the rennie review - September 2021

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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