vancouverregion DETACHED-JUNE 2021
SALESTO LISTINGSRATIO 31% SELLER'SMARKET
▶ MARKETSUMMARY Therewere7,106detachedlistingsintheVancouver RegioninJune,6%belowMayand2%lowerthanJune 2020. Junedetachedhomesalesdecreasedby19% month-over-month,to2,232,andwere40%aboveJune 2020. Thesales-to-listingratiofordetachedintheVancouver Region,at31%,reflectedaseler'smarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 27% VS2020
▲ 28% VS2020
▼ 2% VS2020
▲ 40% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
2,232 7,106
1,600 7,281
27% 28% 43% 40% -2%
2,752 7,568
2% 1.2% -14% -19% -6%
ThedetachedmedianpriceinJunewas$1,468,000,a 1.2%increasefromMayand28%aboveJune2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,752,748 $1,468,000 31%
$1,710,431 $1,450,000 36%
$1,382,300 $1,150,000 22%
Theaveragesoldpricewas$1,752,748,2%abovelast monthandup27%toJune2020.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,568
7,015
7,281
7,599 7,599
7,106
7,383
7,333
5,980
5,968
1.87
1.86
1.82
4,502
3,506
4,379
4,282
1.37
2,752
1.35
2,420
2,338
2,10
3,042
1.23
1,998
2,232
2,421
2,16
1,600
2,074
1,489
$1.50M
$1.48M $1.41M
$1.47M
$1.45M
$1.35M
$1.30M
$1.27M
$1.25M
$1.24M
$1.18M
$1.18M
$1.15M
Jun-20
May-21
Jun-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
2000
1500
77%
70%
1000
50%
47%
36%
33%
500
22%
16%
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+ 1,863 180 10%
S-LRATIO SALES INVENTORY
112 37 33%
96 45 47%
269 187 70%
525 403 77%
1,002 502 50%
1,573 564 36%
866 187 22%
800 127 16%
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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