vancouverwest CONDO-AUGUST 2021
SALESTO LISTINGSRATIO 31% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 8% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 1.7% VS2020
- VS2020
▼ 22% VS2020
▲ 28% VS2020
Therewere1,417condolistingsinVancouverWestin August,9%belowJulyand22%lowerthanAugust2020.
Augustcondosalesincreasedby5%month-over-month, to443,andwere28%aboveAugust2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosinVancouverWest, at31%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
31% 443 1,417
19% 344 1,810
8% 1.8% 0% 64% 29% -22%
27% 422 1,552
3% 7% -0.6% 15% 5% -9%
ThecondomedianpriceinAugustwas$775,000,a0.6% decreasefromJulyandnochangetoAugust2020. Theaveragesoldpricewas$960,406,7%abovelast month;theaveragePSFsalepricewas$1,127,up3%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$1,127 $960,406 $775,000
$1,090 $896,106 $780,000
$1,039 $943,792 $775,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,762
1,9551,935
1,810
1,664
1,552
1,529
1,588
1,299
1,417
1,352
1,309
1,280
625
515
378
365
359
443
508
344
443
427 422
314
282
$818K
$780K
$775K
$770K
$775K
$775K
$760K
$757K
$765K
$753K
$740K
$743K
$735K
VANCOUVERWEST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
250
1
4+bdrms
16
200
79%
25
61% 61%
150
3bdrms
206
100
31%
173
23%
2bdrms
19%
50
16%
729
8%
0
244
<$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
14 11 79%
119 72 61%
261 159 61%
262 82 31%
180 41 23%
161 31 19%
161 25 16%
259 22 8%
466
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 43 ●
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