greatervancouverboardarea DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 34% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 25% VS2020
▲ 25% VS2020
▼ 23% VS2020
▼ 7% VS2020
Therewere2,876detachedlistingsintheGreater VancouverboardareainNovember,10%belowOctober and23%lowerthanNovember2020. Novemberdetachedhomesalesdecreasedby10% month-over-month,to988,andwere7%below November2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at34%,reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $1,850,000,a5%increasefromOctoberand25%above November2020. Theaveragesoldpricewas$2,186,986,6%abovelast monthandup25%toNovember2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
34% 988 2,876
1,063 3,742
25% 25% 21% -7% -23%
1,093 3,181
-10% -10%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,069,263 $1,755,000 34%
6% 5% 0%
$1,747,558 $1,484,000 28%
$2,186,986 $1,850,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,523
4,741
4,389
3,742
3,664
3,656
1.88
4,051
1.85
1.85
3,688
3,181
2,876
2,905
2,864
2,762
1.50
1.45
1,960
1,652
1.34
1,264
1,093
1,020
1,422
1,063
988
1,223
1,044
937
951
739
$1.85M
$1.76M
$1.70M
$1.67M
$1.65M $1.60M
$1.65M
$1.63M
$1.63M
$1.61M
$1.52M
$1.50M
$1.48M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
1200
87%
1000
75%
73%
800
600
47%
41%
40%
31%
400
26%
12%
200
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+ 1,277 153 12%
S-LRATIO SALES INVENTORY
35 14 40%
32 10 31%
58 27 47%
69 52 75%
167 145 87%
450 327 73%
378 154 41%
410 106 26%
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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