the rennie review - July 2021

vancouverwest DETACHED-JUNE 2021

SALESTO LISTINGSRATIO 15% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 17% VS2020

▲ 8% VS2020

▲ 60% VS2020

▲ 49% VS2020

Therewere772detachedlistingsinVancouverWestin June,4%aboveMayand60%higherthanJune2020. Junedetachedhomesalesdecreasedby1.7% month-over-month,to115,andwere49%aboveJune 2020. Thesales-to-listingratiofordetachedinVancouverWest, at15%,reflectedabalancedmarket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 16% 117 745

%Change

TOTALLISTINGS TOTALSALES

15% 115 772

$3,411,701 $3,120,000 16% 77 484

17% 8% -6% 49% 60%

-4% -6% -5% -1.7% 4%

ThedetachedmedianpriceinJunewas$3,360,000,a6% decreasefromMayand8%aboveJune2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

Theaveragesoldpricewas$3,978,773,4%belowlast monthanddown17%toJune2020.

$4,124,126 $3,580,000

$3,978,773 $3,360,000

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

772

745

593

572

573

2.55

540

638

2.47

2.46

530

525

484

439

415

41

1.88

1.69

1.70

143

140

10

103

91

85

67

15

77

17

95

88

77

$3.58M

$3.52M

$3.36M

$3.30M

$3.30M

$3.23M

$3.23M

$3.12M

$3.05M

$3.03M

$3.03M

$2.97M

$2.86M

Jun-20

May-21

Jun-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

700

600

500

75%

400

300

42%

200

24%

100

11%

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+

S-LRATIO SALES INVENTORY

1 0 n/a

2 0 n/a

1 0 n/a

12 9 75%

38 16 42%

79 19 24%

639 71 11%

Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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