greatervancouverboardarea DETACHED-APRIL 2021
SALESTO LISTINGSRATIO 38% SELLER'SMARKET
▶ MARKETSUMMARY Therewere4,390detachedlistingsintheGreater VancouverboardareainApril,20%aboveMarchand 14%higherthanApril2020. Aprildetachedhomesalesdecreasedby16% month-over-month,to1,654,andwere325%aboveApril 2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at38%,reflectedaseler'smarket.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 23% VS2020
▲ 26% VS2020
▲ 14% VS2020
▲ 325% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
1,654 4,390
10% 389 3,848
273% 325% 14%
1,960 3,664
0.9% 3% -30% -16% 20%
ThedetachedmedianpriceinAprilwas$1,700,000,a3% increasefromMarchand26%aboveApril2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,975,432 $1,700,000 38%
$1,958,053 $1,650,000 53%
Theaveragesoldpricewas$1,975,432,0.9%abovelast monthandup23%toApril2020.
$1,607,134 $1,351,000
23% 26%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
4,390
4,313
4,237
4,580
4,540
4,397
3,742
3,664
3,848 3,939
1.87
1.83
1.77
2,905
2,864
2,762
1,960
1.43
1.42
1.32
1,654
1,343
1,308
1,19
1,020
862
1,223
1,098
1,064
739
389
539
$1.70M
$1.65M $1.60M
$1.52M
$1.50M
$1.49M
$1.44M
$1.44M
$1.38M
$1.35M
$1.37M
$1.35M
$1.35M
Apr-20
Mar-21
Apr-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1200
1000
80%
74%
800
63%
53%
51%
600
39%
32%
400
24%
14%
200
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+ 1,245 179 14%
S-LRATIO SALES INVENTORY
34 11 32%
50 37 74%
130 82 63%
209 167 80%
539 286 53%
1,038 525 51%
590 232 39%
555 135 24%
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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