vancouverregion CONDO-SEPTEMBER 2021
SALESTO LISTINGSRATIO 41% SELLERS'MARKET
▶ MARKETSUMMARY Therewere5,300condolistingsintheVancouverRegion inSeptember,4%aboveAugustand36%lowerthan September2020. Septembercondosalesdecreasedby1.6% month-over-month,to2,194,andwere6%above September2020. Thesales-to-listingratioforcondosintheVancouver Region,at41%,reflectedaselers'market. ThecondomedianpriceinSeptemberwas$598,400,a 1.4%increasefromAugustand11%aboveSeptember 2020. Theaveragesoldpricewas$675,739,0.5%abovelast month;theaveragePSFsalepricewas$795,up0.5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 10% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 6% VS2020
▲ 11% VS2020
▼ 36% VS2020
▲ 6% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
2,194 5,300
2,079 8,297
10% 6% 11% 65% 6% -36%
2,230 5,103
0.5% 0.5% 1.4% -5% -1.6% 4%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$795 $675,739 $598,400 41%
$725 $636,087 $540,000 25%
$791 $672,418 $590,000 44%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2020 ● SEP 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
8,297
7,335
8,024
6,051
6,001
5,830
5,628
5,595
5,300
5,697
5,402 5,355
5,103
3,507
2,830
2,066
1,936
2,981
2,194
2,079
2,435
2,402 2,234 2,230
1,797
1,560
$598K
$590K
$585K
$588K
$583K
$575K
$575K
$550K
$540K
$542K
$532K
$532K
$530K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
28 4
4+bdrms
1200
1000
121
62% 61%
3bdrms
800
605
47%
600
31%
1,244
400
25%
2bdrms
17%
3,118
12%
200
6%
0
825
<$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
361 225 62%
1,445 882 61%
1,330 621 47%
856 266 31%
398 98 25%
290 49 17%
275 32 12%
345 21 6%
1,549
Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
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