vancouverregion TOWNHOME-MAY 2021
SALESTO LISTINGSRATIO 70% SELLER'SMARKET
▶ MARKETSUMMARY Therewere2,033townhomelistingsintheVancouver RegioninMay,0.6%aboveApriland16%lowerthan May2020. Maytownhomesalesdecreasedby12% month-over-month,to1,414,andwere187%aboveMay 2020. Thesales-to-listingratiofortownhomesintheVancouver Region,at70%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$776,000,a 1.1%decreasefromApriland19%aboveMay2020. Theaveragesoldpricewas$853,901,1.6%belowlast month;theaveragePSFsalepricewas$577,down1.1% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 18% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 19% VS2020
▲ 19% VS2020
▼ 16% VS2020
▲ 187% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,414 2,033
20% 492 2,406
240% 187% -16%
1,609 2,020
-1.1% -1.6% -1.1% -13% -12% 0.6%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$577 $853,901 $776,000 70%
$583 $867,585 $785,000 80%
$487 $717,570 $649,500
18% 19% 19%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,788
2,619
2,925 2,956
2,862
2,260
2,406
2,020
2,033
1,723
1,682
1,641
1,609
1,586
1,485
1,291
1,414
1,196
1,099
1,407
1,013
863
1,071
1,060
836
492
$785K
$780K
$776K
$720K
$688K
$675K
$671K
$665K
$660K
$656K
$650K
$646K
$633K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
700
272
4+bdrms
600
396
86%
76%
500
71%
67%
760
400
3bdrms
1,105
50%
300
38%
32%
356
200
23%
2bdrms
500
100
0
32 26
<$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
28 14 50%
241 161 67%
701 602 86%
476 362 76%
221 156 71%
157 59 38%
132 42 32%
77 18 23%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●
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