vancouvereast DETACHED-JANUARY 202
SALESTO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY Therewere332detachedlistingsinVancouverEastin January,5%aboveDecemberand1.2%higherthan January2021. Januarydetachedhomesalesdecreasedby31% month-over-month,to65,andwere40%belowJanuary 2021. Thesales-to-listingratiofordetachedinVancouverEast, at20%,reflectedabalancedmarket. ThedetachedmedianpriceinJanuarywas$2,100,000,a 14%increasefromDecemberand21%aboveJanuary 2021. Theaveragesoldpricewas$2,149,280,9%abovelast monthandup17%toJanuary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 17% VS2021
▲ 21% VS2021
▲ 1.2% VS2021
▼ 40% VS2021
THISMONTH No. $2,149,280 $2,100,000 20% 65 332
PREVIOUSYEAR
PREVIOUSMONTH
No. 33% 108 328
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
17% 21% -41% -40% 1.2%
$1,971,702 $1,850,000 30% 94 317
9% 14% -34% -31% 5%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,841,414 $1,737,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
635
684
663
2.29
566
480
508
481
390
1.94
422
1.85
332
328
364
245
317
1.62
221
1.57
191
144
135 137
126
154
108
1.20
134
65
101
94
$2.10M
$1.88M
$1.85M
$1.85M
$1.85M
$1.80M
$1.77M $1.70M
$1.77M
$1.75M
$1.74M
$1.72M
$1.69M
Jan-21
Dec-21
Jan-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
80
60
40
31%
31%
20
20%
12%
5%
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+
S-LRATIO SALES INVENTORY
1 0 n/a
2 0 n/a
10 2 20%
80 25 31%
80 25 31%
74 9 12%
85 4 5%
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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