greatervancouverboardarea CONDO-APRIL 202
SALESTO LISTINGSRATIO 46% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 16% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 15% VS2021
▲ 15% VS2021
▼ 18% VS2021
▼ 26% VS2021
Therewere3,682condolistingsintheGreater VancouverboardareainApril,14%aboveMarchand 18%lowerthanApril2021. Aprilcondosalesdecreasedby27%month-over-month, to1,695,andwere26%belowApril2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at46%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
1,695 3,682
2,283 4,486
16% 15% 15% -10% -26% -18%
2,313 3,225
1.1% 0.9% -0.7% -36% -27% 14%
ThecondomedianpriceinAprilwas$735,000,a0.7% decreasefromMarchand15%aboveApril2021. Theaveragesoldpricewas$841,291,0.9%abovelast month;theaveragePSFsalepricewas$979,up1.1%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$979 $841,291 $735,000 46%
$843 $729,371 $638,000 51%
$969 $834,006 $740,000 72%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,397
4,486
4,780
4,714
4,465
4,166
3,412
3,682
3,838
2,856
3,225
2,313
2,048
2,283
2,546
1,863
1,808 1,827
2,396
1,695
1,785
1,678
1,632
1,630
1,464
1,316
$740K
$735K
$735K
$725K
$680K
$668K
$650K
$655K
$655K
$645K
$638K
$635K
$635K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1000
35 1
4+bdrms
800
65% 62%
600
119
3bdrms
455
49%
400
40%
33%
29%
884
2bdrms
17%
200
2,037
12%
0
691
<$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
91 30 33%
581 375 65%
980 612 62%
729 357 49%
368 146 40%
279 81 29%
309 53 17%
345 41 12%
1,155
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 10 ●
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