greatervancouverboard area CONDO -AUGUST 202
SALES TO LISTINGSRATIO 25% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 7% VS 2021
▲ 7% VS 2021
▼ 5% VS 2021
▼ 38% VS 2021
Therewere3,969 condolistingsin theG reater Vancouverboard areain August,7% below Julyand 5% lowerthan August2021. Augustcondosalesdecreased by5% m onth-over-m onth, to1,006,and were38% below August2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at25% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,006 3,969
1,632 4,166
-35% -38% -5%
1,063 4,269
-5% -7%
Thecondom edian pricein Augustwas$690,000,a0.4% decreasefrom Julyand 7% aboveAugust2021. Theaveragesold pricewas$789,861,0.9% below last m onth;theaveragePSF salepricewas$917,up 0.2% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$917 $789,861 $690,000 25%
$875 $739,437 $645,000 39%
$915 $796,893 $693,000 25%
0.2% -0.9% -0.4% 1.8%
5% 7% 7%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2021 ● AUG 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,397
4,136
4,166
4,332 4,269
3,969
3,838 3,412
3,684
3,227
2,856
2,313
2,546
1,863
2,396
1,808 1,827
1,604
1,632
1,692
1,630
1,464
1,315
1,326
1,006
1,063
$735K $717K $698K $693K $690K
$725K $735K $740K
$645K $655K $655K $668K $680K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1200
41 3
1000
4+ bdrms
800
62
3 bdrms
600
503
46%
43%
400
33%
517
22%
2 bdrms
17%
2,201
200
13%
6% 6%
0
424
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
107 46 43%
615 284 46%
1,110 363 33%
792 172 22%
381 63 17%
287 36 13%
311 20 6%
366 22 6%
1,224
Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 10 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online