the rennie review - June 2021

westvancouver TOWNHOME-MAY 2021

SALESTO LISTINGSRATIO 17% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 34% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 31% VS2020

▲ 21% VS2020

▲ 9% VS2020

▲ 100% VS2020

Therewere24townhomelistingsinWestVancouverin May,4%aboveApriland9%higherthanMay2020. Maytownhomesalesremainedthesame0 month-over-month,to4,andwere100%aboveMay 2020. Thesales-to-listingratiofortownhomesinWest Vancouver,at17%,reflectedabalancedmarket. ThetownhomemedianpriceinMaywas$1,471,000,a 35%decreasefromApriland21%aboveMay2020. Theaveragesoldpricewas$1,595,000,32%belowlast month;theaveragePSFsalepricewas$588,down31% tolastmonth.

THISMONTH No. $588 $1,595,000 $1,471,000 17% 4 24

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$439 $1,215,000 $1,215,000 9% 2 22

34% 31% 21% 83% 100% 9%

$851 $2,347,500 $2,280,000 17% 4 23

0% 4%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

-31% -32% -35% -4%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

36

36

35

38

32

36

29

23

24

21

22

22

19

8

6

6

3

5

2

4

2

4

4 4

4

$2.28M

$1.73M $1.58M

$1.70M

$1.55M

$1.55M

$1.53M

$1.47M

$1.37M

$1.24M

$1.22M

$928K

WESTVANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

14

2 2

100%

12

4+bdrms

10

8

1

3bdrms

14

6

33%

4

1

25%

2bdrms

7

2

8%

0

<$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

1 1 100%

3 0 n/a

3 1 33%

4 1 25%

8%

1

13 1

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 45 ●

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