greatervancouverboardarea DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 34% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 20% VS2020
▲ 22% VS2020
▼ 25% VS2020
▼ 19% VS2020
Therewere3,181detachedlistingsintheGreater VancouverboardareainOctober,13%belowSeptember and25%lowerthanOctober2020. Octoberdetachedhomesalesincreasedby15% month-over-month,to1,094,andwere19%below October2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at34%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,757,500,a 5%increasefromSeptemberand22%aboveOctober 2020. Theaveragesoldpricewas$2,069,042,6%abovelast monthandup20%toOctober2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,094 3,181
1,343 4,237
20% 22% 9% -19% -25%
26% 951 3,656
32% 15% -13%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,069,042 $1,757,500 34%
$1,717,501 $1,435,000 32%
$1,948,016 $1,670,000
6% 5%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,523
4,741
4,389
4,237
3,742
3,664
3,656
1.85
4,051
1.76
3,688
1.72
3,181
2,905
2,864
1.48
2,762
1.45
1,960
1.39
1,652
1,264
1,343
1,020
1,422
1,094
1,223
1,063
1,044
937
951
739
$1.76M
$1.70M
$1.67M
$1.65M
$1.65M
$1.63M
$1.63M
$1.61M
$1.60M
$1.50M
$1.52M
$1.48M
$1.44M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
100%+
1200
91%
78%
1000
67%
800
59%
55%
600
41%
400
21%
200
10%
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+ 1,374 131 10%
S-LRATIO SALES INVENTORY
29 16 55%
27 21 78%
61 36 59%
67 78 116%
198 180 91%
530 357 67%
433 176 41%
462 99 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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