greatervancouverboardarea CONDO-AUGUST 2021
SALESTO LISTINGSRATIO 39% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 9% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 7% VS2020
▲ 8% VS2020
▼ 32% VS2020
▲ 22% VS2020
Therewere4,166condolistingsintheGreater VancouverboardareainAugust,7%belowJulyand32% lowerthanAugust2020. Augustcondosalesdecreasedby3%month-over-month, to1,634,andwere22%aboveAugust2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at39%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
1,634 4,166
1,338 6,145
80% 22% -32%
1,678 4,465
-3% -7%
ThecondomedianpriceinAugustwas$644,950,a0.8% decreasefromJulyand8%aboveAugust2020. Theaveragesoldpricewas$739,080,4%abovelast month;theaveragePSFsalepricewas$875,up4%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$875 $739,080 $644,950 39%
$800 $692,151 $597,500 22%
$841 $708,220 $649,900 38%
4% 4% -0.8% 4%
9% 7% 8%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
6,145
5,736
6,429
6,275
4,780
4,714
4,486
4,166
4,465
4,441
4,288
4,210
2,690 4,165
2,049
1,594 1,571
1,476
2,283
1,634
1,766
1,786
1,338
1,678
1,367
1,189
$650K
$645K
$637K
$638K
$635K
$635K
$619K
$608K
$598K
$598K
$588K
$590K
$587K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1200
26 6
1000
4+bdrms
800
111
61% 58%
3bdrms
600
52%
512
400
28% 24%
846
2bdrms
18% 15%
200
2,415
10%
0
671
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
165 101 61%
953 555 58%
1,096 565 52%
773 214 28%
350 85 24%
280 49 18%
235 35 15%
314 30 10%
1,213
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
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