vancouverregion DETACHED-AUGUST 2021
SALESTO LISTINGSRATIO 32% SELLERS'MARKET
▶ MARKETSUMMARY Therewere5,530detachedlistingsintheVancouver RegioninAugust,11%belowJulyand27%lowerthan August2020. Augustdetachedhomesalesdecreasedby6% month-over-month,to1,794,andwere14%below August2020. Thesales-to-listingratiofordetachedintheVancouver Region,at32%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 25% VS2020
▲ 25% VS2020
▼ 27% VS2020
▼ 14% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,794 5,530
2,074 7,599
25% 25% 19% -14% -27%
1,900 6,235
3% 2% 6% -6% -11%
ThedetachedmedianpriceinAugustwas$1,480,000,a 2%increasefromJulyand25%aboveAugust2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,745,723 $1,480,000 32%
$1,698,565 $1,450,000 30%
$1,391,343 $1,180,776 27%
Theaveragesoldpricewas$1,745,723,3%abovelast monthandup25%toAugust2020.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,569
7,599
7,107
7,015
7,599
7,333
5,980
5,968
1.87
1.85
6,235
1.79
5,530
4,502
3,503
4,379
4,282
2,751
1.34
1.34
2,420
2,338
3,040
1,998
1.22
2,074
2,418
1,794
2,230
2,16
1,900
1,489
$1.50M
$1.48M $1.41M
$1.48M
$1.47M
$1.45M
$1.45M
$1.35M
$1.30M
$1.27M
$1.25M
$1.24M
$1.18M
Aug-20
Jul-21
Aug-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
95%
1500
72%
72%
68%
1000
42%
42%
500
24%
15%
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+ 1,781 133 7%
S-LRATIO SALES INVENTORY
111 47 42%
54 39 72%
172 123 72%
292 278 95%
630 427 68%
1,149 484 42%
675 164 24%
666 99 15%
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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