vancouverwest DETACHED-MARCH 202
SALESTO LISTINGSRATIO 21% BALANCEDMARKET
▶ MARKETSUMMARY Therewere602detachedlistingsinVancouverWestin March,11%aboveFebruaryand12%higherthanMarch 2021. Marchdetachedhomesalesincreasedby22% month-over-month,to124,andwere13%belowMarch 2021. Thesales-to-listingratiofordetachedinVancouverWest, at21%,reflectedabalancedmarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 1.0% VS2021
▼ 0.2% VS2021
▲ 12% VS2021
▼ 13% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 27% 143 537
%Change
%Change
No. 19% 102 544
TOTALLISTINGS TOTALSALES
21% 124 602
1% -0.3% -23% -13% 12%
5% -4% 10% 22% 11%
ThedetachedmedianpriceinMarchwas$3,507,500,a 4%decreasefromFebruaryand0.3%belowMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$3,887,293 $3,655,000
Theaveragesoldpricewas$4,085,419,5%abovelast monthandup1%toMarch2021.
$4,085,419 $3,507,500
$4,043,900 $3,518,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
736
770
742
729 727
626
675
2.30
602
2.25
635
537
2.13
544
530
507
1.86
1.84
1.78
140
15
109
100
102
143
124
65
17
92
73 83
78
$3.67M
$3.51M $3.66M
$3.58M
$3.55M
$3.52M
$3.36M
$3.30M
$3.30M
$3.20M
$3.20M
$3.21M
$3.14M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
500
100%
400
58%
300
37%
200
18%
17%
100
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 1 100%
1 0 n/a
6 1 17%
12 7 58%
54 20 37%
528 95 18%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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