greatervancouverboardarea DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 36% SELLERS'MARKET
▶ MARKETSUMMARY Therewere2,797detachedlistingsintheGreater VancouverboardareainFebruary,24%aboveJanuary and4%lowerthanFebruary2021. Februarydetachedhomesalesincreasedby62% month-over-month,to1,013,andwere17%below February2021. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at36%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$2,015,000, a1.2%increasefromJanuaryand26%aboveFebruary 2021. Theaveragesoldpricewas$2,287,132,0.9%belowlast monthandup23%toFebruary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 23% VS2021
▲ 26% VS2021
▼ 4% VS2021
▼ 17% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,013 2,797
1,222 2,905
23% 26% -14% -17% -4%
28% 626 2,264
31% 62% 24%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,287,132 $2,015,000 36%
$1,858,252 $1,600,000 42%
$2,308,713 $1,990,400
-0.9% 1.2%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,523
4,739
4,387
3,661
3,656
1.82
4,051
1.81
1.79
3,688
2,875
3,180
1.55
2,797
1.54
2,905
1.49
1,960
1,652
2,21 2,264
1,264
1,092
985
1,422
1,013
1,222
1,044
936
950
793
626
$2.02M
$1.99M
$1.85M
$1.85M
$1.76M
$1.70M
$1.65M $1.60M
$1.65M
$1.67M
$1.63M
$1.63M
$1.61M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1200
1000
77%
800
66%
59%
55%
52%
600
40%
400
31%
30%
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+ 1,196 174 15%
S-LRATIO SALES INVENTORY
30 9 30%
17 10 59%
35 14 40%
43 33 77%
156 81 52%
526 347 66%
399 221 55%
395 124 31%
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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