the rennie advance - February 2021
Feb 02, 2021
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Ryan BerlinSHARE THIS
After a record-setting second half of 2020, January 2021 continued the trend of historically-high sales counts, constrained inventory, and accelerating price increases--especially for ground-oriented homes.The latest rennie advance provides a summary of sales, listings, and pricing trends in the Vancouver region, compiled and released by our rennie intelligence team ahead of the Real Estate Board of Greater Vancouver Stats. Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.
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Median sold price infographics for single-family, townhomes, and condos in King County are covered in the monthly rennie review.
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Annual sales in the Central Okanagan in 2025 surpassed the previous year’s tally for the first time since 2021. It was also the only major market in BC to record a year-over-year gain. Meanwhile, new listings reached a more than 26-year high and inventory finished the year at its highest level since 2013.
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