vancouverwest DETACHED-AUGUST 2021
SALESTO LISTINGSRATIO 10% BUYERS'MARKET
▶ MARKETSUMMARY Therewere728detachedlistingsinVancouverWestin August,-0.4%belowJulyand27%higherthanAugust 2020. Augustdetachedhomesalesdecreasedby21% month-over-month,to73,andwere20%belowAugust 2020. Thesales-to-listingratiofordetachedinVancouverWest, at10%,reflectedabuyers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 19% VS2020
▲ 9% VS2020
▲ 27% VS2020
▼ 20% VS2020
THISMONTH No. $3,812,533 $3,300,888 10% 73 728
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$3,199,326 $3,030,000 16% 91 572
19% 9% -37% -20% 27%
$3,635,375 $3,200,000 13% 92 731
-20% -21% -0.4%
ThedetachedmedianpriceinAugustwas$3,300,888,a 3%increasefromJulyand9%aboveAugust2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$3,812,533,5%abovelast monthandup19%toAugust2020.
5% 3%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
728
772
745
731
593 573
2.51
540
638
572
525
2.27
2.22
439
1.92
41 415
1.72
1.64
143
140
15
10
103
85
67
91
73
17
95
92
88
$3.58M
$3.52M
$3.36M
$3.30M
$3.30M
$3.30M
$3.23M
$3.23M
$3.20M
$3.03M
$3.03M
$2.97M
$2.86M
Aug-20
Jul-21
Aug-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
600
500
400
50%
300
33%
200
24%
17%
100
7%
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 1 33%
1 0 n/a
12 2 17%
20 10 50%
62 15 24%
630 45 7%
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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