vancouverregion CONDO-MARCH 202
SALESTO LISTINGSRATIO 77% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 19% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 18% VS2021
▲ 17% VS2021
▼ 24% VS2021
▼ 11% VS2021
Therewere4,074condolistingsintheVancouverRegion inMarch,13%aboveFebruaryand24%lowerthan March2021. Marchcondosalesincreasedby31%month-over-month, to3,117,andwere11%belowMarch2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheVancouver Region,at77%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
3,117 4,074
3,507 5,355
19% 18% 17% 17% -11% -24%
2,383 3,620
16% 31% 13%
ThecondomedianpriceinMarchwas$685,000,a1.4% decreasefromFebruaryand17%aboveMarch2021. Theaveragesoldpricewas$773,917,3%belowlast month;theaveragePSFsalepricewas$902,down1.5% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$902 $773,917 $685,000 77%
$758 $657,256 $585,200 65%
$916 $795,509 $695,000 66%
-1.5% -3% -1.4%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
5,628
6,051
5,302
6,001
5,830
5,355
5,103
4,072
4,617
4,074
3,620
3,507
3,17
2,829
2,441
2,363
2,230
2,966
2,980
2,769
2,401
2,383
2,234
2,192
2,007
1,733
$695K
$685K
$671K
$628K
$620K
$608K
$598K
$585K
$588K
$590K
$583K
$574K
$575K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1200
33 8
100%+
1000
4+bdrms
91%
84%
800
71%
203
57%
3bdrms
600
459
34%
400
1,710
24%
2bdrms
14%
2,250
200
0
1,196
<$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
157 112 71%
973 889 91%
1,034 1,135 110%
669 564 84%
370 212 57%
267 92 34%
283 67 24%
321 46 14%
1,332
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
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