MARCH
2022
Princess Pan Real Estate Residential | Commercial
VANCOUVER BRITISH COLUM B I A www.PrincessPan.com
VANCOUVER
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | FEBRUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $2,500,000 $13,200,000+
50
1
$8,200,000 - $13,199,999 $7,200,000 - $8,199,999 $6,200,000 - $7,199,999
45
3
70
5
$5,200,000 - $6,199,999 $4,700,000 - $5,199,999
98
6
106
8 59
5
$4,200,000 - $4,699,999 $3,950,000 - $4,199,999
$3,700,000 - $3,949,999 $3,450,000 - $3,699,999
95
10 50
9
Seller's Market
66
17
Total Sales Ratio2: 22%
51
21
$2,950,000 - $3,199,999
85
19
$2,700,000 - $2,949,999
38
51
22 22
$2,600,000 - $2,699,999
1
Total Sales: 195
30
13
$3,200,000 - $3,449,999
$2,500,000 - $2,599,999
Total Inventory: 902
18
24
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$2,750,000
4
2
16
86
19%
2,000 - 2,999
$2,905,000
4
3
80
262
31%
3,000 - 3,999
$3,210,000
5
4
54
175
31%
4,000 - 4,999
$4,202,000
5
5
21
152
14%
5,000 - 5,999
$4,780,000
6
6
15
96
16%
6,000+
$6,275,000
6
7
9
128
7%
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
$3,450,000
$3,321,500
878
656
153 Feb-21
$3,450,000
$3,350,000
1,181
1,222
$3,000,000
$3,179,000
1,198
Inventory
$3,268,000
$3,210,000
1,100
1,158
Solds
$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
Oct-21
$3,550,000
$3,398,300
139
Dec-21
195
114
94
Nov-21
902
822
787
$3,200,000
Jan-22
Feb-22
MEDIAN DATA REVIEW | FEBRUARY TOTAL INVENTORY Feb. 2021
Feb. 2022
656
902 VARIANCE: 38 %
SALE PRICE PER SQFT. Feb. 2021
Feb. 2022
992
$
1,116 VARIANCE: 13 % $
TOTAL SOLDS Feb. 2021
SALES PRICE
Feb. 2022
153
195 VARIANCE: 27 %
Feb. 2021
$
3.45m
3.20m VARIANCE: -7 %
SALE TO LIST PRICE RATIO Feb. 2021
Feb. 2022
Feb. 2022
$
DAYS ON MARKET Feb. 2021
97.99% 100.06% VARIANCE: 2 %
Feb. 2022
14
9 VARIANCE: -36 %
VANCOUVER MARKET SUMMARY | FEBRUARY 2022 • The Vancouver single-family luxury market is a Seller's Market with a 22% Sales Ratio. • Homes sold for a median of 100.06% of list price in February 2022. • The most active price band is $2,600,000-$2,699,999, where the sales ratio is 100%. • The median luxury sales price for single-family homes is $3,200,000. • The median days on market for February 2022 was 9 days, down from 14 in February 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 | FEBRUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,400,000 $9,000,000+ $7,700,000 - $8,999,999
11
0
$6,700,000 - $7,699,999 $5,700,000 - $6,699,999
10
1 7
2
$3,500,000 - $4,099,999 $2,900,000 - $3,499,999
$2,500,000 - $2,899,999
Total Sales: 216 Seller's Market
4
1
$4,900,000 - $5,699,999 $4,100,000 - $4,899,999
Total Inventory: 642
Total Sales Ratio2: 34%
17
4
30
3
37
3
46
10
53
14
$2,100,000 - $2,499,999 $1,900,000 - $2,099,999
69
24
$1,700,000 - $1,899,999
106
38
$1,600,000 - $1,699,999
33
$1,500,000 - $1,599,999
49 57
21
$1,400,000 - $1,499,999
1
84
35
62
27
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 999
$1,590,000
2
2
5
71
7%
1,000 - 1,999
$1,760,000
3
3
168
434
39%
2,000 - 2,999
$2,450,000
3
3
35
110
32%
3,000 - 3,999
$4,725,000
4
4
8
20
40%
4,000 - 4,999
NA
NA
NA
0
3
0%
5,000+
NA
NA
NA
0
4
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
$1,670,000
$1,701,000
125 Feb-21
191
Mar-21
$1,670,000
151 Apr-21
$1,759,900
786
746
739
670
573
$1,700,000
129 May-21
Inventory
$1,767,500
745
109 Jun-21
$1,722,500
Jul-21
$1,750,000
752
739
666
116
$1,752,000
Solds
$1,850,000
$1,744,950
$1,700,000
$1,688,500
739
Aug-21
135
119
114
Sep-21
Oct-21
140
Dec-21
216
160
103
Nov-21
642
610
560
Jan-22
Feb-22
MEDIAN DATA REVIEW | FEBRUARY TOTAL INVENTORY Feb. 2021
Feb. 2022
573
642 VARIANCE: 12 %
SALE PRICE PER SQFT. Feb. 2021
1,075
$
Feb. 2022
1,263 VARIANCE: 17 % $
TOTAL SOLDS Feb. 2021
Feb. 2022
125
216 VARIANCE: 73 %
SALE TO LIST PRICE RATIO Feb. 2021
Feb. 2022
98.87% 100.00% VARIANCE: 1 %
SALES PRICE Feb. 2021
$
1.67m
Feb. 2022
1.85m VARIANCE: 11 % $
DAYS ON MARKET Feb. 2021
Feb. 2022
14
9 VARIANCE: -36 %
VANCOUVER MARKET SUMMARY | FEBRUARY 2022 • The Vancouver attached luxury market is a Seller's Market with a 34% Sales Ratio. • Homes sold for a median of 100.00% of list price in February 2022. • The most active price band is $1,600,000-$1,699,999, where the sales ratio is 67%. • The median luxury sales price for attached homes is $1,850,000. • The median days on market for February 2022 was 9 days, down from 14 in February 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