greatervancouverboardarea CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 47% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 10% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 9% VS2020
▲ 11% VS2020
▼ 39% VS2020
▲ 15% VS2020
Therewere3,836condolistingsintheGreater VancouverboardareainOctober,13%belowSeptember and39%lowerthanOctober2020. Octobercondosalesincreasedby11% month-over-month,to1,808,andwere15%above October2020. Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at47%,reflectedaselers'market. ThecondomedianpriceinOctoberwas$655,000,a0% changefromSeptemberand11%aboveOctober2020. Theaveragesoldpricewas$746,758,1.2%abovelast month;theaveragePSFsalepricewas$851,down2%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,808 3,836
1,571 6,275
10% 9% 11% 88% 15% -39%
1,631 4,397
-2% 1.2% 0% 27% 11% -13%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$851 $746,758 $655,000 47%
$775 $682,410 $588,000 25%
$870 $737,886 $655,000 37%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
6,275
5,736
4,780
4,714
4,486
4,397
4,465
4,441
4,288
4,210
3,836
2,689 4,165
4,166
2,048
1,476
2,283
1,808
1,571
1,766
1,786
1,678
1,632 1,631
1,367
1,189
$655K
$655K
$650K
$645K
$637K
$638K
$635K
$635K
$619K
$598K
$588K
$590K
$587K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1000
33 3
4+bdrms
800
75%
69%
64%
107
600
3bdrms
473
400
36% 39%
1,046
2bdrms
200
16%
2,202
12%
8%
0
652
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
131 90 69%
797 596 75%
981 626 64%
743 270 36%
321 126 39%
261 41 16%
280 33 12%
322 26 8%
1,128
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
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