the rennie review - January 2022

vancouvereast CONDO-DECEMBER 2021

SALESTO LISTINGSRATIO 59% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 12% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 10% VS2020

▲ 0.2% VS2020

▼ 39% VS2020

▼ 4% VS2020

Therewere246condolistingsinVancouverEastin December,30%belowNovemberand39%lowerthan December2020. Decembercondosalesdecreasedby17% month-over-month,to144,andwere4%below December2020. Thesales-to-listingratioforcondosinVancouverEast,at 59%,reflectedaselers'market. ThecondomedianpriceinDecemberwas$616,750,a 4%decreasefromNovemberand0.3%aboveDecember 2020. Theaveragesoldpricewas$696,251,0.03%abovelast month;theaveragePSFsalepricewas$929,up4%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 37% 150 404

%Change

No. 50% 174 350

%Change

TOTALLISTINGS TOTALSALES

59% 144 246

12% 10% 0.3% 58% -4% -39%

4% 0% -4% 18% -17% -30%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$929 $696,251 $616,750

$895 $696,046 $641,500

$833 $633,499 $615,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2020 ● DEC 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

427

447

421

382

404

425

314 365

411

350

384

373

367

224

246

244

178

174

221

185

150

144

158 155

154

98

$662K

$645K

$642K

$634K

$630K

$630K

$633K

$630K

$622K

$615K

$617K

$603K

$600K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

70

100%+

4+bdrms

60

89%

4

88%

50

70%

5

40

3bdrms

26

30

20

63

22% 25%

2bdrms

133

10

8%

0

76

<$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

10 7 70%

49 56 114%

56 50 89%

68 15 22%

32 8 25%

13 1 8%

8 7 88%

10 0 n/a

83

Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 43 ●

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