the rennie review - June 2021

vancouvereast CONDO-MAY 2021

SALESTO LISTINGSRATIO 49% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 6% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 6% VS2020

▲ 6% VS2020

▲ 23% VS2020

▲ 191% VS2020

Therewere447condolistingsinVancouverEastinMay, 9%aboveApriland23%higherthanMay2020.

Maycondosalesdecreasedby9%month-over-month,to 221,andwere191%aboveMay2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 59% 244 411

%Change

Thesales-to-listingratioforcondosinVancouverEast,at 49%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

49% 221 447

$860 $646,341 $595,000 21% 76 364

137% 191% 23%

-1.3% -5% 0.4% -17% -9% 9%

ThecondomedianpriceinMaywas$632,500,a0.4% increasefromApriland6%aboveMay2020. Theaveragesoldpricewas$682,274,5%belowlast month;theaveragePSFsalepricewas$912,down1.3% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$912 $682,274 $632,500

$923 $714,855 $630,000

6% 6% 6%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

570

555

626

614

519

454

41

447

382

365

404

373

364

314

198

221

244

156

150

130

185

175

161

154

76

98

$633K

$634K

$633K

$630K

$630K

$630K

$619K

$609K

$615K

$603K

$595K

$590K

$577K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

150

4+bdrms

3

100

64%

7

57%

3bdrms

40

42%

34% 32% 32%

50

98

2bdrms

230

8%

0

116

<$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

12 5 42%

160 91 57%

125 80 64%

85 29 34%

28 9 32%

19 6 32%

13 1 8%

5 0 n/a

174

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 40 ●

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