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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