greatervancouverboardarea DETACHED-DECEMBER 2021
SALESTO LISTINGSRATIO 36% SELLERS'MARKET
▶ MARKETSUMMARY Therewere2,212detachedlistingsintheGreater VancouverboardareainDecember,23%below Novemberand23%lowerthanDecember2020. Decemberdetachedhomesalesdecreasedby19% month-over-month,to798,andwere22%below December2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at36%,reflectedaselers'market. ThedetachedmedianpriceinDecemberwas$1,850,000, a0%changefromNovemberand23%aboveDecember 2020. Theaveragesoldpricewas$2,174,586,0.6%belowlast monthandup23%toDecember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 23% VS2020
▲ 23% VS2020
▼ 23% VS2020
▼ 22% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
36% 798 2,212
1,020 2,864
23% 23% 1.3% -22% -23%
34% 987 2,877
-0.6% 0% 5% -19% -23%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,774,621 $1,500,000 36%
$2,187,893 $1,850,000
$2,174,586 $1,850,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,525
4,742
4,390
3,664
3,657
1.90
4,053
1.85
1.84
3,689
2,877
3,182
2,864
2,905
2,762
1.50
1,960
1.43
1.39
1,652
2,212
1,264
1,093
987
1,422
1,020
1,223
798
1,044
937 950
739
$1.85M
$1.85M
$1.76M
$1.70M
$1.67M
$1.65M $1.60M
$1.65M
$1.63M
$1.63M
$1.61M
$1.52M
$1.50M
Dec-20
Nov-21
Dec-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1200
100%+ 100%+
97%
1000
81%
800
63%
600
44%
400
30%
26%
200
11%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+ 1,107 119 11%
S-LRATIO SALES INVENTORY
30 9 30%
19 12 63%
27 22 81%
33 42 127%
78 107 137%
272 264 97%
308 136 44%
338 87 26%
Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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