the rennie review - July 2022

vancouverwest DETACHED -JUNE 202

SALES TO LISTINGSRATIO 10% BUYERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 3% VS 2021

▲ 1.0% VS 2021

▼ 9% VS 2021

▼ 39% VS 2021

Therewere701 detached listingsin VancouverW estin June,-1.1% below M ayand 9% lowerthan June2021. Junedetached hom esalesdecreased by17% m onth-over-m onth,to70,and were39% below June 2021. Thesales-to-listing ratio fordetached in VancouverW est, at10% ,reflected abuyers'm arket.

THISMONTH No. $3,847,186 $3,393,000 10% 70 701

PREVIOUSYEAR

PREVIOUSMONTH

No. 15% 115 770

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

-33% -39% -9%

$4,132,080 $3,544,000 12% 84 709

-16% -17% -1.1%

Thedetachedm edian pricein Junewas$3,393,000,a4% decreasefrom M ayand 1.0% aboveJune2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$3,847,186,7% below last m onthand down 3% toJune2021.

-7% -4%

$3,978,773 $3,360,000

-3% 1%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

736

770

709

675

701

729

727

626

675

2.60

2.51

602

2.35

544

530

507

1.76

1.60

1.53

124

109

100

102

84

15

65

70

92

93

73

83

78

$3.77M

$3.67M $3.55M

$3.66M $3.51M

$3.54M $3.39M

$3.36M $3.20M $3.30M $3.14M $3.20M

$3.21M

Jun-21

May-22

Jun-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

600

500

400

300

39%

200

20%

18%

100

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+

S-L RATIO SALES INVENTORY

5 1 20%

18 7 39%

82 15 18%

596 47 8%

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