westvancouver DETACHED-JULY 2021
SALESTO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 30% VS2020
▲ 19% VS2020
▲ 5% VS2020
- VS2020
Therewere436detachedlistingsinWestVancouverin July,7%belowJuneand5%higherthanJuly2020. Julydetachedhomesalesdecreasedby10% month-over-month,to54,andwerethesameinJuly 2020. Thesales-to-listingratiofordetachedinWestVancouver, at12%,reflectedabalancedmarket.
THISMONTH No. $3,544,287 $2,900,000 12% 54 436
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
$2,731,838 $2,433,000 13% 54 415
0% 5%
$3,731,740 $3,162,500 13% 60 467
-5% -8% -4% -10% -7%
ThedetachedmedianpriceinJulywas$2,900,000,a8% decreasefromJuneand19%aboveJuly2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
30% 19% -5%
Theaveragesoldpricewas$3,544,287,5%belowlast monthanddown30%toJuly2020.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
444
425
420
465 467
436
415
434
373
2.59
315
350
310
300
1.77
1.70
1.66
1.67
98
79
74
75
64
60
1.43
53
29
54
54
62
60
49
$3.20M
$3.16M
$3.13M
$3.10M
$2.94M $3.03M
$2.89M
$2.90M
$2.86M
$2.80M
$2.70M
$2.54M
$2.43M
Jul-20
Jun-21
Jul-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
300
250
200
150
50%
44%
100
26%
20%
18%
50
8%
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%
1 0 n/a
2 0 n/a
5 1 20%
9 4 44%
43 11 26%
73 13 18%
301 24 8%
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
44
Made with FlippingBook - professional solution for displaying marketing and sales documents online