the rennie review - November 2021

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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