westvancouver CONDO -AUGUST 202
SALES TO LISTINGSRATIO 24% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 26% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 50% VS 2021
▲ 12% VS 2021
▲ 54% VS 2021
▲ 11% VS 2021
Therewere88 condolistingsin W estVancouverin August,8% below Julyand 54% higherthan August2021.
Augustcondosalesincreased by62% m onth-over-m onth, to21,and were11% aboveAugust2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin W estVancouver, at24% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
21 88
19 57
26% 50% 12% -28% 11% 54%
13 96
20% 74% 20% 76% 62% -8%
Thecondom edian pricein Augustwas$1,400,000,a 20% increasefrom Julyand 12% aboveAugust2021. Theaveragesold pricewas$2,055,733,74% abovelast m onth;theaveragePSF salepricewas$1,340,up 20% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,340 $2,055,733 $1,400,000 24%
$1,068 $1,374,868 $1,245,000 33%
$1,114 $1,182,231 $1,170,000 14%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2021 ● AUG 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
89
95 96
88
57
67
57
48
51
36
46
18 39
21
32
20 20
21
19
20
19
18
14
13
13
9
$1.40M
$1.28M
$1.25M
$1.25M
$1.24M $1.17M
$1.17M $1.09M
$1.07M
$1.01M
$928K
$825K
$755K
W ESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
25
1
4+ bdrms
20
80%
3
15
3 bdrms
12
10
28%
11
25%
23%
2 bdrms
17%
5
15%
56
13%
0
6
<$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
4 1 25%
5 4 80%
12 2 17%
13 3 23%
13 2 15%
16 2 13%
25 7 28%
20
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. 52 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online