the rennie review - July 2022

westvancouver DETACHED -JUNE 202

SALES TO LISTINGSRATIO 7% BUYERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 6% VS 2021

▼ 3% VS 2021

▼ 5% VS 2021

▼ 46% VS 2021

Therewere445 detached listingsin W estVancouverin June,5% aboveM ayand 5% lowerthan June2021. Junedetached hom esalesdecreased by30% m onth-over-m onth,to32,and were46% below June 2021. Thesales-to-listing ratio fordetached in W estVancouver, at7% ,reflected abuyers'm arket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

7% 32 445

$3,489,905 $3,150,000 13% 59 467

-43% -46% -5%

$4,055,071 $3,322,500 11% 46 425

-34% -30% 5%

Thedetachedm edian pricein Junewas$3,063,500,a8% decreasefrom M ayand 3% below June2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$3,711,738,8% below last m onth and up 6% toJune2021.

-8% -8%

$3,711,738 $3,063,500

6% -3%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

467

436

425

445

393

436

363

414

2.67

403

327

2.59

337

296

276

1.66

1.63

63

1.51

61

58

54

46

41 41

43

41

32

59

1.34

32

54

$3.21M $3.32M

$3.15M

$3.14M $3.04M $2.96M $3.00M

$3.06M

$2.90M $2.94M $2.95M

$2.63M $2.70M

Jun-21

May-22

Jun-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

350

300

250

200

150

30%

100

17%

13%

50

5%

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

2 0 n/a

2 0 n/a

1 0 n/a

6 1 17%

23 7 30%

60 8 13%

351 16 5%

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