vancouverregion CONDO-JULY 2021
SALESTO LISTINGSRATIO 40% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 8% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 4% VS2020
▲ 10% VS2020
▼ 25% VS2020
▲ 22% VS2020
Therewere5,627condolistingsintheVancouverRegion inJuly,7%belowJuneand25%lowerthanJuly2020.
Julycondosalesdecreasedby7%month-over-month,to 2,237,andwere22%aboveJuly2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheVancouver Region,at40%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
2,237 5,627
1,829 7,474
10% 62% 22% -25%
2,402 6,051
-7% -7%
ThecondomedianpriceinJulywas$583,000,a1.4% increasefromJuneand10%aboveJuly2020. Theaveragesoldpricewas$647,253,0.4%abovelast month;theaveragePSFsalepricewas$763,up1.0%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$763 $647,253 $583,000 40%
$706 $620,989 $530,800 24%
$756 $644,430 $575,000 40%
1% 0.4% 1.4% 0.1%
8% 4%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2020 ● JUL 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,335
8,297
8,024
7,474
8,002
6,051
6,001
5,831
5,595
5,627
5,697
5,402
3,508 5,356
2,831
2,079
2,066
1,936
2,981
2,237
2,435
2,402
1,829
1,797
1,755
1,560
$588K
$585K
$583K
$574K
$575K
$550K
$539K
$540K
$542K
$531K
$532K
$532K
$530K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
38 3
1500
4+bdrms
1000
116
62%
3bdrms
54%
647
46%
500
29%
1,285
24%
2bdrms
3,200
11%
8%
7%
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
833
S-LRATIO SALES INVENTORY
479 299 62%
1,636 883 54%
1,417 646 46%
830 241 29%
382 93 24%
301 24 8%
254 29 11%
328 22 7%
<2bdrms
1,742
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
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