the rennie review - April 2022

vancouvereast TOWNHOME-MARCH 202

SALESTO LISTINGSRATIO 72% SELLERS'MARKET

▶ MARKETSUMMARY Therewere61townhomelistingsinVancouverEastin March,45%aboveFebruaryand40%lowerthanMarch 2021. Marchtownhomesalesincreasedby47% month-over-month,to44,andwere28%belowMarch 2021. Thesales-to-listingratiofortownhomesinVancouver East,at72%,reflectedaselers'market. ThetownhomemedianpriceinMarchwas$1,178,500,a 7%decreasefromFebruaryand14%aboveMarch2021. Theaveragesoldpricewas$1,177,733,8%belowlast month;theaveragePSFsalepricewas$919,down9%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 10% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 11% VS2021

▲ 14% VS2021

▼ 40% VS2021

▼ 28% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

44 61

$834 $1,064,228 $1,030,000 60% 61 101

10% 11% 14% 19% -28% -40%

30 42

-9% -8% -7% 1% 47% 45%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$919 $1,177,733 $1,178,500 72%

$1,005 $1,285,438 $1,270,000 71%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 2021 ● MAR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

100

99

101

105

99

83

88

83 86

61

61

54

51

48

44

44

42

39

51

34

43

42

38

30

27

24

$1.18M $1.27M

$1.15M

$1.08M

$1.07M

$1.05M

$1.04M

$1.04M

$1.03M

$1.00M

$978K

$955K

$950K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

20

4

100%+

4+bdrms

91%

7

15

22

57%

3bdrms

39

50%

10

40%

17

5

2bdrms

11

0

1

<$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

1 0 n/a

6 3 50%

11 10 91%

8 15 188%

21 12 57%

10 4 40%

4 0 n/a

4

Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 42 ●

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