vancouvereast DETACHED-AUGUST 2021
SALESTO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY Therewere508detachedlistingsinVancouverEastin August,10%belowJulyand1.4%higherthanAugust 2020. Augustdetachedhomesalesdecreasedby30% month-over-month,to101,andwere13%belowAugust 2020. Thesales-to-listingratiofordetachedinVancouverEast, at20%,reflectedabalancedmarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 12% VS2020
▲ 11% VS2020
▲ 1.3% VS2020
▼ 13% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 23% 116 501
%Change
No. 25% 144 566
%Change
TOTALLISTINGS TOTALSALES
20% 101 508
12% 11% -14% -13% 1.4%
-22% -30% -10%
ThedetachedmedianpriceinAugustwas$1,800,000,a 7%increasefromJulyand11%aboveAugust2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,848,022,4%abovelast monthandup12%toAugust2020.
$1,783,480 $1,688,500
4% 7%
$1,848,022 $1,800,000
$1,644,476 $1,620,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
635
684
663
527
510
1.78
1.731.73
566
508
460
501
1.66
481
1.54
1.51
364
360
328
245
221
191
170
144
130
16
154
149
101
138
134
108
$1.85M
$1.80M
$1.77M $1.70M
$1.77M
$1.74M
$1.72M
$1.69M
$1.62M
$1.60M
$1.60M
$1.56M
$1.55M
Aug-20
Jul-21
Aug-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100%+
150
100
50%
32%
50
15%
6%
2%
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+
S-LRATIO SALES INVENTORY
3 0 n/a
2 4 200%
38 19 50%
162 52 32%
113 17 15%
108 7 6%
82 2 2%
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
38
Made with FlippingBook - professional solution for displaying marketing and sales documents online