the rennie review - February 2022

greatervancouverboardarea DETACHED-JANUARY 202

SALESTO LISTINGSRATIO 28% SELLERS'MARKET

▶ MARKETSUMMARY Therewere2,264detachedlistingsintheGreater VancouverboardareainJanuary,2%aboveDecember and18%lowerthanJanuary2021. Januarydetachedhomesalesdecreasedby21% month-over-month,to626,andwere15%belowJanuary 2021. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at28%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$1,990,400,a 8%increasefromDecemberand31%aboveJanuary 2021. Theaveragesoldpricewas$2,308,718,6%abovelast monthandup27%toJanuary2021.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 27% VS2021

▲ 31% VS2021

▼ 18% VS2021

▼ 15% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

28% 626 2,264

27% 738 2,761

27% 31% 3% -15% -18%

36% 793 2,211

-23% -21% 2%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,174,193 $1,850,000

6% 8%

$2,308,718 $1,990,400

$1,824,182 $1,519,000

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

4,523

4,739

4,387

3,661

3,656

1.92

4,051

1.90

1.81

3,688

2,875

3,180

2,761

2,905

1.55

1,960

2,264

1.45

1,652

2,21

1.36

1,264

1,093

985

1,422

1,222

738

1,044

936 950

626

793

$1.99M

$1.85M

$1.85M

$1.76M

$1.70M

$1.67M

$1.65M $1.60M

$1.63M

$1.63M

$1.65M

$1.61M

$1.52M

Jan-21

Dec-21

Jan-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1000

800

64%

64%

57%

600

52%

41%

41%

400

32%

25%

200

9%

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+ 1,067 101 9%

S-LRATIO SALES INVENTORY

22 14 64%

19 6 32%

29 15 52%

40 23 58%

123 50 41%

329 210 64%

301 124 41%

334 83 25%

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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