vancouverregion CONDO-DECEMBER 2021
SALESTO LISTINGSRATIO 73% SELLERS'MARKET
▶ MARKETSUMMARY Therewere2,767condolistingsintheVancouverRegion inDecember,32%belowNovemberand51%lowerthan December2020. Decembercondosalesdecreasedby18% month-over-month,to2,011,andwere4%above December2020. Thesales-to-listingratioforcondosintheVancouver Region,at73%,reflectedaselers'market. ThecondomedianpriceinDecemberwas$627,500,a 1.2%increasefromNovemberand18%aboveDecember 2020. Theaveragesoldpricewas$703,494,1.9%abovelast month;theaveragePSFsalepricewas$824,up2.0%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 16% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 16% VS2020
▲ 18% VS2020
▼ 51% VS2020
▲ 4% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
2,011 2,767
1,936 5,697
16% 16% 18% 114% 4% -51%
2,443 4,070
2% 1.9% 1.2% 21% -18% -32%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$824 $703,494 $627,500 73%
$710 $607,086 $530,000 34%
$808 $690,463 $619,900 60%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2020 ● DEC 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
5,628
5,595
5,697
6,051
5,302
6,001
5,830
5,402
5,355
5,103
4,070
4,615
3,507
2,829
2,443
2,363
2,980
2,230
2,767
2,435
2,402
1,936
2,234
2,193
2,01
1,560
$628K
$620K
$608K
$598K
$588K
$590K
$585K
$583K
$574K
$575K
$550K
$542K
$530K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
800
30 8
100%+ 100%+ 100%+
700
4+bdrms
600
500
112
3bdrms
400
383
50%
41%
300
1,187
26%
200
22%
2bdrms
1,594
100
5%
0
704
<$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
140 142 101%
515 749 145%
602 625 104%
540 271 50%
268 110 41%
195 51 26%
216 47 22%
291 16 5%
760
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