the rennie review - August 2021

vancouvereast CONDO-JULY 2021

SALESTO LISTINGSRATIO 37% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 4% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 3% VS2020

▲ 3% VS2020

▼ 18% VS2020

▲ 1.2% VS2020

Therewere427condolistingsinVancouverEastinJuly, 0.5%aboveJuneand18%lowerthanJuly2020.

Julycondosalesdecreasedby28%month-over-month,to 158,andwere1.3%aboveJuly2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 30% 156 519

%Change

No. 53% 224 425

%Change

Thesales-to-listingratioforcondosinVancouverEast,at 37%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

37% 158 427

4% 3% 3% 23% 1.3% -18%

-3% -1.9% 1.2% -30% -29% 0.5%

ThecondomedianpriceinJulywas$630,000,a1.2% increasefromJuneand3%aboveJuly2020. Theaveragesoldpricewas$672,114,1.9%belowlast month;theaveragePSFsalepricewas$887,down3%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$887 $672,114 $630,000

$911 $685,402 $622,250

$853 $653,077 $609,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

570

555

626

614

519

447

41

427

382

365

425

404

373

314

224

198

244

150

221

158

156

185

175

161

154

98

$633K

$634K

$633K

$630K

$630K

$630K

$630K

$622K

$609K

$615K

$603K

$590K

$577K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

140

2 1

4+bdrms

120

100

7

80

3bdrms

38

50%

45%

60

42%

40

27%

67

2bdrms

20%

15% 17%

234

20

0

83

<$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

11 5 45%

136 68 50%

124 52 42%

79 21 27%

40 8 20%

13 2 15%

12 2 17%

12 0 n/a

153

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 40 ●

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