vancouverwest DETACHED-JANUARY 202
SALESTO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY Therewere507detachedlistingsinVancouverWestin January,4%belowDecemberand24%higherthan January2021. Januarydetachedhomesalesdecreasedby17% month-over-month,to65,andwere1.5%belowJanuary 2021. Thesales-to-listingratiofordetachedinVancouverWest, at13%,reflectedabalancedmarket. ThedetachedmedianpriceinJanuarywas$3,205,000,a 10%decreasefromDecemberand3%belowJanuary 2021. Theaveragesoldpricewas$4,024,255,10%abovelast monthandup8%toJanuary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 8% VS2021
▼ 3% VS2021
▲ 24% VS2021
▼ 1.5% VS2021
THISMONTH No. $4,024,255 $3,205,000 13% 65 507
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$3,710,445 $3,305,000 16% 66 410
8% -3% -20% -1.5% 24%
$3,642,712 $3,550,000 15% 78 530
10% -10% -13% -17% -4%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
736
770
742
729
727
626
675
2.41
635
2.34
537
507
2.12
530
410
415
1.72
1.70
1.64
143
140
15
109
100
17
66
65
92
87
73
83
78
$3.67M
$3.58M
$3.55M
$3.52M $3.28M
$3.36M
$3.31M
$3.30M
$3.30M
$3.20M
$3.20M
$3.21M
$3.14M
Jan-21
Dec-21
Jan-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
400
300
64%
53%
200
25%
100
8%
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
2 0 n/a
4 1 25%
11 7 64%
36 19 53%
454 38 8%
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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