the rennie review - May 2021

vancouvereast TOWNHOME-APRIL 2021

SALESTO LISTINGSRATIO 52% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 4% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 10% VS2020

▲ 11% VS2020

▲ 47% VS2020

▲ 315% VS2020

Therewere103townhomelistingsinVancouverEastin April,3%aboveMarchand47%higherthanApril2020. Apriltownhomesalesdecreasedby11% month-over-month,to54,andwere315%aboveApril 2020. Thesales-to-listingratiofortownhomesinVancouver East,at52%,reflectedaseler'smarket. ThetownhomemedianpriceinAprilwas$1,052,000,a 2%increasefromMarchand11%aboveApril2020. Theaveragesoldpricewas$1,072,148,0.7%abovelast month;theaveragePSFsalepricewas$800,up4%to lastmonth.

THISMONTH No. $800 $1,072,148 $1,052,000 52% 54 103

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

13 70

182% 315% 47%

$834 $1,064,228 $1,030,000 61% 61 100

-4% 0.7% 2% -14% -11% 3%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$771 $977,677 $951,000 19%

4% 10% 11%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2020 ● APR 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

16

108

100

100

103

95

104

84

70

76

61

65 65 66

54

38

33 31

30

25

35

34

32

13

17

16

$1.08M

$1.03M $1.06M

$1.05M

$1.05M

$1.01M

$1000K

$975K

$951K

$938K

$945K

$928K

$760K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

35

2

30

4+bdrms

7

25

67%

20

40

63%

3bdrms

54%

65

47% 50%

15

33%

10

11

2bdrms

26

5

0

1

<$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

1 0 n/a

3 1 33%

17 8 47%

32 16 50%

24 13 54%

19 12 63%

6 4 67%

1 0 n/a

5

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 39 ●

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