highlights • November’sMLShomesalesintheVancouverRegionwereverystrong,withthe5,328 transactionsrepresentinga32-yearhighforNovember. • WhilesaleswerevirtualyunchangedfromOctober,theywerehigherthanthepast10-year Novemberaverageby43%,andwere4%abovethenumberofsalesfromNovember2020. • Onayear-over-yearbasis,salesofdetachedhomesandtownhomeswerehigherby15%and10%, respectively.Condosales,ontheotherhand,increasedby36%–areflectionofbuyers’renewed interestinhigher-densityhousingoptionsasthepandemicrecoverycontinues.
THERENNIEADVANCE sales
NOVEMBER 2021
4,000
-15% vsNov2020
3,500
3,000
2,500
2,000
1,560 10 yrNovAvg
1,500
1,799
1,000
DETACHED sales
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0 500
+15% vs10yrNovAvg
● November ﹍ 10 yrNovemberAverage
-10% vsNov2020
1,000 1,200 1,400 1,600
960
719 10 yrNovAvg
200 400 600 800
TOWNHOME sales
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0
+34% vs10yrNovAvg
● November ﹍ 10 yrNovemberAverage
3,500
+36% vsNov2020
3,000
2,500
2,443
2,000
1,522 10 yrNovAvg
1,500
1,000
CONDO sales
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0 500
+60% vs10yrNovAvg
● November ﹍ 10 yrNovemberAverage
Copyright©December2,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember2,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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