the rennie review - September 2021

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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