the rennie review - October 2021

vancouverwest TOWNHOME-SEPTEMBER 2021

SALESTO LISTINGSRATIO 33% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 11% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 16% VS2020

▲ 9% VS2020

▼ 33% VS2020

▲ 14% VS2020

Therewere171townhomelistingsinVancouverWestin September,5%belowAugustand33%lowerthan September2020. Septembertownhomesalesdecreasedby22% month-over-month,to57,andwere14%above September2020. Thesales-to-listingratiofortownhomesinVancouver West,at33%,reflectedaselers'market. ThetownhomemedianpriceinSeptemberwas $1,308,000,a12%decreasefromAugustand9%above September2020. Theaveragesoldpricewas$1,589,582,4%abovelast month;theaveragePSFsalepricewas$1,081,up3%to lastmonth.

THISMONTH No. $1,081 $1,589,582 $1,308,000 33% 57 171

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$976 $1,373,774 $1,198,900 20% 50 255

11% 16% 9% 70% 14% -33%

$1,046 $1,534,678 $1,488,000 41% 73 180

-12% -18% -22% -5%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

3% 4%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● SEP 2020 ● SEP 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

243

255

231

227

222

222

219

227

187

171

185

180

180

97 96

90

73

55

46

57

50

60

57

46

34 34

$1.51M

$1.49M

$1.45M

$1.45M

$1.38M

$1.32M

$1.32M

$1.30M

$1.31M

$1.28M

$1.24M

$1.20M

$1.19M

VANCOUVERWEST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

60

4

100%

100%+

4+bdrms

18

50

73%

40

19

3bdrms

84

30

20

27%

31

23%

2bdrms

17%

63

10

0

3

<$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

3 3 100%

11 8 73%

11 14 127%

33 9 27%

61 14 23%

52 9 17%

6

Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 42 ●

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