vancouverwest CONDO -NOVEMBER 202
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY Therewere549 condolistingsin VancouverW estin N ovem ber,3% below O ctoberand 0.5% lowerthan N ovem ber2021. N ovem bercondosalesdecreased by5% m onth-over-m onth,to 105,and were46% below N ovem ber2021. Thesales-to-listing ratio forcondosin VancouverW est, at19% ,reflected abalanced m arket. Thecondom edian pricein N ovem berwas$880,000,a 3% increasefrom O ctoberand 1.7% aboveN ovem ber 2021. Theaveragesold pricewas$1,020,720,5% abovelast m onth;theaveragePSF salepricewas$1,056,down 3% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 0.7% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 8% VS 2021
▲ 1.7% VS 2021
▼ 0.5% VS 2021
▼ 46% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 35% 195 552
% Change
No. 20% 111 568
% Change
TOTALLISTINGS TOTALSALES
19% 105 549
-0.7% 8% 1.7% -46% -46% -0.5%
-3% 5% 3% -2% -5% -3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,056 $1,020,720 $880,000
$1,091 $976,621 $856,000
$1,064 $943,189 $865,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2021 ● NOV 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
594
621
568
565
565
552
549
521
513
427
475
446
398
276
213
195
145
217
214
1
167
145
144
105
142
92
$908K $858K $884K $859K
$865K $899K $890K $923K $879K
$849K $843K $856K $880K
VANCOUVERW EST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
4+ bdrms
100
8
80
15
3 bdrms
60
85
39%
40
31%
28%
53
2 bdrms
16%
14%
291
20
6% 8%
0
37
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
0 1 n/a
28 11 39%
103 32 31%
115 18 16%
72 20 28%
90 13 14%
77 5 6%
8%
165
64 5
Copyright© Decem ber5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofDecem ber5,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 50 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online