the rennie review - May 2022

westvancouver DETACHED-APRIL 202

SALESTO LISTINGSRATIO 14% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

SALES

TOTALLISTINGS

▲ 5% VS2021

▲ 0.1% VS2021

▼ 6% VS2021

▼ 32% VS2021

Therewere393detachedlistingsinWestVancouverin April,17%aboveMarchand6%lowerthanApril2021. Aprildetachedhomesalesdecreasedby14% month-over-month,to54,andwere32%belowApril 2021. Thesales-to-listingratiofordetachedinWestVancouver, at14%,reflectedabalancedmarket.

THISMONTH No. $3,776,352 $3,205,000 14% 54 393

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$3,603,077 $3,200,000 19% 79 420

5% 0.2% -27% -32% -6%

$3,520,490 $3,000,000 19% 63 337

-26% -14% 17%

ThedetachedmedianpriceinAprilwas$3,205,000,a7% increasefromMarchand0.2%aboveApril2021.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

Theaveragesoldpricewas$3,776,352,7%abovelast monthandup5%toApril2021.

7% 7%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

436

465 467

420

436

393

414

3.02

403 363

327

2.82

337

296

276

1.99

63

61 43

59

58

54

79

41 41

41

32

54

60

1.40

1.41

1.28

$3.20M

$3.21M

$3.13M

$3.15M

$3.14M

$3.04M

$3.00M $2.96M

$2.94M

$2.95M

$2.90M

$2.70M

$2.63M

Apr-21

Mar-22

Apr-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

350

300

91%

250

200

50%

150

33%

100

28%

50

9%

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 1 50%

1 0 n/a

3 1 33%

11 10 91%

47 13 28%

329 29 9%

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

48

Made with FlippingBook - professional solution for displaying marketing and sales documents online