greatervancouverboardarea DETACHED-AUGUST 2021
SALESTO LISTINGSRATIO 25% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 21% VS2020
▲ 20% VS2020
▼ 19% VS2020
▼ 14% VS2020
Therewere3,687detachedlistingsintheGreater VancouverboardareainAugust,9%belowJulyand19% lowerthanAugust2020. Augustdetachedhomesalesdecreasedby10% month-over-month,to939,andwere14%belowAugust 2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at25%,reflectedaselers'market.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
25% 939 3,687
1,098 4,540
21% 20% 5% -14% -19%
1,044 4,050
4% 2% -1.2% -10% -9%
ThedetachedmedianpriceinAugustwas$1,650,000,a 2%increasefromJulyand20%aboveAugust2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,919,895 $1,611,000 26%
$1,645,413 $1,380,000 24%
Theaveragesoldpricewas$1,988,697,4%abovelast monthandup21%toAugust2020.
$1,988,697 $1,650,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,523
4,741
4,389
4,540
4,237
4,580
3,742
3,664
1.83
4,050
3,687
1.79
1.75
2,905
2,864
2,762
1,960
1.40
1.38
1.32
1,308 1,343
1,265
1,653
1,020
1,423
1,098
1,223
939
1,063
1,044
739
$1.70M
$1.65M $1.60M
$1.64M
$1.65M
$1.63M
$1.61M
$1.52M
$1.50M
$1.48M
$1.44M
$1.44M
$1.38M
Aug-20
Jul-21
Aug-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
100%+
1200
1000
68%
61%
800
50%
600
40%
40%
400
22%
15%
200
8%
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+ 1,399 109 8%
S-LRATIO SALES INVENTORY
45 18 40%
34 23 68%
75 46 61%
111 113 102%
316 158 50%
723 291 40%
476 105 22%
508 76 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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