vancouvereast CONDO -OCTOBER 202
SALES TO LISTINGSRATIO 27% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere381 condolistingsin VancouverEastin O ctober,3% aboveSeptem berand 4% higherthan October2021. O ctobercondosalesincreased by23% m onth-over-m onth,to 103,and were42% below O ctober 2021. Thesales-to-listing ratio forcondosin VancouverEast,at 27% ,reflected aselers'm arket. Thecondom edian pricein Octoberwas$655,000,a7% increasefrom Septem berand 1.1% below O ctober2021. Theaveragesold pricewas$688,102,0.0% below last m onth;theaveragePSF salepricewas$943,up 1.0% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 4% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2021
▼ 1.1% VS 2021
▲ 4% VS 2021
▼ 42% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 48% 178 368
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
27% 103 381
4% -3% -1.1% -44% -42% 4%
$934 $688,415 $612,500 23% 84 371
19% 23% 3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$943 $688,102 $655,000
1% 0% 7%
$909 $712,011 $662,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2021 ● OCT 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
381
351
399
368
392
394
371
319
368
355
240 328
275
247
174
170
178
191
139
178
144 142
103
101
89
84
$690K $709K $680K $686K $670K $680K $685K
$662K $642K $617K
$616K $613K $655K
VANCOUVEREAST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
4+ bdrms
4
100
80
2
3 bdrms
35
60
40%
34%
40
46
23%
2 bdrms
175
20
10%
0
55
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
5 0 n/a
86 34 40%
128 44 34%
95 22 23%
30 3 10%
11 0 n/a
16 0 n/a
10 0 n/a
167
Copyright© Novem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 46 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online