vancouverregion CONDO-NOVEMBER 2021
SALESTO LISTINGSRATIO 60% SELLERS'MARKET
▶ MARKETSUMMARY Therewere4,070condolistingsintheVancouverRegion inNovember,12%belowOctoberand45%lowerthan November2020. Novembercondosalesincreasedby3% month-over-month,to2,443,andwere36%above November2020. Thesales-to-listingratioforcondosintheVancouver Region,at60%,reflectedaselers'market. ThecondomedianpriceinNovemberwas$619,900,a 2.0%increasefromOctoberand17%aboveNovember 2020. Theaveragesoldpricewas$690,479,0.2%abovelast month;theaveragePSFsalepricewas$808,up2%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 16% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 15% VS2020
▲ 17% VS2020
▼ 45% VS2020
▲ 36% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
2,443 4,070
1,797 7,335
16% 15% 17% 145% 36% -45%
2,363 4,615
2% 0.2% 2% 17% 3% -12%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$808 $690,479 $619,900 60%
$699 $598,834 $532,000 24%
$789 $688,875 $608,000 51%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,335
6,051
6,001
5,830
5,628
5,595
5,302
5,697
5,402
5,355
5,103
4,615
4,070
3,507
2,829
2,363
2,980
2,443
1,936
2,435
2,402
1,797
2,234 2,230
2,193
1,560
$620K
$608K
$598K
$588K
$590K
$585K
$583K
$574K
$575K
$550K
$542K
$532K
$530K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1000
40 2
4+bdrms
92%
85%
800
76%
164
600
3bdrms
467
43%
400
36%
1,385
22%
2bdrms
200
15%
2,379
7%
0
892
<$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
247 187 76%
1,020 936 92%
912 774 85%
704 304 43%
344 124 36%
246 54 22%
266 40 15%
331 24 7%
1,184
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
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