vancouverregion DETACHED-MAY 2021
SALESTO LISTINGSRATIO 36% SELLER'SMARKET
▶ MARKETSUMMARY Therewere7,567detachedlistingsintheVancouver RegioninMay,3%aboveApriland14%higherthanMay 2020. Maydetachedhomesalesdecreasedby10% month-over-month,to2,752,andwere211%aboveMay 2020. Thesales-to-listingratiofordetachedintheVancouver Region,at36%,reflectedaseler'smarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2020
▲ 24% VS2020
▲ 14% VS2020
▲ 211% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
2,752 7,567
13% 885 6,622
172% 211% 14%
3,042 7,333
-12% -10% 3%
ThedetachedmedianpriceinMaywas$1,450,000,a3% decreasefromApriland24%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,710,434 $1,450,000 36%
$1,757,132 $1,500,000 41%
Theaveragesoldpricewas$1,710,434,3%belowlast monthanddown24%toMay2020.
-3% -3%
$1,375,312 $1,170,000
24% 24%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,281
7,567
7,015
7,599 7,599
7,383
7,333
6,622
5,980
5,968
1.91
1.87
1.80
4,502 3,506
4,379
4,282
1.35
1.34
2,420
2,338
2,752
2,10
3,042
1,998
1.25
1,600
2,421
2,16
2,074
1,489
885
$1.50M
$1.48M $1.41M
$1.45M
$1.35M
$1.30M
$1.27M
$1.25M
$1.24M
$1.18M
$1.18M
$1.17M
$1.15M
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1500
73%
65%
60%
58%
1000
53%
39%
31%
500
16%
11%
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+ 1,776 203 11%
S-LRATIO SALES INVENTORY
102 54 53%
88 57 65%
372 224 60%
647 470 73%
1,134 658 58%
1,730 682 39%
898 274 31%
820 130 16%
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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