vancouverregion CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 51% SELLERS'MARKET
▶ MARKETSUMMARY Therewere4,615condolistingsintheVancouverRegion inOctober,13%belowSeptemberand42%lowerthan October2020. Octobercondosalesincreasedby8%month-over-month, to2,363,andwere14%aboveOctober2020.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 12% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 11% VS2020
▲ 14% VS2020
▼ 42% VS2020
▲ 14% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheVancouver Region,at51%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
2,363 4,615
2,066 8,024
12% 11% 14% 99% 14% -42%
2,193 5,302
-0.7% 2% 1.7% 24% 8% -13%
ThecondomedianpriceinOctoberwas$608,000,a1.7% increasefromSeptemberand14%aboveOctober2020. Theaveragesoldpricewas$688,888,2.0%abovelast month;theaveragePSFsalepricewas$789,down0.7% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$789 $688,888 $608,000 51%
$702 $618,359 $532,000 26%
$794 $675,454 $598,000 41%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
8,024
7,335
6,001 6,051
5,830
5,628
5,595
5,302
5,697
5,402
3,507 5,355
4,615
5,103
2,829
2,980
1,936
2,363
2,066
2,435
2,402
2,234 2,230
2,193
1,797
1,560
$608K
$598K
$585K
$588K
$590K
$583K
$574K
$575K
$550K
$542K
$532K
$532K
$530K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1200
34 3
4+bdrms
1000
78% 77%
800
145
62%
3bdrms
546
600
36% 39%
400
1,377
2bdrms
16%
2,677
200
12%
8%
0
838
<$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
285 223 78%
1,200 922 77%
1,135 705 62%
774 278 36%
339 131 39%
269 43 16%
286 34 12%
327 27 8%
1,358
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
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