greatervancouverboardarea CONDO-SEPTEMBER 2021
SALESTO LISTINGSRATIO 37% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 9% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 6% VS2020
▲ 8% VS2020
▼ 32% VS2020
▲ 2% VS2020
Therewere4,395condolistingsintheGreater VancouverboardareainSeptember,5%aboveAugust and32%lowerthanSeptember2020. Septembercondosalesremainedthesame month-over-month,at1,632,andwere2%above September2020. Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at37%,reflectedaselers'market. ThecondomedianpriceinSeptemberwas$655,000,a 1.6%increasefromAugustand8%aboveSeptember 2020. Theaveragesoldpricewas$738,230,0.2%belowlast month;theaveragePSFsalepricewas$870,down0.6% tolastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,632 4,395
1,594 6,429
9% 6% 8% 50% 2% -32%
1,632 4,166
0% 5%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$870 $738,230 $655,000 37%
$800 $698,742 $608,000 25%
$875 $739,437 $645,000 39%
-0.6% -0.2% 1.6% -5%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2020 ● SEP 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
6,429
5,736
6,275
4,780
4,714
4,486
4,395
4,465
4,441
4,288
4,210
2,689 4,165
4,166
2,049
1,571
1,476
2,283
1,632
1,594
1,766
1,786 1,678
1,632
1,367
1,189
$655K
$650K
$645K
$637K
$638K
$635K
$635K
$619K
$608K
$598K
$588K
$590K
$587K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1200
28 2
4+bdrms
1000
800
87
3bdrms
53% 56%
600
512
48%
400
31%
887
24%
2bdrms
17%
2,583
200
12%
6%
0
656
<$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
160 85 53%
980 546 56%
1,164 557 48%
824 252 31%
380 92 24%
281 47 17%
266 32 12%
340 21 6%
1,272
Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
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