greatervancouverboardarea DETACHED-JULY 2021
SALESTO LISTINGSRATIO 26% SELLER'SMARKET
▶ MARKETSUMMARY Therewere4,050detachedlistingsintheGreater VancouverboardareainJuly,10%belowJuneand8% lowerthanJuly2020. Julydetachedhomesalesdecreasedby18% month-over-month,to1,044,andwere7%belowJuly 2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at26%,reflectedaseler'smarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 20% VS2020
▲ 18% VS2020
▼ 8% VS2020
▼ 7% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,044 4,050
1,119 4,397
-7% -8%
1,266 4,523
-3% -1.5% -8% -18% -10%
ThedetachedmedianpriceinJulywas$1,611,000,a 1.5%decreasefromJuneand18%aboveJuly2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,919,895 $1,611,000 26%
$1,983,396 $1,635,000 28%
$1,604,275 $1,365,000 25%
20% 18% 1.3%
Theaveragesoldpricewas$1,919,895,3%belowlast monthanddown20%toJuly2020.
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,523
4,741
4,389
4,237
4,397
4,580
4,540
4,050
3,742
3,664
1.80
1.79
1.74
2,905
2,864
2,762
1.43
1.38
1,960
1.33
1,653
1,308 1,343
1,266
1,020
1,19
1,423
1,044
1,223
1,098
1,063
739
$1.70M
$1.65M $1.60M
$1.64M
$1.63M
$1.61M
$1.52M
$1.50M
$1.48M
$1.44M
$1.44M
$1.38M
$1.37M
Jul-20
Jun-21
Jul-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
1200
86%
76%
74%
1000
800
48%
600
40%
34%
400
24%
16%
200
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+ 1,403 116 8%
S-LRATIO SALES INVENTORY
52 21 40%
43 32 74%
77 66 86%
161 123 76%
373 180 48%
870 293 34%
510 124 24%
561 89 16%
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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