vancouverwest DETACHED-JULY 2021
SALESTO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 1.1% VS2020
▲ 5% VS2020
▲ 38% VS2020
▲ 19% VS2020
Therewere731detachedlistingsinVancouverWestin July,5%belowJuneand38%higherthanJuly2020. Julydetachedhomesalesdecreasedby20% month-over-month,to92,andwere19%aboveJuly 2020. Thesales-to-listingratiofordetachedinVancouverWest, at13%,reflectedabalancedmarket.
THISMONTH No. $3,635,375 $3,200,000 13% 92 731
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 15% 115 772
%Change
TOTALLISTINGS TOTALSALES
$3,594,619 $3,050,000 15% 77 530
1.1% 5% -13% 19% 38%
-16% -20% -5%
ThedetachedmedianpriceinJulywas$3,200,000,a5% decreasefromJuneand5%aboveJuly2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$3,635,375,9%belowlast monthanddown1.1%toJuly2020.
$3,978,773 $3,360,000
-9% -5%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
731
772
745
572 593
573
2.55
2.50
2.51
540
638
525
530
439
41 415
1.70
1.66
1.64
143
140
15
10
103
91
85
67
92
77
17
95
88
$3.58M
$3.52M
$3.36M
$3.30M
$3.30M
$3.23M
$3.23M
$3.20M
$3.05M
$3.03M
$3.03M
$2.97M
$2.86M
Jul-20
Jun-21
Jul-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
600
500
400
50%
300
43%
33%
200
30%
100
9%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
2 1 50%
2 0 n/a
1 0 n/a
10 3 30%
30 13 43%
66 22 33%
620 53 9%
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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