FEBRUARY
2022
Princess Pan Real Estate Residential | Commercial
VANCOUVER BRITISH COLUM B I A www.PrincessPan.com
VANCOUVER
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | JANUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $2,500,000 $13,200,000+ $8,200,000 - $13,199,999 $7,200,000 - $8,199,999 $6,200,000 - $7,199,999
46
1
98
2
42
0
67
1
$5,200,000 - $6,199,999 $4,700,000 - $5,199,999
88
9 51
5
$4,200,000 - $4,699,999 $3,950,000 - $4,199,999
$3,700,000 - $3,949,999
50
6 27
5
$3,450,000 - $3,699,999
Buyer's Market 73
14
$2,700,000 - $2,949,999
Total Sales Ratio2: 14%
49
19
$2,600,000 - $2,699,999
1
Total Sales: 114
46
12
$2,950,000 - $3,199,999
Total Inventory: 822
54
13
$3,200,000 - $3,449,999
$2,500,000 - $2,599,999
81
14
24
7
26
6
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$2,796,500
3
2
8
86
9%
2,000 - 2,999
$3,145,000
4
3
38
227
17%
3,000 - 3,999
$3,380,000
5
5
33
165
20%
4,000 - 4,999
$3,960,000
5
6
17
135
13%
5,000 - 5,999
$4,870,000
5
6
11
94
12%
6,000+
$5,650,000
6
8
7
111
6%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
VANCOUVER
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
$3,250,000
688
$3,450,000
878
656 97
Jan-21
$3,321,500
153 Feb-21
$3,450,000
$3,350,000
1,181
1,222
$3,000,000
Inventory
$3,179,000
1,198
Solds
$3,268,000
$3,210,000
1,100
1,158
$3,398,400
$3,427,000
1,085
1,012
829 200
Mar-21
161 Apr-21
173 May-21
138
Jun-21
118
Jul-21
Aug-21
146
121
97
Sep-21
$3,550,000
Oct-21
822
787 139
Nov-21
$3,398,300
114
94 Dec-21
Jan-22
MEDIAN DATA REVIEW | JANUARY TOTAL INVENTORY Jan. 2021
Jan. 2022
688
TOTAL SOLDS Jan. 2021
Jan. 2022
822 VARIANCE: 19 %
114 VARIANCE: 18 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Jan. 2021
1,008
$
Jan. 2022
1,065 VARIANCE: 6 % $
97
Jan. 2021
SALES PRICE Jan. 2021
3.25m
$
Jan. 2022
97.16% 97.39% VARIANCE: 0 %
Jan. 2022
3.40m VARIANCE: 5 % $
DAYS ON MARKET Jan. 2021
Jan. 2022
10
14 VARIANCE: 40 %
VANCOUVER MARKET SUMMARY | JANUARY 2022 • The Vancouver single-family luxury market is a Buyer's Market with a 14% Sales Ratio. • Homes sold for a median of 97.39% of list price in January 2022. • The most active price band is $2,700,000-$2,949,999, where the sales ratio is 39%. • The median luxury sales price for single-family homes is $3,398,300. • The median days on market for January 2022 was 14 days, up from 10 in January 2021.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
VANCOUVER
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | JANUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,400,000 $9,000,000+ $7,700,000 - $8,999,999 $6,700,000 - $7,699,999 $5,700,000 - $6,699,999
$4,900,000 - $5,699,999 $4,100,000 - $4,899,999 $3,500,000 - $4,099,999
9
0
9
0
12
0
Total Sales: 160 Seller's Market
8
0
Total Sales Ratio2: 26%
20
0
29
1
35
3
$2,900,000 - $3,499,999
$2,500,000 - $2,899,999
Total Inventory: 610
45
8
50
7
$2,100,000 - $2,499,999
82
23
$1,900,000 - $2,099,999
63
15
$1,700,000 - $1,899,999
94
22
$1,600,000 - $1,699,999 $1,500,000 - $1,599,999
51
25
$1,400,000 - $1,499,999
1
56
27
47
29
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 999
$1,585,500
2
2
6
72
8%
1,000 - 1,999
$1,672,450
3
3
136
402
34%
2,000 - 2,999
$2,372,500
4
4
16
111
14%
3,000 - 3,999
$2,200,000
3
4
1
20
5%
4,000 - 4,999
$2,500,000
4
4
1
3
33%
5,000+
NA
NA
NA
0
2
0%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
VANCOUVER
ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4 Sale Price
$1,690,750
578
$1,670,000
$1,701,000
94 Jan-21
125 Feb-21
191
Mar-21
$1,759,900
151 Apr-21
$1,767,500
$1,670,000
786
746
739
670
573
$1,700,000
Inventory
129 May-21
745
109 Jun-21
$1,722,500
Jul-21
$1,752,000
$1,750,000
$1,744,950
752
739
666
116
Solds
$1,700,000
739
610
560
Aug-21
Sep-21
140
135
119
114
Oct-21
Nov-21
$1,688,500
160
103 Dec-21
Jan-22
MEDIAN DATA REVIEW | JANUARY TOTAL INVENTORY Jan. 2021
Jan. 2022
578
610 VARIANCE: 6 %
SALE PRICE PER SQFT. Jan. 2021
1,130
$
Jan. 2022
1,198 VARIANCE: 6 % $
TOTAL SOLDS Jan. 2021
Jan. 2022
94
160 VARIANCE: 70 % SALE TO LIST PRICE RATIO Jan. 2021
SALES PRICE
Jan. 2022
98.40% 100.00% VARIANCE: 2 %
Jan. 2021
1.69m
$
Jan. 2022
1.69m VARIANCE: 0 % $
DAYS ON MARKET Jan. 2021
Jan. 2022
8
8 VARIANCE: 0 %
VANCOUVER MARKET SUMMARY | JANUARY 2022 • The Vancouver attached luxury market is a Seller's Market with a 26% Sales Ratio. • Homes sold for a median of 100.00% of list price in January 2022. • The most active price band is $1,400,000-$1,499,999, where the sales ratio is 62%. • The median luxury sales price for attached homes is $1,688,500. • The median days on market for January 2022 was 8 days, remaining the same from January 2021. Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
Thank you for taking time to view this report. For more information about Vancouver luxury market and buy or sell your luxury property, please feel free to contact me.
PRINCESS PAN PERSONAL REAL ESTATE CORPORATION
www. PrincessPan.com