vancouverregion DETACHED -MAY 202
SALES TO LISTINGSRATIO 16% BALANCEDMARKET
▶ MARKETSUMMARY Therewere7,183 detached listingsin theVancouver Region in M ay,14% aboveApriland 5% lowerthan M ay 2021. M ay detached hom esalesdecreased by 26% m onth-over-m onth,to1,170,and were57% below M ay 2021. Thesales-to-listing ratio fordetached in the Vancouver Region,at16% ,reflected abalanced m arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 19% VS 2021
▲ 19% VS 2021
▼ 5% VS 2021
▼ 57% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
1,170 7,183
2,748 7,567
19% 19% -55% -57% -5%
1,575 6,295
-35% -26% 14%
Thedetachedm edian pricein M aywas$1,728,000,a4% decreasefrom Apriland 19% aboveM ay2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,043,413 $1,728,000 16%
$2,097,983 $1,800,000 25%
$1,710,596 $1,450,000 36%
Theaveragesold pricewas$2,043,413,3% below last m onth and up 19% toM ay2021.
-3% -4%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
7,567
7,107
7,183
1.87
1.87
5,481
5,397
6,295
1.83
6,236
5,531
4,587
4,181
4,694
1.48
1.40
1.39
3,318
2,327
2,748
3,120
1,879
1,795
2,227
1,899
1,789
1,758
1,697
1,575 1,170
1,492
1,152
$1.83M $1.80M $1.73M $1.85M $1.89M
$1.60M $1.69M $1.69M
$1.45M $1.46M $1.45M $1.48M $1.54M
May-21
Apr-22
May-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
2000
1500
1000
35%
30%
30%
25%
24%
500
20%
16%
12%
8%
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+ 1,971 153 8%
S-L RATIO SALES INVENTORY
92 32 35%
53 13 25%
144 43 30%
300 91 30%
832 199 24%
1,916 375 20%
1,003 163 16%
872 101 12%
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