the rennie review - January 2022

vancouverwest TOWNHOME-DECEMBER 2021

SALESTO LISTINGSRATIO 30% SELLERS'MARKET

▶ MARKETSUMMARY Therewere141townhomelistingsinVancouverWestin December,21%belowNovemberand22%lowerthan December2020. Decembertownhomesalesdecreasedby21% month-over-month,to42,andwere24%above December2020. Thesales-to-listingratiofortownhomesinVancouver West,at30%,reflectedaselers'market. ThetownhomemedianpriceinDecemberwas $1,457,000,a9%decreasefromNovemberand17% aboveDecember2020. Theaveragesoldpricewas$1,558,094,9%belowlast month;theaveragePSFsalepricewas$1,106,down4% tolastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 21% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 16% VS2020

▲ 17% VS2020

▼ 22% VS2020

▲ 24% VS2020

THISMONTH No. $1,106 $1,558,094 $1,457,000 30% 42 141

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$914 $1,345,169 $1,244,000 19% 34 180

21% 16% 17% 58% 24% -22%

$1,148 $1,711,051 $1,594,000 30% 53 179

0.6% -21% -21%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

-4% -9% -9%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● DEC 2020 ● DEC 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

231

227 227

222

222

187

179

176

180

185

180

171

141

97

96

90

73

53

60

57

57

42

54

34

46

34

$1.59M

$1.51M

$1.49M

$1.46M

$1.45M

$1.45M

$1.41M

$1.38M

$1.32M

$1.32M

$1.31M

$1.28M

$1.24M

VANCOUVERWEST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

60

1

100%

100%+

50

4+bdrms

13

40

18

3bdrms

56%

30

77

43%

20

20

23%

2bdrms

15%

43

10

0

3

<$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

1 0 n/a

3 3 100%

9 5 56%

3 5 167%

21 9 43%

56 13 23%

48 7 15%

8

Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 45 ●

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