greatervancouverboardarea CONDO-DECEMBER 2021
SALESTO LISTINGSRATIO 61% SELLERS'MARKET
▶ MARKETSUMMARY Therewere2,394condolistingsintheGreater VancouverboardareainDecember,30%below Novemberand46%lowerthanDecember2020. Decembercondosalesdecreasedby20% month-over-month,to1,466,andwere0.7%below December2020. Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at61%,reflectedaselers'market. ThecondomedianpriceinDecemberwas$680,000,a 1.9%increasefromNovemberand16%aboveDecember 2020. Theaveragesoldpricewas$760,668,2%abovelast month;theaveragePSFsalepricewas$886,up1.5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 14% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 14% VS2020
▲ 16% VS2020
▼ 46% VS2020
▼ 0.6% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,466 2,394
1,476 4,441
14% 14% 16% 84% -0.7% -46%
1,829 3,410
1.5% 2% 1.9% 14% -20% -30%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$886 $760,668 $680,000 61%
$779 $664,505 $586,725 33%
$872 $744,767 $667,500 54%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2020 ● DEC 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,486
4,397
4,441
4,714 4,780
4,465
4,288
4,210
4,165
4,166
3,410
3,836
2,689
2,048
1,829
1,808
2,394
2,283
1,476
1,786
1,766
1,466
1,678 1,632 1,631
1,189
$680K
$668K
$655K
$655K
$650K
$637K
$638K
$645K
$635K
$635K
$619K
$598K
$587K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
500
8
100%+
99%
4+bdrms
28
85%
400
89
300
3bdrms
352
51%
42%
200
846
26%
21%
2bdrms
100
1,364
5%
0
523
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
80 68 85%
353 418 118%
511 508 99%
513 260 51%
250 104 42%
187 49 26%
212 45 21%
288 14 5%
650
Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online