vancouverwest CONDO-APRIL 202
SALESTO LISTINGSRATIO 42% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 13% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 13% VS2021
▲ 8% VS2021
▼ 25% VS2021
▼ 17% VS2021
Therewere513condolistingsinVancouverWestin April,8%aboveMarchand25%lowerthanApril2021.
Aprilcondosalesdecreasedby21%month-over-month, to217,andwere17%belowApril2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 38% 260 688
%Change
No. 58% 276 475
%Change
Thesales-to-listingratioforcondosinVancouverWest, at42%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
42% 217 513
13% 13% 8% 12% -17% -25%
-27% -21% 8%
ThecondomedianpriceinAprilwas$908,242,a3% increasefromMarchand8%aboveApril2021. Theaveragesoldpricewas$1,029,565,4%abovelast month;theaveragePSFsalepricewas$1,193,up4%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$1,193 $1,029,565 $908,242
$1,146 $993,134 $879,000
4% 4% 3%
$1,056 $914,639 $839,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
653
688
697
693
602
646
552
597
513
427
446 475
398
276
251
236
260
208
209
195
217
214
204
179
167
145
$923K
$908K
$899K
$890K
$879K
$865K
$860K
$839K
$842K
$815K
$817K
$806K
$787K
VANCOUVERWEST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100%
100
4+bdrms
5
80
77%
17
60%
60
3bdrms
54%
83
40%
40
103
25% 23%
2bdrms
20
275
11%
0
97
<$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
1 1 100%
35 14 40%
69 53 77%
108 65 60%
71 38 54%
84 21 25%
80 18 23%
65 7 11%
150
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 47 ●
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