the rennie review - November 2021

vancouvereast CONDO-OCTOBER 2021

SALESTO LISTINGSRATIO 49% SELLERS'MARKET

▶ MARKETSUMMARY Therewere367condolistingsinVancouverEastin October,13%belowSeptemberand41%lowerthan October2020. Octobercondosalesincreasedby16% month-over-month,to178,andwere1.7%above October2020. Thesales-to-listingratioforcondosinVancouverEast,at 49%,reflectedaselers'market. ThecondomedianpriceinOctoberwas$662,000,a3% increasefromSeptemberand12%aboveOctober2020. Theaveragesoldpricewas$712,011,5%abovelast month;theaveragePSFsalepricewas$909,down1.7% tolastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 9% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 12% VS2020

▲ 12% VS2020

▼ 41% VS2020

▲ 1.7% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 28% 175 626

%Change

No. 37% 154 421

%Change

TOTALLISTINGS TOTALSALES

49% 178 367

9% 12% 12% 73% 1.7% -41%

-1.7% 5% 3% 33% 16% -13%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$909 $712,011 $662,000

$925 $679,447 $645,000

$836 $633,483 $590,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2020 ● OCT 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

626

555

447

427

421

41

382

365

425

367

404

384

373

314

224

244

150

221

178

175

185

161

158 155 154

98

$662K

$645K

$634K

$630K

$630K

$633K

$630K

$622K

$615K

$603K

$600K

$590K

$577K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100

4+bdrms

2

80

65%

11

61%

60

3bdrms

34

41%

40

36%

85

2bdrms

18%

17%

15%

20

197

6%

0

82

<$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

11 2 18%

98 64 65%

107 65 61%

84 30 36%

32 13 41%

13 2 15%

16 1 6%

6 1 17%

134

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 43 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online