THE RENNIE ADVANCE sales
highlights • The Vancouver Region tallied only 1,963 MLS sales in December 2022, representing the 9th consecutive month of declining sales counts in the metro area. This was the lowest sales count of any December in over 20 years, save for 2008 (in the midst of the credit crisis), and was 39% below than the past-decade December average. • Notably, the November-to-December sales drop of 18% was entirely seasonal (with the past-decade month-over-month decline in sales at the end of the year also equalling 18%). Detached home sales fell off the most, at 21%, followed by townhomes at 18%, and condos at 17%. • For the full year 2022, there were 43,624 MLS sales in the Vancouver Region, 38% less than 2021’s record count of 70,644, and 14% below the past-decade average of 50,999.
DECEMBER 2022
1,000 1,500 2,000 2,500 3,000 3,500 4,000
- 57% vs Dec 2021
1,263 10 yr Dec Avg
DETACHED sales
0 500
2022 636
- 50% vs 10yr Dec Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
﹍ 10 yr December Average
● December
1,000 1,200 1,400 1,600
- 57% vs Dec 2021
0 200 400 600 800
590 10 yr Dec Avg
TOWNHOME sales
340
- 42% vs 10yr Dec Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
﹍ 10 yr December Average
● December
3,500
- 54% vs Dec 2021
3,000
2,500
2,000
1,315 10 yr Dec Avg
1,500
1,000
CONDO sales
931
0 500
- 29% vs 10yr Dec Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
﹍ 10 yr December Average
● December
Copyright © January 3, 2023 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 3, 2023. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
●
3
Made with FlippingBook - professional solution for displaying marketing and sales documents online