vancouverwest CONDO-APRIL 2021
SALESTO LISTINGSRATIO 33% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 1.9% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 13% VS2020
▲ 10% VS2020
▲ 38% VS2020
▲ 291% VS2020
Therewere1,529condolistingsinVancouverWestin April,17%aboveMarchand38%higherthanApril2020.
Aprilcondosalesdecreasedby19%month-over-month, to508,andwere291%aboveApril2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosinVancouverWest, at33%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
33% 508 1,529
12% 130 1,112
184% 291% 38%
48% 625 1,309
-30% -19% 17%
ThecondomedianpriceinAprilwas$817,500,a7% increasefromMarchand10%aboveApril2020. Theaveragesoldpricewas$976,347,5%abovelast month;theaveragePSFsalepricewas$1,109,up3%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$1,109 $976,347 $817,500
$1,072 $928,749 $765,000
3% 5% 7%
$1,088 $867,148 $744,000
2% 13% 10%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2020 ● APR 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,762
1,955
1,935
1,684
1,810
1,509
1,529
1,299
1,352
1,309
1,279
1,280
1,12
625
508
378
365
359
340
283
443
179
344
314
282
130
$818K
$775K
$760K
$757K
$765K
$750K
$753K
$744K
$740K
$740K
$743K
$735K
$735K
VANCOUVERWEST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
350
2
300
4+bdrms
16
250
21
200
3bdrms
53%
182
46%
150
39%
35%
32%
30%
100
217
2bdrms
741
12% 11%
50
0
268
<$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
19 6 32%
160 84 53%
338 157 46%
283 111 39%
160 56 35%
152 45 30%
171 21 12%
246 28 11%
590
Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 43 ●
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