westvancouver DETACHED-MARCH 202
SALESTO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY Therewere337detachedlistingsinWestVancouverin March,3%aboveFebruaryand4%lowerthanMarch 2021. Marchdetachedhomesalesincreasedby9% month-over-month,to63,andwere36%belowMarch 2021. Thesales-to-listingratiofordetachedinWestVancouver, at19%,reflectedabalancedmarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▼ 8% VS2021
▲ 2% VS2021
▼ 4% VS2021
▼ 36% VS2021
THISMONTH No. $3,520,490 $3,000,000 19% 63 337
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
$3,812,655 $2,939,000 28% 98 350
-33% -36% -4%
5% 9% 3%
$3,479,900 $2,957,500 18% 58 327
ThedetachedmedianpriceinMarchwas$3,000,000,a 1.4%increasefromFebruaryand2%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
1.2% 1.4%
Theaveragesoldpricewas$3,520,490,1.2%abovelast monthanddown8%toMarch2021.
-8% 2%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
436
420
465 467
436
414
403 363
2.82
327
337
350
296
276
1.93
1.84
1.70
79
98
61
59 54
58
41 41
43 41
1.51
63
32
1.41
60
$3.20M
$3.14M
$3.13M
$3.15M
$3.04M
$3.00M $2.96M
$2.94M
$2.94M
$2.95M
$2.90M
$2.70M
$2.63M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
300
100%+
250
200
150
45%
100
50
12%
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
3 0 n/a
1 0 n/a
4 0 n/a
11 13 118%
38 17 45%
280 33 12%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
48
Made with FlippingBook - professional solution for displaying marketing and sales documents online