vancouverwest DETACHED -MAY 202
SALES TO LISTINGSRATIO 11% BUYERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.1% VS 2021
▲ 0.5% VS 2021
▼ 5% VS 2021
▼ 32% VS 2021
Therewere702 detached listingsin VancouverW estin M ay,4% aboveApriland 5% lowerthan M ay2021. M ay detached hom esalesdecreased by 14% m onth-over-m onth,to80,and were32% below M ay 2021. Thesales-to-listing ratio fordetached in VancouverW est, at11% ,reflected abuyers'm arket.
THISMONTH No. $4,168,522 $3,600,000 11% 80 702
PREVIOUSYEAR
PREVIOUSMONTH
No. 16% 117 742
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
1.1% 0.6% -28% -32% -5%
$4,382,195 $3,768,000 14% 93 675
-17% -14% 4%
Thedetachedm edian pricein M aywas$3,600,000,a4% decreasefrom Apriland 0.6% aboveM ay2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$4,168,522,5% below last m onth and up 1.1% toM ay2021.
-5% -4%
$4,124,126 $3,580,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
736
742
770
675
702
729 727
626
675
2.47
2.35
602
2.31
544
530
507
1.80
1.78
1.76
15
109
100
102 124
17
65
80
92
93
73
83
78
$3.77M $3.60M
$3.67M $3.55M
$3.66M $3.51M
$3.58M
$3.36M $3.20M $3.30M $3.14M $3.20M
$3.21M
May-21
Apr-22
May-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
600
500
400
300
47%
40%
200
23%
100
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
5 2 40%
15 7 47%
80 18 23%
602 53 9%
Copyright© June7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune7,202 .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.
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