the rennie review - August 2021

westvancouver CONDO-JULY 2021

SALESTO LISTINGSRATIO 30% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 0.4% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▼ 16% VS2020

▼ 1.5% VS2020

▼ 53% VS2020

▲ 133% VS2020

Therewere69condolistingsinWestVancouverinJuly, 16%belowJuneand53%lowerthanJuly2020.

Julycondosalesincreasedby11%month-over-month,to 21,andwere133%aboveJuly2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosinWestVancouver, at30%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

21 69

$1,062 $1,702,111 $1,000,000 6% 9 146

0.5% -16% -1.5% 394% 133% -53%

19 82

24% 46% 34% 31% 11% -16%

ThecondomedianpriceinJulywas$985,000,a34% increasefromJuneand1.5%belowJuly2020. Theaveragesoldpricewas$1,426,538,46%abovelast month;theaveragePSFsalepricewas$1,067,up24%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$1,067 $1,426,538 $985,000 30%

$863 $976,868 $735,000 23%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

146

132

145 145

19

95 96

84

82

93

89

81

69

32

28

23

21

18

21

1

1

21

19

19

9

15

$1.35M

$1.25M

$1.20M

$1.05M

$1.00M

$995K

$985K

$950K

$939K

$900K

$900K

$755K

$735K

WESTVANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

15

4+bdrms

1

83%

2

10

57%

3bdrms

56%

7

5

13

24%

2bdrms

18%

44

13%

0

6

<$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

1 0 n/a

8 1 13%

9 5 56%

6 5 83%

7 4 57%

10 0 n/a

11 2 18%

17 4 24%

17

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 45 ●

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