greatervancouverboardarea TOWNHOME-MAY 2021
SALESTO LISTINGSRATIO 59% SELLER'SMARKET
▶ MARKETSUMMARY Therewere1,187townhomelistingsintheGreater VancouverboardareainMay,3%aboveApriland12% lowerthanMay2020. Maytownhomesalesdecreasedby17% month-over-month,to706,andwere165%aboveMay 2020. Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at59%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$900,000,a 1.1%decreasefromApriland15%aboveMay2020. Theaveragesoldpricewas$983,000,0.1%belowlast month;theaveragePSFsalepricewas$688,down0.4% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 17% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 19% VS2020
▲ 15% VS2020
▼ 12% VS2020
▲ 165% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
59% 706 1,187
20% 266 1,355
203% 165% -12%
74% 847 1,148
0.4% -0.1% -1.1% -19% -17% 3%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$688 $983,000 $900,000
$685 $983,696 $910,000
$588 $829,269 $779,950
17% 19% 15%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,562
1,658
1,645
1,612
1,258
1,355
1,440
1,148
1,082
1,187
954
847
954
927
901
678
636
706
539
506
412
616
542
536
372
266
$910K
$900K
$901K
$900K
$815K
$816K
$790K
$789K
$790K
$791K
$780K
$785K
$780K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
300
112
4+bdrms
250
172
83%
76%
200
70% 68%
64%
375
3bdrms
150
642
39%
100
32%
198
23%
2bdrms
342
50
0
21
<$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
6 5 83%
83 53 64%
253 193 76%
292 205 70%
195 132 68%
152 59 39%
131 42 32%
75 17 23%
31
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 9 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online