vancouverregion CONDO-APRIL 2021
SALESTO LISTINGSRATIO 51% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 8% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 12% VS2020
▲ 13% VS2020
▲ 7% VS2020
▲ 355% VS2020
Therewere5,830condolistingsintheVancouverRegion inApril,9%aboveMarchand7%higherthanApril2020.
Aprilcondosalesdecreasedby15%month-over-month, to2,988,andwere355%aboveApril2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheVancouver Region,at51%,reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
2,988 5,830
12% 656 5,471
327% 355% 7%
3,510 5,354
2% 1.9% 0.5% -22% -15% 9%
ThecondomedianpriceinAprilwas$588,000,a0.5% increasefromMarchand13%aboveApril2020. Theaveragesoldpricewas$669,601,1.9%abovelast month;theaveragePSFsalepricewas$773,up2.0%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$773 $669,601 $588,000 51%
$758 $657,214 $585,100 66%
$715 $599,671 $519,950
8% 12% 13%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2020 ● APR 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
7,474
7,335
8,297
8,024
8,002
6,866
5,595
5,830
5,471
5,935
5,697
5,400
3,510 5,354
2,988
2,081
2,066
1,936
1,829
1,507
2,436
1,797
1,755
1,560
656
840
$588K
$585K
$550K
$539K
$540K
$542K
$531K
$532K
$532K
$530K
$520K
$520K
$515K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
36 3
4+bdrms
1500
66%
169
59%
57%
3bdrms
1000
671
41% 42%
29%
1,727
500
2bdrms
3,325
14% 13%
0
1,089
<$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
640 380 59%
1,798 1,186 66%
1,423 808 57%
780 320 41%
318 133 42%
279 81 29%
274 38 14%
318 42 13%
1,798
Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●
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