the rennie review - January 2023

vancouverregion DETACHED -DECEMBER 202

SALESTO LISTINGSRATIO 13% BALANCEDMARKET

▶ MARKETSUMMARY Therewere4,785 detached listingsin theVancouver Region in D ecem ber,19% below N ovem berand 52% higherthan D ecem ber2021. D ecem berdetached hom esalesdecreased by 21% m onth-over-m onth,to636,and were57% below D ecem ber2021. Thesales-to-listing ratio fordetached in the Vancouver Region,at13% ,reflected abalanced m arket. Thedetachedm edian pricein D ecem berwas$1,500,000, a0.0% increasefrom N ovem berand 11% below D ecem ber2021. Theaveragesold pricewas$1,745,664,0.9% abovelast m onth and down 11% toD ecem ber2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 11% VS2021

▼ 11% VS2021

▲ 52% VS2021

▼ 57% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

%Change

No.

TOTALLISTINGS TOTALSALES

13% 636 4,785

1,489 3,152

-11% -11% -72% -57% 52%

0.9% 0% -1.8% -21% -19%

14% 804 5,942

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,971,540 $1,690,000 47%

$1,730,468 $1,499,950

$1,745,664 $1,500,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

7,630

7,232

6,847

7,416

6,495

6,997

5,942

1.88

5,512 6,329

1.79

1.74

4,609

4,785

1.46

1.40

1.38

3,152

3,341

2,313

1,085

1,489

906

1,749

888

804

1,565

1,282

1,146

636

874

857

$1.83M $1.80M $1.73M $1.85M $1.89M

$1.69M

$1.65M $1.60M $1.53M $1.52M $1.54M $1.50M $1.50M

Dec-21

Nov-22

Dec-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1400

1200

1000

800

600

34%

33%

32%

31%

400

21%

15%

12%

200

6%

4%

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+ 1,427 62 4%

S-LRATIO SALES INVENTORY

106 33 31%

59 19 32%

162 53 33%

290 98 34%

551 114 21%

1,017 149 15%

600 73 12%

573 35 6%

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