vancouverregion DETACHED-JANUARY 202
SALESTO LISTINGSRATIO 35% SELLERS'MARKET
▶ MARKETSUMMARY Therewere3,318detachedlistingsintheVancouver RegioninJanuary,6%aboveDecemberand22%lower thanJanuary2021. Januarydetachedhomesalesdecreasedby23% month-over-month,to1,155,andwere22%below January2021. Thesales-to-listingratiofordetachedintheVancouver Region,at35%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$1,850,000,a 9%increasefromDecemberand38%aboveJanuary 2021. Theaveragesoldpricewas$2,124,345,8%abovelast monthandup33%toJanuary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 33% VS2021
▲ 38% VS2021
▼ 22% VS2021
▼ 22% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,155 3,318
1,487 4,281
33% 38% 0.2% -22% -22%
1,492 3,120
-27% -23% 6%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,124,345 $1,850,000 35%
$1,971,851 $1,690,238 48%
$1,602,206 $1,345,000 35%
8% 9%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,567
7,107
7,331
5,965
1.96
5,397
6,236
1.88
1.87
5,531
4,181
4,281
4,694
4,502
3,503
1.51
1.46
3,318
2,749
3,120
1.32
3,039
1,881
1,795
2,417
2,227
1,487
1,899
1,790
1,697
1,155
1,492
$1.85M
$1.69M
$1.69M
$1.60M
$1.54M
$1.50M
$1.48M $1.41M
$1.48M
$1.45M
$1.46M
$1.45M
$1.35M
Jan-21
Dec-21
Jan-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
1200
1000
75%
800
54%
49%
48%
48%
600
44%
29%
400
26%
200
10%
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+ 1,339 139 10%
S-LRATIO SALES INVENTORY
65 31 48%
24 7 29%
48 21 44%
97 52 54%
265 130 49%
588 442 75%
445 215 48%
447 118 26%
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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