vancouverregion CONDO-JUNE 2021
SALESTO LISTINGSRATIO 40% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 6% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 6% VS2020
▲ 12% VS2020
▼ 12% VS2020
▲ 59% VS2020
Therewere6,053condolistingsintheVancouverRegion inJune,0.8%aboveMayand12%lowerthanJune2020.
Junecondosalesdecreasedby15%month-over-month, to2,403,andwere59%aboveJune2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheVancouver Region,at40%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
2,403 6,053
1,507 6,866
12% 81% 59% -12%
2,831 6,002
0% 0.6% 0.2% -16% -15% 0.8%
ThecondomedianpriceinJunewas$575,000,a0.2% increasefromMayand12%aboveJune2020. Theaveragesoldpricewas$644,505,0.6%abovelast month;theaveragePSFsalepricewas$756,up0.0%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$756 $644,505 $575,000 40%
$714 $606,620 $515,000 22%
$756 $640,859 $574,000 47%
6% 6%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 2020 ● JUN 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,474
7,335
8,297
8,024
8,002
6,866
6,002
5,831
5,595
6,053
5,697
5,401
3,509 5,355
2,831
2,081 2,066
2,985
1,936
2,403
1,829
2,436
1,507
1,797
1,755
1,560
$588K
$585K
$574K
$575K
$550K
$539K
$540K
$542K
$531K
$532K
$532K
$530K
$515K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
37 1
4+bdrms
1500
132
58% 55%
3bdrms
1000
697
45%
27%
1,398
500
23%
2bdrms
3,430
13% 13%
6%
0
872
<$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
535 312 58%
1,802 988 55%
1,524 680 45%
881 237 27%
393 90 23%
302 39 13%
277 37 13%
339 20 6%
1,889
Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
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