the rennie review - August 2021

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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