westvancouver DETACHED-AUGUST 2021
SALESTO LISTINGSRATIO 10% BUYERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 3% VS2020
▲ 10% VS2020
▼ 7% VS2020
▼ 14% VS2020
Therewere414detachedlistingsinWestVancouverin August,5%belowJulyand7%lowerthanAugust2020. Augustdetachedhomesalesdecreasedby22% month-over-month,to42,andwere14%belowAugust 2020. Thesales-to-listingratiofordetachedinWestVancouver, at10%,reflectedabuyers'market.
THISMONTH No. $3,961,024 $2,967,500 10% 42 414
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$3,856,577 $2,700,000 11% 49 444
3% 10% -8% -14% -7%
$3,544,287 $2,900,000 12% 54 436
12% 2% -18% -22% -5%
ThedetachedmedianpriceinAugustwas$2,967,500,a 2%increasefromJulyand10%aboveAugust2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$3,961,024,12%abovelast monthandup3%toAugust2020.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
425
420
444
467
465
414
436
434
373
2.47
315
350
310
300
1.741.72 1.77 1.67
98
79
74
75
64
60
53
54
29
49
42
62
60
0.96
$3.20M
$3.16M
$3.13M
$3.10M
$2.94M $3.03M
$2.97M
$2.89M
$2.90M
$2.86M
$2.80M
$2.70M
$2.54M
Aug-20
Jul-21
Aug-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
300
100%+
250
200
150
100
27%
17%
50
13%
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 0 n/a
1 0 n/a
2 0 n/a
2 3 150%
11 3 27%
48 6 13%
52 9 17%
295 21 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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