the rennie review - September 2021

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