the rennie review - May 2021

vancouvereast CONDO-APRIL 2021

SALESTO LISTINGSRATIO 59% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 9% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 15% VS2020

▲ 16% VS2020

▲ 21% VS2020

▲ 344% VS2020

Therewere411condolistingsinVancouverEastinApril, 13%aboveMarchand21%higherthanApril2020.

Aprilcondosalesdecreasedby22%month-over-month, to244,andwere344%aboveApril2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 86% 314 365

%Change

Thesales-to-listingratioforcondosinVancouverEast,at 59%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

59% 244 411

$845 $623,336 $541,000 16% 55 341

268% 344% 21%

-31% -22% 13%

ThecondomedianpriceinAprilwas$630,000,a0 changefromMarchand16%aboveApril2020. Theaveragesoldpricewas$714,855,5%abovelast month;theaveragePSFsalepricewas$923,up4%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$923 $714,855 $630,000

$891 $682,197 $630,000

4% 5% 0%

9% 15% 16%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2020 ● APR 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

570

555

626

614

519

454

382

41

365

404

341

373

364

314

244

198

156

150

130

185

175

161

154

98

55

76

$633K

$634K

$630K

$630K

$630K

$619K

$609K

$615K

$603K

$595K

$590K

$577K

$541K

VANCOUVEREAST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

150

100%+

4+bdrms

3

100

4

63% 66%

3bdrms

53%

36

42%

40%

50

121

25%

2bdrms

20%

206

0

119

<$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

12 5 42%

156 98 63%

123 81 66%

67 27 40%

16 20 125%

15 8 53%

12 3 25%

10 2 20%

166

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 40 ●

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