vancouvereast DETACHED-MARCH 202
SALESTO LISTINGSRATIO 39% SELLERS'MARKET
▶ MARKETSUMMARY Therewere453detachedlistingsinVancouverEastin March,11%aboveFebruaryand6%lowerthanMarch 2021. Marchdetachedhomesalesincreasedby50% month-over-month,to176,andwere28%belowMarch 2021. Thesales-to-listingratiofordetachedinVancouverEast, at39%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 15% VS2021
▲ 18% VS2021
▼ 6% VS2021
▼ 28% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 51% 245 481
%Change
%Change
No. 29% 117 408
TOTALLISTINGS TOTALSALES
39% 176 453
15% 18% -24% -28% -6%
35% 50% 11%
ThedetachedmedianpriceinMarchwas$2,089,000,a 4%decreasefromFebruaryand18%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
-0.9% -4%
$2,156,301 $2,165,000
Theaveragesoldpricewas$2,137,891,0.9%belowlast monthandup15%toMarch2021.
$2,137,891 $2,089,000
$1,865,914 $1,768,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
635
684 663
1.79
1.771.73
480
566
1.72
1.70
508
1.63
453
408
481
390
422
332
317
221
245
191
144
135
136
176
126
154
17
101
94
65
$2.09M $2.17M
$2.10M
$1.88M
$1.85M
$1.85M
$1.85M
$1.80M
$1.77M
$1.77M
$1.75M
$1.72M
$1.69M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
140
100%+
120
100
80
58%
50%
47%
60
40
26%
20
10%
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
1 0 n/a
2 3 150%
15 7 47%
131 66 50%
114 66 58%
98 25 26%
92 9 10%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
41
Made with FlippingBook - professional solution for displaying marketing and sales documents online