highlights • MLS sales in the Vancouver Region dipped below the 5,000-mark in September 2021 (to 4,943) for the first time since January. The month-over-month drop was 4%, which was consistent with the typical seasonal decline from August to September. • Though sales were down 14% from a particularly active September 2020, they were still 29% above the previous 10-year average. • The year-over-year decrease in sales in September was driven by detached homes and townhomes, with sales down 27% and 22%, respectively. This was largely driven by buyers having gravitated to these home types last year, pushing up sales. September 2021 condo sales were up 5% relative to September 2020, and up 51% over the long-term average, as condo sales continue their recovery in 2021.
THE RENNIE ADVANCE
sales
SEPTEMBER 2021
6HSWHPEHU
\U6HS$YJ YV\U6HS $YJ
DETACHED sales
YV6HS
6HSWHPEHU
\U6HS$YJ YV\U6HS $YJ
YV6HS
TOWNHOME sales
6HSWHPEHU
YV6HS
\U6HS$YJ YV\U6HS $YJ
CONDO sales
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 4, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
Made with FlippingBook - professional solution for displaying marketing and sales documents online