greatervancouverboardarea CONDO-NOVEMBER 2021
SALESTO LISTINGSRATIO 54% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 13% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 14% VS2020
▲ 13% VS2020
▼ 41% VS2020
▲ 34% VS2020
Therewere3,411condolistingsintheGreater VancouverboardareainNovember,11%belowOctober and41%lowerthanNovember2020. Novembercondosalesincreasedby1.2% month-over-month,to1,829,andwere34%above November2020. Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at54%,reflectedaselers'market. ThecondomedianpriceinNovemberwas$667,500,a 1.9%increasefromOctoberand13%aboveNovember 2020. Theaveragesoldpricewas$744,787,0.3%belowlast month;theaveragePSFsalepricewas$872,up3%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,829 3,411
1,367 5,736
13% 14% 13% 125% 34% -41%
1,808 3,836
3% -0.3% 1.9% 14% 1.2% -11%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$872 $744,787 $667,500 54%
$773 $655,133 $590,000 24%
$850 $746,758 $655,000 47%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
5,736
4,780
4,714
4,486
4,465
4,397
4,441
4,288
4,210
4,165
4,166
3,836
3,41
2,689
1,808
2,283
1,476
1,829
2,048
1,786
1,766
1,367
1,678 1,632 1,631
1,189
$668K
$650K
$655K
$655K
$645K
$637K
$638K
$635K
$635K
$619K
$598K
$590K
$587K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
800
38 2
4+bdrms
86%
82%
600
127
59%
3bdrms
423
400
43%
36%
998
23%
200
2bdrms
14%
1,969
7%
0
702
<$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
134 79 59%
673 581 86%
790 647 82%
669 290 43%
322 117 36%
237 54 23%
260 37 14%
326 24 7%
981
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
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