vancouverwest DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 16% BALANCEDMARKET
▶ MARKETSUMMARY Therewere628detachedlistingsinVancouverWestin November,7%belowOctoberand20%higherthan November2020. Novemberdetachedhomesalesdecreasedby8% month-over-month,to100,andwere5%above November2020. Thesales-to-listingratiofordetachedinVancouverWest, at16%,reflectedabalancedmarket. ThedetachedmedianpriceinNovemberwas $3,665,000,a15%increasefromOctoberand23%above November2020. Theaveragesoldpricewas$4,206,943,13%abovelast monthandup24%toNovember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2020
▲ 23% VS2020
▲ 20% VS2020
▲ 5% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 16% 109 677
%Change
TOTALLISTINGS TOTALSALES
16% 100 628
$3,400,453 $2,970,000 18% 95 525
24% 23% -12% 5% 20%
-8% -7%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
13% 15% -1.1%
$3,725,985 $3,200,000
$4,206,943 $3,665,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
737
772
745
731
728
677
628
2.49
540
638
2.30
2.28
525
2.01
439
41 415
1.70
1.59
143
140
15
109
85
67
100
95
17
92
88
73 83
$3.67M
$3.58M
$3.52M
$3.36M
$3.30M
$3.30M
$3.30M
$3.23M
$3.20M
$3.20M
$3.14M
$2.97M
$2.86M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
600
500
400
67%
300
38%
200
33%
100
13%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
3 0 n/a
3 2 67%
24 8 33%
52 20 38%
546 70 13%
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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