the rennie review - July 2022

vancouvereast DETACHED -JUNE 202

SALES TO LISTINGSRATIO 13% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 7% VS 2021

▲ 8% VS 2021

▼ 15% VS 2021

▼ 51% VS 2021

Therewere565 detached listingsin VancouverEastin June,6% aboveM ayand 15% lowerthan June2021. Junedetached hom esalesdecreased by19% m onth-over-m onth,to76,and were51% below June 2021. Thesales-to-listing ratio fordetached in VancouverEast, at13% ,reflected abalanced m arket.

THISMONTH No. $1,962,447 $1,857,500 13% 76 565

PREVIOUSYEAR

PREVIOUSMONTH

No. 23% 154 663

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

-42% -51% -15%

$2,105,947 $1,940,000 18% 94 531

-24% -19% 6%

Thedetachedm edian pricein Junewas$1,857,500,a4% decreasefrom M ayand 8% aboveJune2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,962,447,7% below last m onth and up 7% toJune2021.

-7% -4%

$1,834,331 $1,717,400

7% 8%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

663

531

565

1.79

566

480

454

1.69

508

1.651.68

409

485

1.62

1.62

390

422

332

317

176

144

135 136

126

154

17

76

10

101

94

94

65

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

$1.94M $1.86M

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

$1.72M $1.69M

Jun-21

May-22

Jun-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

200

150

100

30%

50

23%

13%

6%

2%

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 0 n/a

20 6 30%

185 42 23%

147 19 13%

120 7 6%

92 2 2%

Copyright© July5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJuly5,202 .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.

44

Made with FlippingBook - professional solution for displaying marketing and sales documents online