westvancouver CONDO-SEPTEMBER 2021
SALESTO LISTINGSRATIO 35% SELLERS'MARKET
▶ MARKETSUMMARY Therewere57condolistingsinWestVancouverin September,nochangetoAugustand61%lowerthan September2020. Septembercondosalesincreasedby5% month-over-month,to20,andwere5%belowSeptember 2020. Thesales-to-listingratioforcondosinWestVancouver, at35%,reflectedaselers'market. ThecondomedianpriceinSeptemberwas$1,167,500,a 6%decreasefromAugustand14%belowSeptember 2020. Theaveragesoldpricewas$1,267,550,8%belowlast month;theaveragePSFsalepricewas$1,042,down2% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▼ 4% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▼ 16% VS2020
▼ 14% VS2020
▼ 61% VS2020
▼ 5% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
20 57
$1,084 $1,501,470 $1,350,000 14% 21 145
-4% -16% -14% 142% -5% -61%
19 57
5% 5% 0%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$1,042 $1,267,550 $1,167,500 35%
$1,068 $1,374,868 $1,245,000 33%
-2% -8% -6%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2020 ● SEP 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
145
19
132
96
95
84 82
93
89
81
69
57
57
32
28
23
21
18
21
1
20
21
19
19
19
15
$1.35M
$1.25M
$1.25M
$1.20M
$1.17M
$1.05M
$995K
$985K
$950K
$939K
$900K
$755K
$735K
WESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
14
100%
12
4+bdrms
10
8
1
60% 63%
3bdrms
5
6
43%
40%
4
15
2bdrms
20% 23%
33
13%
2
0
4
<$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
1 1 100%
5 2 40%
8 1 13%
5 3 60%
8 5 63%
7 3 43%
10 2 20%
13 3 23%
19
Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 45 ●
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