greatervancouverboardarea CONDO-MAY 2021
SALESTO LISTINGSRATIO 43% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 4% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 5% VS2020
▲ 10% VS2020
▲ 6% VS2020
▲ 211% VS2020
Therewere4,713condolistingsintheGreater VancouverboardareainMay,5%aboveApriland6% higherthanMay2020. Maycondosalesdecreasedby10%month-over-month, to2,050,andwere211%aboveMay2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at43%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
2,050 4,713
15% 659 4,456
194% 211% 6%
2,287 4,488
-0.1% -3% -0.3% -15% -10% 5%
ThecondomedianpriceinMaywas$635,000,a0.3% decreasefromApriland10%aboveMay2020. Theaveragesoldpricewas$708,423,3%belowlast month;theaveragePSFsalepricewas$842,down0.1% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$842 $708,423 $635,000 43%
$842 $729,092 $637,000 51%
$812 $675,725 $578,000
4% 5% 10%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
6,145
5,736
6,429
6,275
5,222
5,691
4,488
4,713
4,456
4,441
4,288 4,210
2,691 4,166
2,050
1,596
1,571
1,476
2,287
1,406
1,109
1,767
1,367
1,338
1,189
659
$636K
$637K
$635K
$619K
$608K
$598K
$598K
$590K
$585K
$589K
$588K
$587K
$578K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
32 2
1200
4+bdrms
1000
66%
123
800
3bdrms
55%
554
50%
600
30% 31%
400
1,082
2bdrms
19%
14%
2,653
200
8%
0
843
<$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
238 119 50%
1,139 748 66%
1,302 710 55%
825 251 30%
344 105 31%
289 55 19%
264 38 14%
312 24 8%
1,474
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
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