greatervancouverboardarea CONDO-MARCH 202
SALESTO LISTINGSRATIO 72% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 17% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 17% VS2021
▲ 16% VS2021
▼ 23% VS2021
▼ 14% VS2021
Therewere3,225condolistingsintheGreater VancouverboardareainMarch,13%aboveFebruaryand 23%lowerthanMarch2021. Marchcondosalesincreasedby24%month-over-month, to2,313,andwere14%belowMarch2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at72%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
2,313 3,225
2,689 4,165
17% 17% 16% 11% -14% -23%
1,863 2,856
10% 24% 13%
ThecondomedianpriceinMarchwas$740,000,a0.7% increasefromFebruaryand16%aboveMarch2021. Theaveragesoldpricewas$834,025,1.5%belowlast month;theaveragePSFsalepricewas$969,up0.1%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$969 $834,025 $740,000 72%
$826 $715,492 $637,000 65%
$968 $847,003 $735,000 65%
0.1% -1.5% 0.7%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,486
4,397
4,780
4,714
4,465
4,165
4,166
3,412
3,838
3,225
2,689
2,856
2,048
2,313
2,546 1,863
1,827
1,808
2,396
2,283
1,785
1,678
1,632 1,630
1,464
1,316
$740K
$735K
$725K
$680K
$668K
$650K
$655K
$655K
$645K
$637K
$638K
$635K
$635K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
800
33 5
100%+
4+bdrms
90%
86%
600
74%
170
57%
3bdrms
404
400
33%
1,216
23%
200
2bdrms
14%
1,740
0
922
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
80 59 74%
540 484 90%
778 845 109%
623 533 86%
348 199 57%
259 86 33%
279 63 23%
318 44 14%
1,048
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
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