the rennie review - December 2021

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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