westvancouver TOWNHOME-AUGUST 2021
SALESTO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY Therewere25townhomelistingsinWestVancouverin August,0nochangetoJulyand34%lowerthanAugust 2020. Augusttownhomesalesdecreasedby50% month-over-month,to3,andwere25%belowAugust 2020. Thesales-to-listingratiofortownhomesinWest Vancouver,at12%,reflectedabalancedmarket. ThetownhomemedianpriceinAugustwas$1,200,000,a 31%decreasefromJulyand23%belowAugust2020. Theaveragesoldpricewas$1,871,667,10%abovelast month;theaveragePSFsalepricewas$682,up14%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 6% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 40% VS2020
▼ 23% VS2020
▼ 34% VS2020
▼ 25% VS2020
THISMONTH No. $682 $1,871,667 $1,200,000 12% 3 25
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$642 $1,341,250 $1,550,000 11% 4 38
6% 40% -23% 14% -25% -34%
$792 $1,703,167 $1,740,000 24% 6 25
-14% 10% -31% -50% -50% 0%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
36
38
35
36
29
26
25
23
25
21
25
22
19
8
6
6
6
5
4
3
5
4 4
4 4
$2.28M
$1.90M
$1.74M
$1.73M $1.58M
$1.55M
$1.53M
$1.47M
$1.37M
$1.24M
$1.20M
$928K
WESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
14
100%
12
4+bdrms
3
10
8
1
3bdrms
16
6
4
2
2bdrms
5
2
8%
0
<$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
1 0 n/a
2 2 100%
4 0 n/a
5 0 n/a
8%
1
13 1
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 45 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online