the rennie review - December 2021

vancouvereast TOWNHOME-NOVEMBER 2021

SALESTO LISTINGSRATIO 52% SELLERS'MARKET

▶ MARKETSUMMARY Therewere84townhomelistingsinVancouverEastin November,6%belowOctoberand12%lowerthan November2020. Novembertownhomesalesincreasedby5% month-over-month,to44,andwere33%above November2020. Thesales-to-listingratiofortownhomesinVancouver East,at52%,reflectedaselers'market. ThetownhomemedianpriceinNovemberwas $1,065,900,a8%decreasefromOctoberand9%above November2020. Theaveragesoldpricewas$1,122,391,0.2%abovelast month;theaveragePSFsalepricewas$859,down5%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 8% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 12% VS2020

▲ 9% VS2020

▼ 12% VS2020

▲ 33% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

44 84

33 95

8% 12% 9% 51% 33% -12%

42 89

-5% 0.2% -8% 11% 5% -6%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$859 $1,122,391 $1,065,900 52%

$795 $998,408 $975,000 35%

$902 $1,119,808 $1,152,500 47%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2020 ● NOV 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

100

99

95

105

101

99

84

89

86

83

61

54

65 65 66

51

48

39

44

31

43

42

33

34

27

17

$1.15M

$1.07M

$1.03M $1.06M

$1.05M

$1.04M

$1.04M

$975K

$978K

$955K

$950K

$928K

$760K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

3

100%

25

4+bdrms

15

20

32

63%

3bdrms

15

52% 55%

44

50%

10

9

2bdrms

5

23

0

<$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

1 0 n/a

1 1 100%

5 0 n/a

27 17 63%

21 11 52%

22 12 55%

6 3 50%

1 0 n/a

2

Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 42 ●

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