westvancouver DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 15% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 3% VS2020
▼ 9% VS2020
▼ 5% VS2020
▼ 18% VS2020
Therewere403detachedlistingsinWestVancouverin October,8%belowSeptemberand5%lowerthan October2020. Octoberdetachedhomesalesincreasedby49% month-over-month,to61,andwere18%belowOctober 2020. Thesales-to-listingratiofordetachedinWestVancouver, at15%,reflectedabalancedmarket. ThedetachedmedianpriceinOctoberwas$2,625,000,a 11%decreasefromSeptemberand9%belowOctober 2020. Theaveragesoldpricewas$3,505,700,0.9%belowlast monthandup3%toOctober2020.
THISMONTH No. $3,505,700 $2,625,000 15% 61 403
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 9% 41 436
%Change
TOTALLISTINGS TOTALSALES
$3,413,269 $2,891,500 17% 74 425
-13% -18% -5%
61% 49% -8%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$3,536,477 $2,953,000
-0.9% -11%
3% -9%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
436
420
467
465
425
436
373
403
414
3.12
315
350
310
300
2.41
98
79
1.83
75
59
53
54
74
42 41
61
29
62
60
1.32
1.05
$3.20M
$3.13M
$3.15M
$3.10M
$2.94M $3.03M
$2.97M
$2.95M
$2.89M
$2.90M
$2.86M
$2.80M
$2.63M
0.74
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
300
100%+
250
81%
200
50%
150
100
21%
15%
50
8%
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
2 1 50%
1 0 n/a
2 0 n/a
1 2 200%
13 2 15%
26 21 81%
53 11 21%
305 24 8%
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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