CONDO JANUARY vancouver region
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO 28 %
MARKET SUMMARY ›
5 % UP
2 % UP
18 % UP
48 % UP
There were 5,549 condo listings in the Vancouver Region in January, 2% below December but 18% higher vs January 2020. January condo sales decreased by 19% month-over- month but were 48% above January 2020. The sales-to-listings ratio for condos in the Vancouver Region decreased to 28%, remaining a seller’s market. The condo benchmark price in January was $655,400, increasing 0.5% from December and 3% higher vs January 2020. The average sold price was $628,772, 4% above last month; the average PSF sales price was $727, up 2% from last month.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,549 1,565
5,689 1,935
-2%
4,718 1,060
18% 48% 26%
TOTAL SALES
-19% -17%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
28%
34%
22%
$655,400 $651,900 $628,772 $607,447
0.5% $638,500 4% $601,616
3% 5% 2%
$727
$710
2%
$710
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$638,500 $661,000 $657,300 $656,000 $656,600 $651,000 $655,400
8,621
7,902
7,769
5,549
6,213
5,785
4,718
2,079
1,832
1,799
1,565
1,512
1,060
846
VANCOUVER REGION REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
91
3+ bdrms
BUYER'S MARKET
634
895
2 bdrms
3,214
579
<2 bdrms
. . . . 0 0 0 0
1,712
S-L RATIO SALES INVENTORY
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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