westvancouver DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY Therewere363detachedlistingsinWestVancouverin November,10%belowOctoberand3%lowerthan November2020. Novemberdetachedhomesalesdecreasedby28% month-over-month,to44,andwere29%below November2020. Thesales-to-listingratiofordetachedinWestVancouver, at12%,reflectedabalancedmarket. ThedetachedmedianpriceinNovemberwas $2,714,000,a3%increasefromOctoberand5%below November2020. Theaveragesoldpricewas$3,193,691,9%belowlast monthanddown-2%toNovember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▼ 1.9% VS2020
▼ 5% VS2020
▼ 3% VS2020
▼ 28% VS2020
THISMONTH No. $3,193,691 $2,714,000 12% 44 363
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$3,257,293 $2,860,000 17% 62 373
-27% -29% -3%
$3,505,700 $2,625,000 15% 61 403
-20% -28% -10%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
-9% 3%
-2% -5%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
436
420
467
465
436
373
414
1.83
403
363
1.78
315
350
310
300
1.32
1.21
98
79
75
61
59
53
54
42
41
62
29
44
60
$3.20M
$3.13M
$3.15M
$3.10M
$2.94M $3.03M
$2.97M
$2.95M
$2.90M
$2.86M
$2.80M
$2.71M
$2.63M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
300
250
200
150
50%
42%
100
32%
25%
50
7%
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
2 1 50%
1 0 n/a
0 1 n/a
1 0 n/a
1 0 n/a
12 5 42%
19 6 32%
48 12 25%
279 19 7%
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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