westvancouver CONDO-APRIL 2021
SALESTO LISTINGSRATIO 35% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 6% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 21% VS2020
▼ 23% VS2020
▼ 20% VS2020
▲ 367% VS2020
Therewere81condolistingsinWestVancouverinApril, 9%belowMarchand20%lowerthanApril2020.
Aprilcondosalesdecreasedby13%month-over-month, to28,andwere367%aboveApril2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosinWestVancouver, at35%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
28 81
$937 $1,011,667 $985,000 6% 6 101
-23% 482% 367% -20%
32 89
-8% -17% -20% -4% -13% -9%
ThecondomedianpriceinAprilwas$755,000,a20% decreasefromMarchand23%belowApril2020. Theaveragesoldpricewas$1,223,662,17%belowlast month;theaveragePSFsalepricewas$995,down8%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$995 $1,223,662 $755,000 35%
$1,083 $1,476,375 $939,250 36%
6% 21%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2020 ● APR 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
132
146
145 145
19
120
96
95
101
103
93
81
89
32
23
21
28
18
17
12
1
1
9
19
6
15
$1.35M
$1.25M
$1.20M
$1.14M
$1.05M
$1.00M
$995K
$985K
$950K
$939K
$900K
$888K
$755K
WESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
20
100%+
4+bdrms
1
15
70%
4
60%
3bdrms
9
10
30%
16
24%
5
2bdrms
49
11%
0
8
<$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
0 1 n/a
6 7 117%
10 7 70%
10 0 n/a
5 3 60%
10 3 30%
19 2 11%
21 5 24%
22
Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 45 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online