greatervancouverboardarea DETACHED-MARCH 202
SALESTO LISTINGSRATIO 40% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 16% VS2021
▲ 21% VS2021
▼ 11% VS2021
▼ 34% VS2021
Therewere3,253detachedlistingsintheGreater VancouverboardareainMarch,16%aboveFebruaryand 11%lowerthanMarch2021. Marchdetachedhomesalesincreasedby29% month-over-month,to1,300,andwere34%belowMarch 2021. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at40%,reflectedaselers'market. ThedetachedmedianpriceinMarchwas$2,000,000,a 0.7%decreasefromFebruaryand21%aboveMarch 2021. Theaveragesoldpricewas$2,277,636,0.4%belowlast monthandup16%toMarch2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
1,300 3,253
1,960 3,661
16% 21% -25% -34% -11%
11% 29% 16%
1,010 2,798
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,287,632 $2,013,500 36%
$2,277,636 $2,000,000 40%
$1,958,046 $1,650,000 54%
-0.4% -0.7%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,523
4,739
4,387
3,656
1.83
4,051
1.82
1.74
3,688
3,661
3,253
2,875
2,798
3,180
1.59
1.54
1.44
1,960
2,264
1,652
2,21
1,264
1,092
1,010
985
1,300
1,422
1,044
935
950
793
625
$2.00M $2.01M
$1.99M
$1.85M
$1.85M
$1.76M
$1.70M
$1.67M
$1.65M
$1.65M
$1.63M
$1.63M
$1.61M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
1200
85%
1000
66%
65%
64%
800
62%
59%
600
33%
30%
400
17%
200
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+ 1,295 217 17%
S-LRATIO SALES INVENTORY
29 19 66%
30 9 30%
40 26 65%
53 45 85%
215 127 59%
669 414 62%
450 289 64%
472 154 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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