the rennie review - July 2021

vancouvereast CONDO-JUNE 2021

SALESTO LISTINGSRATIO 53% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 7% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 7% VS2020

▲ 0.5% VS2020

▼ 7% VS2020

▲ 72% VS2020

Therewere424condolistingsinVancouverEastinJune, 5%belowMayand7%lowerthanJune2020.

Junecondosalesincreasedby1.4%month-over-month, to224,andwere72%aboveJune2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 29% 130 454

%Change

No. 49% 221 447

%Change

Thesales-to-listingratioforcondosinVancouverEast,at 53%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

53% 224 424

7% 7% 0.5% 84% 72% -7%

-0.1% 0.5% -1.6% 7% 1.4% -5%

ThecondomedianpriceinJunewas$622,250,a1.6% decreasefromMayand0.5%aboveJune2020. Theaveragesoldpricewas$685,402,0.5%abovelast month;theaveragePSFsalepricewas$911,up0.1%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$911 $685,402 $622,250

$912 $682,274 $632,500

$855 $639,897 $619,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2020 ● JUN 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

570

555

626

614

447

519

454

41

424

382

365

404

373

314

198

224

244

156

150

221

185

175

130

161

154

98

$633K

$634K

$633K

$630K

$630K

$630K

$619K

$622K

$609K

$615K

$603K

$590K

$577K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

140

4+bdrms

120

3

100

70%

66%

10

80

3bdrms

41

50%

41%

60

33%

27%

88

40

2bdrms

215

20

6% 8%

0

126

<$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

10 5 50%

143 94 66%

113 79 70%

86 28 33%

29 12 41%

15 4 27%

16 1 6%

8%

165

12 1

Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 40 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online