the rennie review - May 2021

vancouvereast DETACHED-APRIL 2021

SALESTO LISTINGSRATIO 35% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 19% VS2020

▲ 22% VS2020

▲ 74% VS2020

▲ 353% VS2020

Therewere635detachedlistingsinVancouverEastin April,32%aboveMarchand74%higherthanApril2020. Aprildetachedhomesalesdecreasedby9% month-over-month,to222,andwere353%aboveApril 2020. Thesales-to-listingratiofordetachedinVancouverEast, at35%,reflectedaseler'smarket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 51% 245 481

%Change

TOTALLISTINGS TOTALSALES

35% 222 635

$1,600,022 $1,520,000 13% 49 365

160% 353% 74%

2% 5% -31% -9% 32%

ThedetachedmedianpriceinAprilwas$1,850,000,a5% increasefromMarchand22%aboveApril2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

Theaveragesoldpricewas$1,911,691,2%abovelast monthandup19%toApril2020.

$1,865,914 $1,768,000

$1,911,691 $1,850,000

19% 22%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

635

527

510

501

1.76

1.76

460

1.72

1.67

418

1.63

481

1.60

422

365

372

364

360

328

245

222

170

140

130

105

149

138

134

16

108

49

64

$1.85M

$1.77M $1.70M

$1.74M

$1.62M

$1.62M

$1.60M

$1.60M

$1.56M

$1.55M

$1.52M

$1.53M

$1.45M

Apr-20

Mar-21

Apr-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

250

200

150

44%

40%

100

37%

25%

18%

50

11%

0

<$600K

$600-799K

$800-999K

$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M

$2.0M-2.49M

$2.5M-2.99M

$3M+

S-LRATIO SALES INVENTORY

0 1 n/a

1 0 n/a

8 2 25%

81 30 37%

250 111 44%

134 53 40%

98 18 18%

63 7 11%

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

38

Made with FlippingBook - professional solution for displaying marketing and sales documents online