highlights • For the fourth consecutive month, MLS sales in the Vancouver Region fell, most recently to 5,250 in July 2021. The 12% month-over-month drop was higher than the typical 9% seasonal decline in sales between June and July. That said, the month’s sales tally was 2% higher than in July 2020, and 18% higher than the past-decade July average. • The marginal 2% year-over-year increase in sales in July was driven entirely by condos, with last month’s sales up 22% versus last year. Detached and townhome sales created drag on the overall sales count, with transactions of these home types sitting 10 and 9 percent below last year’s levels, respectively.
THE RENNIE ADVANCE
sales
JULY
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
July
10yr Jul Avg 1,925
1,904
DETACHED sales
vs Jul 2020 10%
vs 10yr Jul Avg 1.1%
0 500
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
1,000 1,200 1,400 1,600 1,800
July
vs 10yr Jul Avg 22%
996
10yr Jul Avg 819
0 200 400 600 800
vs Jul 2020 9%
TOWNHOME sales
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
1,000 1,500 2,000 2,500 3,000 3,500 4,000
July
vs Jul 2020 22%
vs 10yr Jul Avg 37%
2,232
10yr Jul Avg 1,624
CONDO sales
0 500
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of August 2, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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