greatervancouverboardarea DETACHED-MAY 2021
SALESTO LISTINGSRATIO 30% SELLER'SMARKET
▶ MARKETSUMMARY Therewere4,739detachedlistingsintheGreater VancouverboardareainMay,8%aboveApriland20% higherthanMay2020. Maydetachedhomesalesdecreasedby14% month-over-month,to1,423,andwere164%aboveMay 2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at30%,reflectedaseler'smarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 21% VS2020
▲ 21% VS2020
▲ 20% VS2020
▲ 164% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,423 4,739
14% 539 3,939
119% 164% 20%
1,653 4,390
-20% -14% 8%
ThedetachedmedianpriceinMaywas$1,630,000,a4% decreasefromApriland21%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,934,833 $1,630,000 30%
$1,974,704 $1,700,000 38%
Theaveragesoldpricewas$1,934,833,2%belowlast monthanddown21%toMay2020.
-2% -4%
$1,593,779 $1,347,000
21% 21%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,739
4,390
4,313
4,237
4,580
4,540
4,397
3,742
3,664
3,939
1.87
1.81
1.73
2,905
2,864
2,762
1,960
1.43
1.42
1.35
1,343
1,308
1,19
1,423
1,653
1,020
862
1,223
1,098
1,063
539
739
$1.70M
$1.65M $1.60M
$1.63M
$1.52M
$1.50M
$1.48M
$1.44M
$1.44M
$1.38M
$1.37M
$1.35M
$1.35M
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1400
1200
1000
67%
64%
62%
800
54%
600
37%
32%
31%
400
14%
11%
200
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+ 1,399 160 11%
S-LRATIO SALES INVENTORY
47 15 32%
47 30 64%
136 84 62%
237 158 67%
528 286 54%
1,110 414 37%
621 190 31%
614 86 14%
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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