the rennie review - August 2021

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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