vancouverregion DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 43% SELLERS'MARKET
▶ MARKETSUMMARY Therewere4,182detachedlistingsintheVancouver RegioninNovember,11%belowOctoberand30%lower thanNovember2020. Novemberdetachedhomesalesdecreasedby4% month-over-month,to1,798,andwere15%below November2020. Thesales-to-listingratiofordetachedintheVancouver Region,at43%,reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $1,686,750,a5%increasefromOctoberand33%above November2020. Theaveragesoldpricewas$1,963,614,5%abovelast monthandup31%toNovember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 31% VS2020
▲ 33% VS2020
▼ 30% VS2020
▼ 15% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,798 4,182
2,116 5,980
31% 33% 22% -15% -30%
1,881 4,695
5% 5% 7% -4% -11%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,963,614 $1,686,750 43%
$1,863,750 $1,600,000 40%
$1,501,549 $1,270,000 35%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,569
7,107
7,333
5,980
5,968
1.91
1.91
1.88
5,397
6,236
5,531
4,695
4,182
4,502
3,503
4,379
4,282
1.43
1.40
2,750
3,039
1,997
1.25
1,881
2,16
2,418
1,798
2,227
1,899
1,791
1,698
1,489
$1.69M
$1.60M
$1.54M
$1.50M
$1.48M $1.41M
$1.48M
$1.46M
$1.45M
$1.45M
$1.35M
$1.30M
$1.27M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1500
95%
87%
81%
67%
1000
51%
44%
42%
500
27%
12%
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+ 1,600 199 12%
S-LRATIO SALES INVENTORY
91 46 51%
45 20 44%
94 63 67%
159 139 87%
351 335 95%
766 623 81%
540 227 42%
536 146 27%
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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