highlights • TotalinventoryinDecemberreachedarecordlowof6,705homes,down30%fromtheprevious month.WithhundredsoflistingsexpiringasthecalendarflippedtoJanuary,2022hasbegunwith only6,075totallistings,thoughthisnumberisexpectedtorisethroughthismonth. • ComparedtoDecember2020,townhomesexperiencedthelargestinventorycontractionat61%, folowedbycondosat51%anddetachedhomesat29%.Totalyear-over-yearinventorydecline was44%. • Thesales-to-listingsratiosroseagainintoDecember,withthedetachedhomesegmentat47%, condosat73%,andtownhomesat129%.Acroshometypesandthroughouttheregion, conditionsverystronglyfavourselers.
THERENNIEADVANCE total listings
DECEMBER 2021
14,000
-29% vsDec2020
12,000
10,000
8,000
5,872 10 yrDecAvg
6,000
4,000
DETACHED listings
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0 2,000 3,154
-46% vs10yrDecAvg
● December ﹍ 10 yrDecemberAverage
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
-61% vsDec2020
1,754 10 yrDecAvg
TOWNHOME listings
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0 500 617
-65% vs10yrDecAvg
● December ﹍ 10 yrDecemberAverage
12,000
-51% vsDec2020
10,000
8,000
6,000
4,507 10 yrDecAvg
4,000
CONDO listings
2,000
2,770
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0
-39% vs10yrDecAvg
● December ﹍ 10 yrDecemberAverage
Copyright©January5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofJanuary5,202.AldatafromRealEstateBoard ofGreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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