vancouverregion DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 40% SELLERS'MARKET
▶ MARKETSUMMARY Therewere4,693detachedlistingsintheVancouver RegioninOctober,13%belowSeptemberand33%lower thanOctober2020. Octoberdetachedhomesalesincreasedby11% month-over-month,to1,882,andwere22%below October2020. Thesales-to-listingratiofordetachedintheVancouver Region,at40%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,600,000,a 4%increasefromSeptemberand28%aboveOctober 2020. Theaveragesoldpricewas$1,863,731,6%abovelast monthandup26%toOctober2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 26% VS2020
▲ 28% VS2020
▼ 33% VS2020
▼ 22% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,882 4,693
2,420 7,015
26% 28% 16% -22% -33%
1,698 5,397
27% 11% -13%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,863,731 $1,600,000 40%
$1,761,640 $1,537,500 31%
$1,474,972 $1,250,000 34%
6% 4%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,569
7,107
7,015
7,333
5,980
5,968
1.88
1.85
5,397
6,236
1.83
5,531
4,693
4,502
3,503
4,379
4,282
1.40
1.40
2,750
1.27
3,039
1,998
2,420
2,418
1,882
2,227
2,16
1,899
1,791
1,698
1,489
$1.60M
$1.54M
$1.50M
$1.48M $1.41M
$1.48M
$1.46M
$1.45M
$1.45M
$1.35M
$1.30M
$1.27M
$1.25M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100%+
92%
1500
74%
74%
66%
1000
42%
41%
500
21%
9%
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+ 1,727 156 9%
S-LRATIO SALES INVENTORY
95 40 42%
46 34 74%
104 77 74%
187 213 114%
435 401 92%
874 579 66%
616 253 41%
609 129 21%
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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