greatervancouverboardarea CONDO-JULY 2021
SALESTO LISTINGSRATIO 38% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 8% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 4% VS2020
▲ 10% VS2020
▼ 22% VS2020
▲ 19% VS2020
Therewere4,465condolistingsintheGreater VancouverboardareainJuly,7%belowJuneand22% lowerthanJuly2020. Julycondosalesdecreasedby6%month-over-month,to 1,679,andwere19%aboveJuly2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at38%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
1,679 4,465
1,406 5,691
10% 52% 19% -22%
1,786 4,780
-6% -7%
ThecondomedianpriceinJulywas$649,900,a2% increasefromJuneand10%aboveJuly2020. Theaveragesoldpricewas$708,220,0.5%abovelast month;theaveragePSFsalepricewas$841,up0.8%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$841 $708,220 $649,900 38%
$778 $680,267 $589,000 25%
$834 $704,988 $635,000 37%
0.8% 0.5% 2% 0.6%
8% 4%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2020 ● JUL 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
6,145
5,736
6,429
6,275
5,691
4,780
4,714
4,487
4,465
4,441
4,288
4,210
2,690 4,166
2,049
1,594 1,571
1,476
2,283
1,679
1,406
1,766
1,786
1,367
1,338
1,189
$650K
$637K
$638K
$635K
$635K
$619K
$608K
$598K
$598K
$589K
$588K
$590K
$587K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1200
32 3
4+bdrms
1000
800
91
58%
3bdrms
54%
530
50%
600
400
30%
925
25%
2bdrms
2,499
200
12%
7%
7%
0
660
<$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
200 116 58%
1,029 554 54%
1,224 611 50%
789 237 30%
361 89 25%
297 22 7%
243 29 12%
322 21 7%
1,404
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
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