vancouverregion DETACHED-JULY 2021
SALESTO LISTINGSRATIO 30% SELLER'SMARKET
▶ MARKETSUMMARY Therewere6,235detachedlistingsintheVancouver RegioninJuly,12%belowJuneand16%lowerthanJuly 2020. Julydetachedhomesalesdecreasedby15% month-over-month,to1,900,andwere10%belowJuly 2020. Thesales-to-listingratiofordetachedintheVancouver Region,at30%,reflectedaseler'smarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 23% VS2020
▲ 23% VS2020
▼ 16% VS2020
▼ 10% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,900 6,235
2,110 7,383
23% 23% 7% -10% -16%
2,231 7,107
-3% -1.2% -3% -15% -12%
ThedetachedmedianpriceinJulywas$1,450,000,a 1.2%decreasefromJuneand23%aboveJuly2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,698,565 $1,450,000 30%
$1,753,124 $1,468,000 31%
$1,382,608 $1,180,000 29%
Theaveragesoldpricewas$1,698,565,3%belowlast monthanddown23%toJuly2020.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,569
7,107
7,015
7,383
7,599 7,599
7,333
5,980
5,968
6,235
1.86
1.85
1.83
4,502
3,503
4,379
4,282
1.37
2,751
1.34
2,420
2,338
3,041
1,998
1.22
2,10
2,420
1,900
2,231
2,16
2,074
1,489
$1.50M
$1.48M $1.41M
$1.47M
$1.45M
$1.45M
$1.35M
$1.30M
$1.27M
$1.25M
$1.24M
$1.18M
$1.18M
Jul-20
Jun-21
Jul-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1500
86%
85%
64%
1000
53%
45%
33%
500
22%
15%
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+ 1,792 143 8%
S-LRATIO SALES INVENTORY
114 51 45%
74 47 64%
182 157 86%
404 342 85%
822 439 53%
1,360 449 33%
746 161 22%
741 111 15%
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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