westvancouver DETACHED-JANUARY 202
SALESTO LISTINGSRATIO 12% BUYERS'MARKET
▶ MARKETSUMMARY Therewere276detachedlistingsinWestVancouverin January,7%belowDecemberand12%lowerthanJanuary 2021. Januarydetachedhomesalesdecreasedby20% month-over-month,to33,andwere14%aboveJanuary 2021. Thesales-to-listingratiofordetachedinWestVancouver, at12%,reflectedabuyers'market. ThedetachedmedianpriceinJanuarywas$3,080,000,a 1.9%decreasefromDecemberand0.6%belowJanuary 2021. Theaveragesoldpricewas$3,475,818,0.1%abovelast monthanddown13%toJanuary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▼ 13% VS2021
▼ 0.6% VS2021
▼ 12% VS2021
▲ 14% VS2021
THISMONTH No. $3,475,818 $3,080,000 12% 33 276
PREVIOUSYEAR
PREVIOUSMONTH
No. 9% 29 315
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
-13% -0.6% 30% 14% -12%
$3,473,826 $3,140,000 14% 41 296
0.1% -1.9% -14% -20% -7%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$3,983,545 $3,100,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
436
420
467
465
436
363
414
2.35
403
350
315
2.02
310
2.01
276
296
1.61
1.59
1.46
98
79
75
61
59
54
41 41
43 41
60
33
29
$3.20M
$3.13M
$3.15M
$3.14M
$3.10M
$3.08M
$2.94M $3.03M
$2.94M
$2.95M
$2.90M
$2.70M
$2.63M
Jan-21
Dec-21
Jan-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100%
200
150
100
33%
29%
23%
50
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
1 1 100%
1 0 n/a
7 2 29%
15 5 33%
31 7 23%
221 18 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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