greatervancouverboardarea CONDO-JANUARY 202
SALESTO LISTINGSRATIO 52% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 17% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 17% VS2021
▲ 21% VS2021
▼ 41% VS2021
▲ 11% VS2021
Therewere2,545condolistingsintheGreater VancouverboardareainJanuary,6%aboveDecember and41%lowerthanJanuary2021. Januarycondosalesdecreasedby10% month-over-month,to1,321,andwere11%above January2021. Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at52%,reflectedaselers'market. ThecondomedianpriceinJanuarywas$725,000,a7% changefromDecemberand21%aboveJanuary2021. Theaveragesoldpricewas$806,031,6%abovelast month;theaveragePSFsalepricewas$936,up6%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,321 2,545
1,189 4,288
17% 17% 21% 87% 11% -41%
1,464 2,395
-15% -10% 6%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$936 $806,031 $725,000 52%
$799 $689,841 $598,000 28%
$886 $760,685 $680,000 61%
6% 6% 7%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 2021 ● JAN 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,486
4,397
4,714 4,780
4,288
4,465
4,210
4,165
4,166
3,41
3,837
2,689
2,545
2,048
1,827
1,808
2,395
2,283
1,786
1,766
1,678
1,632 1,631
1,189
1,464 1,321
$725K
$680K
$668K
$655K
$655K
$650K
$645K
$637K
$638K
$635K
$635K
$619K
$598K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
600
8
4+bdrms
500
30
80% 78%
400
69%
84
3bdrms
369
300
40%
32%
200
754
22%
2bdrms
16%
1,354
100
8%
0
475
<$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
90 36 40%
390 311 80%
594 463 78%
452 311 69%
282 91 32%
218 48 22%
225 37 16%
294 24 8%
792
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
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