2,192
2,007
1,734
$695K
$672K
$628K
$620K
$608K
$598K
$585K
$588K
$590K
$583K
$574K
$575K
$550K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1000
39 4
100%+
800
4+bdrms
76%
600
71%
157
3bdrms
56%
440
400
46%
31%
1,319
200
21% 18%
2bdrms
2,009
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
905
S-LRATIO SALES INVENTORY
177 82 46%
887 627 71%
885 909 103%
518 395 76%
331 185 56%
249 77 31%
262 55 21%
311 55 18%
<2bdrms
1,132
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
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