vancouverregion CONDO-APRIL 202
SALESTO LISTINGSRATIO 48% SELLERS'MARKET
▶ MARKETSUMMARY Therewere4,678condolistingsintheVancouverRegion inApril,15%aboveMarchand20%lowerthanApril 2021. Aprilcondosalesdecreasedby28%month-over-month, to2,249,andwere25%belowApril2021.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 18% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 17% VS2021
▲ 16% VS2021
▼ 20% VS2021
▼ 25% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheVancouver Region,at48%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
2,249 4,678
2,980 5,830
18% 17% 16% -6% -25% -20%
3,117 4,073
0.8% 1.2% -0.7% -37% -28% 15%
ThecondomedianpriceinAprilwas$680,000,a0.7% decreasefromMarchand16%aboveApril2021. Theaveragesoldpricewas$783,177,1.2%abovelast month;theaveragePSFsalepricewas$909,up0.8%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$909 $783,177 $680,000 48%
$773 $669,825 $588,400 51%
$902 $773,892 $685,000 77%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
5,628
5,830
6,051
5,302
6,001
5,103
4,678
4,072
4,617
3,620
4,073
3,17
2,829
2,980
2,363 2,441
2,230
2,966
2,769
2,401
2,382
2,249
2,234
2,192
2,007
1,732
$695K
$685K
$680K
$670K
$628K
$620K
$608K
$598K
$588K
$590K
$583K
$574K
$575K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
35 1
1200
4+bdrms
1000
800
149
62% 61%
3bdrms
517
49%
600
41%
39%
400
29%
1,211
2bdrms
17%
2,661
13%
200
0
888
<$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
164 68 41%
1,081 666 62%
1,296 788 61%
786 389 49%
394 155 39%
292 84 29%
317 55 17%
348 44 13%
1,465
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 7 ●
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