vancouverwest DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 16% BALANCEDMARKET
▶ MARKETSUMMARY Therewere677detachedlistingsinVancouverWestin October,8%belowSeptemberand18%higherthan October2020. Octoberdetachedhomesalesincreasedby31% month-over-month,to109,andwere0.9%below October2020. Thesales-to-listingratiofordetachedinVancouverWest, at16%,reflectedabalancedmarket. ThedetachedmedianpriceinOctoberwas$3,200,000,a 1.9%increasefromSeptemberand6%aboveOctober 2020. Theaveragesoldpricewas$3,725,985,4%abovelast monthandup8%toOctober2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 8% VS2020
▲ 6% VS2020
▲ 18% VS2020
▼ 0.9% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 19% 110 573
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
16% 109 677
8% 6% -16% -0.9% 18%
$3,567,927 $3,140,000 11% 83 737
4% 1.9% 43% 31% -8%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$3,725,985 $3,200,000
$3,434,786 $3,025,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
737
772
745
731
728
677
2.40
540
638
2.34
573
525
2.28
439
415
41
1.70
1.70
1.66
143
140
15
85
67
10
109
17
95
92
88
73 83
$3.58M
$3.52M
$3.36M
$3.30M
$3.30M
$3.30M
$3.23M
$3.20M
$3.20M
$3.14M
$3.03M
$2.97M
$2.86M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
600
100%+
500
400
61%
300
42%
200
100
11%
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
3 0 n/a
7 8 114%
23 14 61%
55 23 42%
589 64 11%
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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