greatervancouverboardarea CONDO-APRIL 2021
SALESTO LISTINGSRATIO 51% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 6% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 10% VS2020
▲ 10% VS2020
▲ 10% VS2020
▲ 350% VS2020
Therewere4,488condolistingsintheGreater VancouverboardareainApril,8%aboveMarchand10% higherthanApril2020. Aprilcondosalesdecreasedby15%month-over-month, to2,287,andwere350%aboveApril2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at51%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
2,287 4,488
12% 508 4,094
311% 350% 10%
2,691 4,166
2% 1.9% 0.1% -21% -15% 8%
ThecondomedianpriceinAprilwas$637,000,a0.1% increasefromMarchand10%aboveApril2020. Theaveragesoldpricewas$729,092,1.9%abovelast month;theaveragePSFsalepricewas$842,up2.0%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$842 $729,092 $637,000 51%
$826 $715,346 $636,250 65%
$791 $660,726 $578,500
6% 10% 10%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2020 ● APR 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
6,145
5,736
6,429
6,275
5,222
5,691
4,488
4,094
4,456
4,441
4,288
4,210 4,166
2,691
2,287
1,596
1,571
1,476
1,406
1,109
1,767
1,367
1,338
1,189
508
659
$636K
$637K
$619K
$608K
$598K
$598K
$590K
$585K
$589K
$588K
$587K
$579K
$578K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
1200
31 3
4+bdrms
1000
71%
800
132
61%
61%
3bdrms
527
600
42% 42%
400
29%
1,265
2bdrms
2,472
13% 13%
200
0
887
<$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
246 150 61%
1,133 803 71%
1,234 747 61%
733 307 42%
300 125 42%
270 79 29%
261 35 13%
311 41 13%
1,458
Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●
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