the rennie review - April 2022

westvancouver CONDO-MARCH 202

SALESTO LISTINGSRATIO 20% BALANCEDMARKET

▶ MARKETSUMMARY Therewere45condolistingsinWestVancouverin March,15%aboveFebruaryand49%lowerthanMarch 2021. Marchcondosalesdecreasedby50%month-over-month, to9,andwere72%belowMarch2021.

AVERAGEPRICE

AVERAGE PSFPRICE ▼ 12% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▼ 28% VS2021

▼ 20% VS2021

▼ 49% VS2021

▼ 72% VS2021

THISMONTH No. $953 $1,055,500 $755,000 20% 9 45

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change -12% -29% -20% -44% -72% -49%

No.

%Change

Thesales-to-listingratioforcondosinWestVancouver, at20%,reflectedabalancedmarket.

TOTALLISTINGS TOTALSALES

32 89

18 39

-11% -19% -25% -57% -50% 15%

ThecondomedianpriceinMarchwas$755,000,a25% decreasefromFebruaryand20%belowMarch2021. Theaveragesoldpricewas$1,055,500,19%belowlast month;theaveragePSFsalepricewas$953,down11% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$1,083 $1,476,375 $939,250 36%

$1,074 $1,309,267 $1,011,500 46%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 2021 ● MAR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

84

89

82

81

69

57

48

57

51

45

36

28

18 39

32

21

21

32

20

20

19

19

19

18

9

13

$1.28M

$1.25M

$1.17M

$1.09M

$1.07M

$1.01M

$985K

$939K

$913K

$825K

$755K

$755K

$735K

WESTVANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

15

4+bdrms

1

10

60%

3bdrms

12

50%

50%

33%

5

4

2bdrms

19

6%

0

4

<$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

5 3 60%

4 2 50%

3 0 n/a

3 1 33%

4 2 50%

9 0 n/a

6%

14

17 1

Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 49 ●

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