vancouvereast DETACHED-MAY 2021
SALESTO LISTINGSRATIO 28% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 22% VS2020
▲ 22% VS2020
▲ 84% VS2020
▲ 198% VS2020
Therewere685detachedlistingsinVancouverEastin May,8%aboveApriland84%higherthanMay2020. Maydetachedhomesalesdecreasedby14% month-over-month,to191,andwere198%aboveMay 2020. Thesales-to-listingratiofordetachedinVancouverEast, at28%,reflectedaseler'smarket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 35% 221 635
%Change
TOTALLISTINGS TOTALSALES
28% 191 685
$1,528,358 $1,450,000 17% 64 372
22% 22% 62% 198% 84%
-20% -14% 8%
ThedetachedmedianpriceinMaywas$1,770,000,a4% decreasefromApriland22%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,865,677,2%belowlast monthanddown22%toMay2020.
$1,906,821 $1,850,000
-2% -4%
$1,865,677 $1,770,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
685
635
527
510
1.85
501
1.82
460
1.76
418
1.67
481
422
372
1.51
364
360
328
245
1.34
221
170
191
140
130
105
149
138
134
16
64
108
$1.85M
$1.77M $1.70M
$1.77M
$1.74M
$1.62M
$1.62M
$1.60M
$1.60M
$1.56M
$1.55M
$1.53M
$1.45M
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
300
250
200
71%
150
41%
36%
100
29%
50
12%
5%
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+
S-LRATIO SALES INVENTORY
1 0 n/a
7 5 71%
73 30 41%
281 100 36%
134 39 29%
112 13 12%
77 4 5%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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