westvancouver CONDO-MAY 2021
SALESTO LISTINGSRATIO 25% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 15% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▼ 1.0% VS2020
▲ 1.4% VS2020
▼ 17% VS2020
▲ 75% VS2020
Therewere85condolistingsinWestVancouverinMay, 5%aboveApriland17%lowerthanMay2020.
Maycondosalesdecreasedby25%month-over-month, to21,andwere75%aboveMay2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosinWestVancouver, at25%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
21 85
$932 $1,104,292 $887,500 12% 12 103
15% -1% 1.4% 112% 75% -17%
28 81
8% -11% 19% -29% -25% 5%
ThecondomedianpriceinMaywas$900,000,a19% increasefromApriland1.4%aboveMay2020. Theaveragesoldpricewas$1,093,143,11%belowlast month;theaveragePSFsalepricewas$1,075,down8% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$1,075 $1,093,143 $900,000 25%
$995 $1,223,662 $755,000 35%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
132
146
145 145
19
120
95 96
103
85
93
89
81
32
28
23
21
18
17
21
1
1
9
12
19
15
$1.35M
$1.25M
$1.20M
$1.14M
$1.05M
$1.00M
$995K
$950K
$939K
$900K
$900K
$888K
$755K
WESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
20
4+bdrms
1
83%
15
3bdrms
55%
8
10
30%
13
25%
5
2bdrms
55
11% 10%
10%
0
8
<$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 0 n/a
10 1 10%
11 6 55%
6 5 83%
8 2 25%
10 3 30%
18 2 11%
21 2 10%
21
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 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online