the rennie review - May 2021

vancouverregion DETACHED-APRIL 2021

SALESTO LISTINGSRATIO 42% SELLER'SMARKET

▶ MARKETSUMMARY Therewere7,333detachedlistingsintheVancouver RegioninApril,23%aboveMarchand16%higherthan April2020. Aprildetachedhomesalesdecreasedby13% month-over-month,to3,044,andwere344%aboveApril 2020. Thesales-to-listingratiofordetachedintheVancouver Region,at42%,reflectedaseler'smarket.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 27% VS2020

▲ 32% VS2020

▲ 16% VS2020

▲ 344% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

3,044 7,333

11% 685 6,324

283% 344% 16%

3,509 5,968

1% 1.4% -29% -13% 23%

ThedetachedmedianpriceinAprilwas$1,500,000,a 1.4%increasefromMarchand32%aboveApril2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,757,507 $1,500,000 42%

$1,739,811 $1,480,000 59%

Theaveragesoldpricewas$1,757,507,1.0%abovelast monthandup27%toApril2020.

$1,380,209 $1,136,000

27% 32%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

7,281

7,015

7,333

7,599 7,599

7,383

5,980

5,968

6,324 6,622

1.91

1.90

1.80

4,502

3,509

4,379

4,282

3,044

1.34

1.33

2,338 2,420

2,10

1,998

1.21

1,600

2,421

2,18

2,074

1,490

685

885

$1.50M

$1.48M $1.41M

$1.35M

$1.30M

$1.27M

$1.25M

$1.24M

$1.18M

$1.18M

$1.17M

$1.15M

$1.14M

Apr-20

Mar-21

Apr-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1500

74%

62%

1000

58%

57%

50%

40%

37%

500

22%

15%

0

<$600K

$600-799K

$800-999K

$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M

$2.0M-2.49M

$2.5M-2.99M

$3M+ 1,599 233 15%

S-LRATIO SALES INVENTORY

95 38 40%

101 63 62%

378 219 58%

668 497 74%

1,190 678 57%

1,676 830 50%

848 311 37%

778 175 22%

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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