vancouvereast DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 33% SELLERS'MARKET
▶ MARKETSUMMARY Therewere422detachedlistingsinVancouverEastin October,12%belowSeptemberand17%lowerthan October2020. Octoberdetachedhomesalesincreasedby2% month-over-month,to138,andwere7%belowOctober 2020. Thesales-to-listingratiofordetachedinVancouverEast, at33%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,850,500,a 6%increasefromSeptemberand16%aboveOctober 2020. Theaveragesoldpricewas$1,951,338,5%abovelast monthandup16%toOctober2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 16% VS2020
▲ 16% VS2020
▼ 17% VS2020
▼ 7% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 29% 149 510
%Change
No. 28% 135 480
%Change
TOTALLISTINGS TOTALSALES
33% 138 422
16% 16% 12% -7% -17%
5% 6% 16% 2% -12%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,860,962 $1,750,000
$1,951,338 $1,850,500
$1,684,299 $1,599,999
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
635
684
663
1.79
566
480
1.74
510
460
1.69
508
1.60
1.61
481
422
1.52
364
360
328
245
221
191
144
135
130
149
138
154
138
134
108
101
$1.85M
$1.85M
$1.80M
$1.77M $1.70M
$1.77M
$1.74M
$1.75M
$1.72M
$1.69M
$1.60M
$1.60M
$1.56M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100%
100
82%
80
65%
60
40
30%
20
14%
5%
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+
S-LRATIO SALES INVENTORY
0 1 n/a
2 2 100%
17 14 82%
110 71 65%
111 33 30%
95 13 14%
87 4 5%
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
41
Made with FlippingBook - professional solution for displaying marketing and sales documents online