highlights • M edian M LS sold pricesin both theG reaterVancouverand FraserValey board areasdeclined in M ay(by4% overal,on average,between thetwo board areas). • Both theG reaterVancouverand theFraserValeyboard areaexperienced m onth-over-m onth declinesofsim ilarm agnitudes,with m edian detached pricesdippingby5%,condosby3%,and townhom esbybetween 5-6%. • O n ayear-over-yearbasis,G reaterVancouver’sdetached hom em edian pricesw ere17% higherin M ay;in theFraserValey,theywereup 15%.Again com pared tooneyearago,m edian townhom e and condo pricesroseatafasterpacein theFraserValey(at21% and 23% ,respectively)than in G reaterVancouver(which talied increasesof15% and 13% fortownhom esand condos, respectively).
THERENNIEADVANCE median prices
MAY 202
$2,000,000
Greater Vancouver
$1.90M
$1,600,000
+ 17% vsM ay2021
$1.54M
$1,200,000
$800,000
DETACHED median salesprice
FraserValey
$400,000
+ 15% vsM ay2021
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $0
━ G reaterVancouver ━ FraserValey
● May
$1,200,000
Greater Vancouver
$1,000,000
$1,035,000 $870,000
+ 15% vsM ay2021
$800,000
$600,000
$400,000
TOWNHOME median salesprice
FraserValey
$200,000
+ 21% vsM ay2021
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $0
━ G reaterVancouver ━ FraserValey
● May
$1,000,000
Greater Vancouver
$800,000
+ 13% vsM ay2021
$716,000
$600,000
$548,000
$400,000
CONDO median salesprice
FraserValey
$200,000
+ 23% vsM ay2021
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $0
━ G reaterVancouver ━ FraserValey
● May
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