CONDO MARCH vancouver region
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO 66 %
MARKET SUMMARY ›
9 % DOWN
4 % UP
132 % UP
There were 5,293 condo listings in the Vancouver Region in March, 6% below February and 9% lower vs March 2020. March condo sales increased by 44% month-over- month and were 132% above March 2020. The sales-to-listings ratio for condos in the Vancouver Region increased to 66%, remaining a seller’s market. The condo benchmark price in March was $690,200, increasing 3% from February and 4% higher vs March 2020. The average sold price was $657,509, 5% above last month; the average PSF sales price was $759, up 4% from last month.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
5,293 3,509
5,621 2,431
-6% 44% 53%
5,785 1,512
-9%
TOTAL SALES
132% 154%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
66%
43%
26%
$690,200 $671,800 $657,509 $625,344
3% $661,000 5% $632,406
4% 4% 3%
$759
$733
4%
$734
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$661,000 $657,300 $656,000 $656,600 $651,000 $655,400 $690,200
8,626
7,915
7,790
6,214
5,961
5,785
5,293
3,509
2,078
1,826
1,795
1,563
1,512
836
VANCOUVER REGION REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
214
3+ bdrms
BUYER'S MARKET
625
2,002
2 bdrms
3,049
1,293
<2 bdrms
. . . . 0 0 0 0
1,619
S-L RATIO SALES INVENTORY
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of April 6, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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