vancouvereast CONDO-APRIL 202
SALESTO LISTINGSRATIO 50% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 6% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 6% VS2021
▲ 9% VS2021
▼ 14% VS2021
▼ 27% VS2021
Therewere354condolistingsinVancouverEastinApril, 8%aboveMarchand14%lowerthanApril2021.
Aprilcondosalesdecreasedby26%month-over-month, to178,andwere27%belowApril2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 59% 244 411
%Change
No. 73% 240 327
%Change
Thesales-to-listingratioforcondosinVancouverEast,at 50%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
50% 178 354
-15% -27% -14%
-1.6% 1.6% 0.9% -31% -26% 8%
ThecondomedianpriceinAprilwas$686,000,a0.9% increasefromMarchand9%aboveApril2021. Theaveragesoldpricewas$755,505,1.6%abovelast month;theaveragePSFsalepricewas$979,down1.6% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$979 $755,505 $686,000
$994 $743,621 $680,000
$923 $714,855 $630,000
6% 6% 9%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
427
447
421
41
425
351
384
354
319
368
327
224
275
244
247
240
178
174
221
191
178
158
155 154
144
142
$709K
$690K
$686K
$680K
$662K
$645K
$642K
$633K
$630K
$622K
$630K
$617K
$600K
VANCOUVEREAST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100
4+bdrms
2
80
71%
67%
6
3bdrms
56%
60
38
48%
44%
40%
40
81
21%
2bdrms
20
172
0
91
<$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
9 6 67%
66 47 71%
112 63 56%
92 37 40%
29 14 48%
16 7 44%
19 4 21%
11 0 n/a
142
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 43 ●
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