the rennie review - May 2022

vancouvereast DETACHED-APRIL 202

SALESTO LISTINGSRATIO 23% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

SALES

TOTALLISTINGS

▲ 13% VS2021

▲ 12% VS2021

▼ 24% VS2021

▼ 50% VS2021

Therewere485detachedlistingsinVancouverEastin April,7%aboveMarchand24%lowerthanApril2021. Aprildetachedhomesalesdecreasedby38% month-over-month,to110,andwere50%belowApril 2021. Thesales-to-listingratiofordetachedinVancouverEast, at23%,reflectedaselers'market.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 35% 221 635

%Change

No. 39% 176 454

%Change

TOTALLISTINGS TOTALSALES

23% 110 485

13% 12% -35% -50% -24%

0.6% -1.1% -41% -38% 7%

ThedetachedmedianpriceinAprilwas$2,065,000,a 1.1%decreasefromMarchand12%aboveApril2021.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

Theaveragesoldpricewas$2,151,274,0.6%abovelast monthandup13%toApril2021.

$2,137,891 $2,089,000

$2,151,274 $2,065,000

$1,906,821 $1,850,000

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

684 663

635

1.771.73 1.721.75

1.76

566

480

454

1.67

485

508

409

390

422

332

317

191

221

176

144

135

136

126

154

10

17

101

94

65

$2.09M $2.17M

$2.10M

$2.07M

$1.88M

$1.85M

$1.85M

$1.85M

$1.80M

$1.77M

$1.75M

$1.72M

$1.69M

Apr-21

Mar-22

Apr-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

160

140

100%

120

100

80

60

33%

33%

29%

40

12%

20

9%

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-LRATIO SALES INVENTORY

0 1 n/a

1 1 100%

9 3 33%

149 43 29%

128 42 33%

95 11 12%

103 9 9%

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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