vancouvereast CONDO-AUGUST 2021
SALESTO LISTINGSRATIO 40% SELLERS'MARKET
▶ MARKETSUMMARY Therewere384condolistingsinVancouverEastin August,10%belowJulyand33%lowerthanAugust 2020. Augustcondosalesdecreasedby1.9% month-over-month,to155,andwere0.6%aboveAugust 2020. Thesales-to-listingratioforcondosinVancouverEast,at 40%,reflectedaselers'market. ThecondomedianpriceinAugustwas$600,000,a5% decreasefromJulyand5%belowAugust2020. Theaveragesoldpricewas$664,326,1.2%belowlast month;theaveragePSFsalepricewas$887,down0.1% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▼ 1.8% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▼ 4% VS2020
▼ 5% VS2020
▼ 33% VS2020
▲ 0.6% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 27% 154 570
%Change
No. 37% 158 427
%Change
TOTALLISTINGS TOTALSALES
40% 155 384
-1.9% -4% -5% 49% 0.6% -33%
-0.1% -1.2% -5% 9% -1.9% -10%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$887 $664,326 $600,000
$887 $672,114 $630,000
$904 $691,339 $632,500
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
555
626
614
570
447
427
41
382
365
425
384
404
373
314
224
198
244
150
221
155
154
185
175
161
158
98
$633K
$634K
$633K
$630K
$630K
$630K
$630K
$622K
$615K
$603K
$600K
$590K
$577K
VANCOUVEREAST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
120
4+bdrms
2
100
80
8
60%
3bdrms
53%
32
60
33%
40
67
2bdrms
20% 23%
20%
210
13%
20
0
80
<$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
12 4 33%
121 73 60%
106 56 53%
76 10 13%
35 7 20%
13 3 23%
11 0 n/a
10 2 20%
140
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 40 ●
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