vancouverregion DETACHED-MARCH 202
SALESTO LISTINGSRATIO 43% SELLERS'MARKET
▶ MARKETSUMMARY Therewere5,479detachedlistingsintheVancouver RegioninMarch,19%aboveFebruaryand8%lowerthan March2021. Marchdetachedhomesalesincreasedby32% month-over-month,to2,331,andwere33%belowMarch 2021. Thesales-to-listingratiofordetachedintheVancouver Region,at43%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 20% VS2021
▲ 23% VS2021
▼ 8% VS2021
▼ 33% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
2,331 5,479
3,503 5,965
20% 23% -28% -33% -8%
-3% -3% 11% 32% 19%
1,762 4,586
ThedetachedmedianpriceinMarchwas$1,825,000,a 3%decreasefromFebruaryand23%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,138,379 $1,885,000 38%
$2,078,478 $1,825,000 43%
$1,738,695 $1,480,000 59%
Theaveragesoldpricewas$2,078,478,3%belowlast monthandup20%toMarch2021.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,567
7,107
7,331
1.90
5,397
6,236
1.84
1.83
5,479
5,965
5,531
4,586
4,181
4,694
1.51
1.49
3,503
2,749
1.37
3,318
3,120
3,039
1,879
2,331
1,795
2,227
1,899
1,789
1,762
1,697
1,492
1,152
$1.83M $1.89M
$1.85M
$1.69M
$1.69M
$1.60M
$1.54M
$1.50M
$1.48M
$1.48M
$1.46M
$1.45M
$1.45M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1500
72%
64%
1000
61%
57%
57%
52%
33%
500
24%
17%
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+ 1,660 275 17%
S-LRATIO SALES INVENTORY
86 55 64%
38 9 24%
77 44 57%
160 115 72%
589 306 52%
1,396 857 61%
785 446 57%
688 224 33%
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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