vancouvereast DETACHED -DECEMBER 202
SALESTO LISTINGSRATIO 11% BUYERS'MARKET
▶ MARKETSUMMARY Therewere354 detached listingsin VancouverEastin D ecem ber,14% below N ovem berand 12% higherthan D ecem ber2021. D ecem berdetached hom esalesdecreased by 22% m onth-over-m onth,to39,and were59% below D ecem ber2021. Thesales-to-listing ratio fordetached in VancouverEast, at11% ,reflected abuyers'm arket. Thedetachedm edian pricein D ecem berwas$1,718,800, a1.3% increasefrom N ovem berand 7% below D ecem ber 2021. Theaveragesold pricewas$1,761,049,3% below last m onth and down 11% toD ecem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 11% VS2021
▼ 7% VS2021
▲ 12% VS2021
▼ 59% VS2021
THISMONTH No. $1,761,049 $1,718,800 11% 39 354
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
$1,971,702 $1,850,000 30% 94 317
-11% -7% -63% -59% 12%
-3% 1.3% -9% -22% -14%
$1,815,674 $1,697,500 12% 50 411
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
531
516
565
545
456
454
1.85
485
480
409
41
1.71
1.67
1.62
1.62
1.58
354
317
332
176
94
75
66
94
16
50
10
39
65
59
54
55
$2.09M $2.07M $1.94M $2.10M $2.17M
$1.86M $1.79M $1.77M
$1.85M
$1.66M $1.71M $1.70M $1.72M
Dec-21
Nov-22
Dec-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100
80
60
40
31%
26%
17%
20
7%
1%
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 0 n/a
1 0 n/a
6 1 17%
16 5 31%
100 26 26%
87 6 7%
81 1 1%
62 0 n/a
Copyright© January4,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJanuary4,2023.Aldatafrom RealEstateBoard ofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
44
Made with FlippingBook - professional solution for displaying marketing and sales documents online