vancouverwest CONDO-JANUARY 202
SALESTO LISTINGSRATIO 34% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 17% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 16% VS2021
▲ 8% VS2021
▼ 24% VS2021
▲ 20% VS2021
Therewere427condolistingsinVancouverWestin January,7%aboveDecemberand24%lowerthanJanuary 2021. Januarycondosalesdecreasedby13% month-over-month,to145,andwere20%aboveJanuary 2021. Thesales-to-listingratioforcondosinVancouverWest, at34%,reflectedaselers'market. ThecondomedianpriceinJanuarywas$890,000,a1.0% changefromDecemberand8%aboveJanuary2021. Theaveragesoldpricewas$1,005,013,1.7%abovelast month;theaveragePSFsalepricewas$1,146,up6%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 21% 121 563
%Change
No. 42% 167 398
%Change
TOTALLISTINGS TOTALSALES
34% 145 427
17% 16% 8% 58% 20% -24%
6% 1.7% -1% -19% -13% 7%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$1,146 $1,005,013 $890,000
$1,085 $988,366 $899,000
$982 $869,960 $822,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 2021 ● JAN 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
653
697
693
602
688
646
552
563
609
597
562
427
398
274
251
236
212
208
209
195
260
204
145
179
121
167
$899K
$890K
$865K
$860K
$839K
$842K
$822K
$830K
$815K
$817K
$806K
$787K
$743K
VANCOUVERWEST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
2
4+bdrms
4
60
12
59%
3bdrms
40
65
50%
46% 47%
37%
20
68
2bdrms
19% 19%
227
7%
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
63
S-LRATIO SALES INVENTORY
2 1 50%
27 10 37%
68 40 59%
79 36 46%
62 29 47%
63 12 19%
70 13 19%
7%
<2bdrms
56 4
131
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 47 ●
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