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.
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