the rennie review - April 2022

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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