the rennie review - January 2022

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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