highlights • For the first time since September 2019, inventory in the Vancouver region expanded on a year-over-year basis in April 2021 (by 1.2%). This was entirely driven by detached listings, which rose by 9%; conversely, listings fell by 16% for townhomes and by 1.1% for condos. • Inventory in April 2021 was 22% lower than April’s past-decade average. This was consistent across all home types: detached listings were 23% lower, townhome listings were 30% lower, and condo listings were down 17%. • The sales-to-listings (S-L) ratio decreased from its high last month, settling at 50% in April 2021 (indicating seller’s market conditions). All segments of the market had conditions favourable to sellers in April 2021: detached homes had an S-L ratio of 40%, townhomes 80%, and condos 52%.
total listings THE RENNIE ADVANCE
APRIL
YV$SU
\U$SU$YJ YV\U$SU $YJ
DETACHED listings
$SULO
YV$SU
\U$SU$YJ YV\U$SU $YJ
TOWNHOME listings
$SULO
YV $SU
\U$SU$YJ YV\U$SU $YJ
CONDO listings
$SULO
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of May 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
Made with FlippingBook - professional solution for displaying marketing and sales documents online