the rennie review - June 2022

vancouvereast DETACHED -MAY 202

SALES TO LISTINGSRATIO 16% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 15% VS 2021

▲ 11% VS 2021

▼ 23% VS 2021

▼ 55% VS 2021

Therewere525 detached listingsin VancouverEastin M ay,8% aboveApriland 23% lowerthan M ay2021. M ay detached hom esalesdecreased by 23% m onth-over-m onth,to85,and were55% below M ay 2021. Thesales-to-listing ratio fordetached in VancouverEast, at16% ,reflected abalanced m arket.

THISMONTH No. $2,138,253 $1,960,000 16% 85 525

PREVIOUSYEAR

PREVIOUSMONTH

No. 28% 191 684

% Change

No. 23% 110 485

% Change

TOTALLISTINGS TOTALSALES

15% 11% -42% -55% -23%

-0.6% -5% -29% -23% 8%

Thedetachedm edian pricein M aywas$1,960,000,a5% decreasefrom Apriland 11% aboveM ay2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$2,138,253,0.6% below last m onth and up 15% toM ay2021.

$2,151,274 $2,065,000

$1,865,677 $1,770,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

684

663

1.85

525

566

480

1.79

454

1.721.75

508

409

485

1.63

390

422

1.51

332

317

176

191

144

135

136

126

154

85

17

10

101

94

65

$2.09M $2.07M $1.96M $2.10M $2.17M

$1.80M $1.75M $1.85M $1.88M $1.85M

$1.77M $1.72M $1.69M

May-21

Apr-22

May-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

100%

150

100

50

25%

23%

18%

8%

9%

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+

S-L RATIO SALES INVENTORY

1 1 100%

12 3 25%

175 40 23%

137 24 18%

106 9 8%

94 8 9%

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