vancouverregion CONDO-MAY 2021
SALESTO LISTINGSRATIO 47% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 3% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 4% VS2020
▲ 10% VS2020
▲ 1.0% VS2020
▲ 237% VS2020
Therewere5,999condolistingsintheVancouverRegion inMay,3%aboveApriland1.1%higherthanMay2020.
Maycondosalesdecreasedby5%month-over-month,to 2,832,andwere237%aboveMay2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheVancouver Region,at47%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
2,832 5,999
14% 840 5,935
234% 237% 1.1%
2,986 5,831
-2% -4% -2% -8% -5% 3%
ThecondomedianpriceinMaywas$574,500,a2% decreasefromApriland10%aboveMay2020. Theaveragesoldpricewas$640,884,4%belowlast month;theaveragePSFsalepricewas$756,down2%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$756 $640,884 $574,500 47%
$773 $669,574 $588,000 51%
$734 $616,160 $520,000
3% 4% 10%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,474
7,335
8,297
8,024
8,002
6,866
5,831
5,595
5,999
5,935
5,697
5,401
3,509 5,355
2,832
2,081 2,066
2,986
1,936
1,829
1,507
2,436
1,797
1,755
1,560
840
$588K
$585K
$575K
$550K
$539K
$540K
$542K
$531K
$532K
$532K
$530K
$520K
$515K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
37 2
4+bdrms
1500
67%
157
63%
1000
3bdrms
52%
691
30% 30%
1,593
500
2bdrms
19%
14%
3,491
8%
0
1,080
<$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
598 377 63%
1,792 1,194 67%
1,486 769 52%
866 263 30%
366 109 30%
293 56 19%
278 40 14%
320 24 8%
1,780
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
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