westvancouver CONDO-APRIL 202
SALESTO LISTINGSRATIO 21% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 9% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 20% VS2021
▲ 66% VS2021
▼ 19% VS2021
▼ 50% VS2021
Therewere66condolistingsinWestVancouverinApril, 47%aboveMarchand19%lowerthanApril2021.
Aprilcondosalesincreasedby56%month-over-month, to14,andwere50%belowApril2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosinWestVancouver, at21%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
14 66
28 81
9% 20% 66% -39% -50% -19%
$953 $1,055,500 $755,000 20% 9 45
13% 39% 66% 6% 56% 47%
ThecondomedianpriceinAprilwas$1,255,000,a66% increasefromMarchand66%aboveApril2021. Theaveragesoldpricewas$1,464,214,39%abovelast month;theaveragePSFsalepricewas$1,081,up13%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$1,081 $1,464,214 $1,255,000 21%
$995 $1,223,662 $755,000 35%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
81
84
82
66
69
57
48
57
51
36
45
39
28
32
21
21
18
20
20
19
19
19 18
14
13
9
$1.28M
$1.25M
$1.25M
$1.17M
$1.09M
$1.07M
$1.01M
$985K
$913K
$825K
$755K
$755K
$735K
WESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
20
100%+
4+bdrms
15
3
3bdrms
10
10
43%
7
5
2bdrms
17%
16%
37
13% 14%
7%
0
4
<$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 0 n/a
7 3 43%
6 1 17%
8 1 13%
7 1 14%
3 4 133%
15 1 7%
19 3 16%
19
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 49 ●
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