the rennie review - June 2021

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 ●

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