the rennie review - September 2021

vancouverregion TOWNHOME-AUGUST 2021

SALESTO LISTINGSRATIO 71% SELLERS'MARKET

▶ MARKETSUMMARY Therewere1,441townhomelistingsintheVancouver RegioninAugust,18%belowJulyand51%lowerthan August2020. Augusttownhomesalesincreasedby2% month-over-month,to1,021,andwere4%belowAugust 2020. Thesales-to-listingratiofortownhomesintheVancouver Region,at71%,reflectedaselers'market. ThetownhomemedianpriceinAugustwas$790,000,a 1.0%increasefromJulyand20%aboveAugust2020. Theaveragesoldpricewas$874,481,1.8%abovelast month;theaveragePSFsalepricewas$589,up0.6%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 18% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 17% VS2020

▲ 20% VS2020

▼ 51% VS2020

▼ 4% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,021 1,441

1,060 2,925

18% 17% 20% 96% -4% -51%

57% 998 1,747

0.6% 1.8% 1% 24% 2% -18%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$589 $874,481 $790,000 71%

$497 $749,347 $660,000 36%

$585 $859,343 $782,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2020 ● AUG 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

2,925

2,619

2,956

2,261

2,038

2,025

1,979

1,747

1,6821,726

1,642

1,608

1,486

1,414

1,291

1,441

1,587

1,196

1,405

1,060

1,204

1,021

1,071

1,013

998

836

$788K

$790K

$780K

$785K

$782K

$776K

$720K

$688K

$675K

$665K

$671K

$660K

$656K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

400

182

95%

4+bdrms

279

86%

79%

300

566

62%

3bdrms

788

200

39% 36%

32%

257

100

2bdrms

18%

343

0

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

16

S-LRATIO SALES INVENTORY

28 9 32%

130 112 86%

424 403 95%

358 282 79%

168 104 62%

135 53 39%

124 45 36%

74 13 18%

<2bdrms

31

Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●

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