highlights • O n am onth-over-m onth basis,lastm onth’sm edian prices,when averaged acros al hom etypes, increased by3% in both theG reaterVancouverand FraserValeyboard area.Com pared to April 2022,m edian pricesweredown by4% in GreaterVancouverand 10% in theFraserValey. • Com pared to M arch,m edian sold pricesin G reaterVancouverroseforal hom etypes.For townhom es,theincreasewas5%,folowed bydetached hom esat3%,and condosat2%. Com pared toApril2022,them edian detached hom esold pricewas6% lower,folowed bythatof townhom es(down by5%),and then thatofcondos(down 2%). • In theFraserValey,them edian detached hom esold priceroseby6% overthepast m onth— outpacingthatoftownhom es(up 4%)and condos(nochange).Com pared tolastyear, detached pricesweredown them ostofal hom etypesin theFraserValey(by11%),folowed by condos(down 10%),and townhom es(down 8%).
THERENNIEADVANCE median prices
APRIL 2023
$1.88M
$2,000,000
- 6% vsApr2022 Greater Vancouver
$1,600,000
$1.43M
$1,200,000
$800,000
DETACHED median salesprice
FraserValey
$400,000
- 11% vsApr2022
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0
━ G reaterVancouver ━ FraserValey
● April
$1,200,000
$1,045,500
Greater Vancouver
$1,000,000
$838,000
- 5% vsApr2022
$800,000
$600,000
$400,000
TOWNHOME median salesprice
FraserValey
$200,000
- 8% vsApr2022
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0
━ G reaterVancouver ━ FraserValey
● April
$1,000,000
- 2% vsApr2022 Greater Vancouver
$800,000
$719,900
$600,000
$510,000
$400,000
CONDO median salesprice
FraserValey
$200,000
- 10% vsApr2022
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0
━ G reaterVancouver ━ FraserValey
● April
Copyright© May1,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMay1,2023.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online