vancouverwest CONDO-JULY 2021
SALESTO LISTINGSRATIO 27% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 3% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▼ 7% VS2020
▲ 6% VS2020
▼ 8% VS2020
▲ 24% VS2020
Therewere1,552condolistingsinVancouverWestin July,7%belowJuneand8%lowerthanJuly2020.
Julycondosalesdecreasedby1.2%month-over-month, to422,andwere24%aboveJuly2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosinVancouverWest, at27%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
27% 422 1,552
20% 340 1,684
3% -7% 6% 35% 24% -8%
26% 427 1,663
2% -2% 0.6% 6% -1.2% -7%
ThecondomedianpriceinJulywas$780,000,a0.6% increasefromJuneand6%aboveJuly2020. Theaveragesoldpricewas$896,127,2%belowlast month;theaveragePSFsalepricewas$1,090,down2% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$1,090 $896,127 $780,000
$1,064 $914,958 $775,000
$1,057 $959,577 $735,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2020 ● JUL 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,762
1,955
1,935
1,663
1,810
1,684
1,529
1,552
1,587
1,299
1,352
1,309
1,280
625
515
378
365
359
422
508
340
443
427
344
314
282
$818K
$780K
$775K
$770K
$775K
$760K
$757K
$765K
$753K
$740K
$743K
$735K
$735K
VANCOUVERWEST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
350
300
4+bdrms
17
250
19
200
3bdrms
199
48% 45%
150
36%
33%
100
27%
179
2bdrms
761
13%
50
7%
6%
0
224
<$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
21 7 33%
137 66 48%
332 151 45%
281 101 36%
181 48 27%
173 12 7%
168 22 13%
259 15 6%
575
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 43 ●
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