the rennie review - July 2021

greatervancouverboardarea DETACHED-JUNE 2021

SALESTO LISTINGSRATIO 28% SELLER'SMARKET

▶ MARKETSUMMARY Therewere4,522detachedlistingsintheGreater VancouverboardareainJune,5%belowMayand5% higherthanJune2020. Junedetachedhomesalesdecreasedby11% month-over-month,to1,266,andwere47%aboveJune 2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at28%,reflectedaseler'smarket.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 22% VS2020

▲ 21% VS2020

▲ 5% VS2020

▲ 47% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,266 4,522

20% 862 4,313

22% 21% 40% 47% 5%

1,423 4,740

3% 0.3% -7% -11% -5%

ThedetachedmedianpriceinJunewas$1,635,000,a 0.3%increasefromMayand21%aboveJune2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,983,417 $1,635,000 28%

$1,934,826 $1,630,000 30%

Theaveragesoldpricewas$1,983,417,3%abovelast monthandup22%toJune2020.

$1,624,110 $1,346,550

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

4,740

4,389

4,237

4,522

4,313

4,580

4,540

4,397

3,742

3,664

1.81

1.80

1.70

2,905

2,864

2,762

1.43

1.42

1,960

1.35

1,653

1,308 1,343

1,19

1,020

1,266

1,423

1,223

862

1,098

1,063

739

$1.70M

$1.65M $1.60M

$1.64M

$1.63M

$1.52M

$1.50M

$1.48M

$1.44M

$1.44M

$1.38M

$1.37M

$1.35M

Jun-20

May-21

Jun-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1600

1400

93%

1200

1000

58%

800

48%

600

39%

38%

400

23%

22%

16%

10%

200

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+ 1,458 149 10%

S-LRATIO SALES INVENTORY

54 12 22%

52 20 38%

117 68 58%

177 165 93%

466 225 48%

998 389 39%

605 140 23%

595 98 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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