westvancouver DETACHED-MAY 2021
SALESTO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 30% VS2020
▲ 46% VS2020
▲ 27% VS2020
▲ 100% VS2020
Therewere465detachedlistingsinWestVancouverin May,11%aboveApriland27%higherthanMay2020. Maydetachedhomesalesdecreasedby24% month-over-month,to60,andwere100%aboveMay 2020. Thesales-to-listingratiofordetachedinWestVancouver, at13%,reflectedabalancedmarket.
THISMONTH No. $3,413,759 $3,125,000 13% 60 465
PREVIOUSYEAR
PREVIOUSMONTH
No. 8% 30 367
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
30% 46% 58% 100% 27%
$3,603,077 $3,200,000 19% 79 420
-31% -24% 11%
ThedetachedmedianpriceinMaywas$3,125,000,a2% decreasefromApriland46%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$3,413,759,5%belowlast monthanddown30%toMay2020.
-5% -2%
$2,631,347 $2,145,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
444
465
425
420
412
434
373
415
3.02
367
315
350
310
300
2.12
98
1.77
74
75
64
54
53
1.63
43
60
29
79
62
30
1.40
49
1.37
$3.20M
$3.13M
$3.10M
$2.94M $3.03M
$2.89M
$2.86M
$2.80M
$2.70M
$2.54M
$2.43M
$2.37M
$2.15M
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
350
300
250
200
60%
150
100
26%
14%
50
10%
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
1 0 n/a
3 0 n/a
5 0 n/a
10 6 60%
43 11 26%
77 11 14%
325 32 10%
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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