the rennie review - February 2022

vancouvereast CONDO-JANUARY 202

SALESTO LISTINGSRATIO 52% SELLERS'MARKET

▶ MARKETSUMMARY Therewere275condolistingsinVancouverEastin January,11%aboveDecemberand26%lowerthan January2021. Januarycondosalesdecreasedby1.4% month-over-month,to142,andwere45%aboveJanuary 2021. Thesales-to-listingratioforcondosinVancouverEast,at 52%,reflectedaselers'market. ThecondomedianpriceinJanuarywas$689,950,a12% changefromDecemberand9%aboveJanuary2021. Theaveragesoldpricewas$732,142,5%abovelast month;theaveragePSFsalepricewas$960,up3%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 10% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 8% VS2021

▲ 9% VS2021

▼ 26% VS2021

▲ 45% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 58% 144 247

%Change

TOTALLISTINGS TOTALSALES

52% 142 275

$874 $680,154 $634,000 26% 98 373

10% 8% 9% 97% 45% -26%

3% 5% 12% -11% -1.4% 11%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$960 $732,142 $689,950

$929 $696,251 $616,750

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 2021 ● JAN 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

427

447

421

382

425

314 365

41

351

373

384

368

275

224

247

244

178

174

221

185

142

158 155 154

144

98

$690K

$662K

$645K

$642K

$634K

$630K

$630K

$633K

$630K

$622K

$617K

$603K

$600K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

80

1

70

4+bdrms

4

87%

60

76%

50

5

3bdrms

40

35

49%

30

69

20

2bdrms

18%

18%

135

11%

10

8%

0

67

<$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

11 2 18%

55 42 76%

62 54 87%

76 37 49%

35 4 11%

12 1 8%

13 0 n/a

11 2 18%

101

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 43 ●

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