the rennie review - January 2022

vancouvereast TOWNHOME-DECEMBER 2021

SALESTO LISTINGSRATIO 73% SELLERS'MARKET

▶ MARKETSUMMARY Therewere52townhomelistingsinVancouverEastin December,38%belowNovemberand20%lowerthan December2020. Decembertownhomesalesdecreasedby14% month-over-month,to38,andwere23%above December2020. Thesales-to-listingratiofortownhomesinVancouver East,at73%,reflectedaselers'market. ThetownhomemedianpriceinDecemberwas $1,000,700,a6%decreasefromNovemberand8%above December2020. Theaveragesoldpricewas$1,029,963,8%belowlast month;theaveragePSFsalepricewas$853,down0.7% tolastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 18% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 14% VS2020

▲ 8% VS2020

▼ 20% VS2020

▲ 23% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

38 52

31 65

18% 14% 8% 53% 23% -20%

44 84

-0.7% -8% -6% 40% -14% -38%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$853 $1,029,963 $1,000,700 73%

$720 $901,231 $927,500 48%

$859 $1,122,391 $1,065,900 52%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2020 ● DEC 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

100

99

105

101

99

84

89

83 86

61

65

54

66

65

51

48

44

39

52

43

42

38

31

34

27

17

$1.15M

$1.07M

$1.03M $1.06M

$1.05M

$1.04M

$1.04M

$1.00M

$978K

$955K

$950K

$928K

$760K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

9

100%+

15

4+bdrms

7

75%

10

64% 62%

18

60%

3bdrms

32

5

10

2bdrms

11

0

1

<$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

0 1 n/a

0 1 n/a

3 4 133%

16 12 75%

14 9 64%

13 8 62%

5 3 60%

1 0 n/a

2

Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 42 ●

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