the rennie review - May 2021

vancouverwest TOWNHOME-APRIL 2021

SALESTO LISTINGSRATIO 42% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 20% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 24% VS2020

▲ 39% VS2020

▲ 21% VS2020

▲ 304% VS2020

Therewere231townhomelistingsinVancouverWestin April,4%aboveMarchand21%higherthanApril2020. Apriltownhomesalesincreasedby8% month-over-month,to97,andwere304%aboveApril 2020. Thesales-to-listingratiofortownhomesinVancouver West,at42%,reflectedaseler'smarket. ThetownhomemedianpriceinAprilwas$1,380,000,a 9%decreasefromMarchand39%aboveApril2020. Theaveragesoldpricewas$1,373,278,13%belowlast month;theaveragePSFsalepricewas$1,051,down 0.7%tolastmonth.

THISMONTH No. $1,051 $1,373,278 $1,380,000 42% 97 231

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$873 $1,110,775 $995,000 13% 24 191

234% 304% 21%

$1,058 $1,579,561 $1,513,500 41% 90 222

4% 8% 4%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

-0.7% -13% -9%

20% 24% 39%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2020 ● APR 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

243

255

222

222

219

231

206

232

187

191

187

185

180

90

97

55

50

48

46

30

57

43

24

34

34 34

$1.51M

$1.45M

$1.38M

$1.34M

$1.32M

$1.30M

$1.27M

$1.24M

$1.22M

$1.20M

$1.19M

$1.15M

$995K

VANCOUVERWEST REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100

6

100%+

4+bdrms

80

13

85%

77%

69%

60

40

3bdrms

112

50%

40

29%

40

2bdrms

20

93

12%

0

11

<$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

2 3 150%

13 11 85%

14 7 50%

22 17 77%

39 27 69%

91 26 29%

50 6 12%

13

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 42 ●

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