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%
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.
●
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online