vancouverregion CONDO-AUGUST 2021
SALESTO LISTINGSRATIO 44% SELLERS'MARKET
▶ MARKETSUMMARY Therewere5,102condolistingsintheVancouverRegion inAugust,9%belowJulyand36%lowerthanAugust 2020. Augustcondosalesdecreasedby0.1% month-over-month,to2,233,andwere27%above August2020. Thesales-to-listingratioforcondosintheVancouver Region,at44%,reflectedaselers'market. ThecondomedianpriceinAugustwas$590,000,a1.2% increasefromJulyand9%aboveAugust2020. Theaveragesoldpricewas$672,113,4%abovelast month;theaveragePSFsalepricewas$791,up4%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 9% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 7% VS2020
▲ 9% VS2020
▼ 36% VS2020
▲ 27% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
2,233 5,102
1,755 8,002
9% 7% 9% 100% 27% -36%
2,235 5,627
4% 4% 1.2% 10% -0.1% -9%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$791 $672,113 $590,000 44%
$723 $625,530 $539,000 22%
$764 $647,296 $583,000 40%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
8,002
7,335
8,297
8,024
6,051
6,001
5,830
5,627
5,595
5,697
5,102
5,402
3,508 5,355
2,830
2,079 2,066
1,936
2,981
2,233
2,435
2,402
1,755
2,235
1,797
1,560
$588K
$590K
$585K
$583K
$575K
$575K
$550K
$539K
$540K
$542K
$532K
$532K
$530K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
30 7
4+bdrms
1200
1000
71%
163
62%
800
3bdrms
608
51%
600
400
28% 25%
1,195
2bdrms
17% 15%
200
2,986
10%
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
868
S-LRATIO SALES INVENTORY
384 273 71%
1,433 889 62%
1,262 640 51%
808 224 28%
365 90 25%
288 50 17%
244 36 15%
318 31 10%
<2bdrms
1,478
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
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