the rennie review - July 2023

vancouvereast DETACHED -JUNE 2023

SALES TO LISTINGSRATIO 21% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 3% VS 2022

▲ 8% VS 2022

▼ 21% VS 2022

▲ 28% VS 2022

Therewere448 detached listingsin VancouverEastin June,15% aboveM ayand 21% lowerthan June2022. Junedetached hom esalesdecreased by23% m onth-over-m onth,to96,and were28% aboveJune 2022. Thesales-to-listing ratio fordetached in VancouverEast, at21% ,reflected aselers'm arket.

THISMONTH No. $2,023,983 $2,004,000 21% 96 448

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No. 32% 124 390

% Change

TOTALLISTINGS TOTALSALES

$1,971,947 $1,860,000 13% 75 565

61% 28% -21%

-3% -1.3% -33% -23% 15%

Thedetachedm edian pricein Junewas$2,004,000,a 1.3% decreasefrom M ayand 8% aboveJune2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$2,023,983,3% below last m onth and up 3% toJune2022.

$2,080,948 $2,030,000

3% 8%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

565

516

545

456

1.85

41

448

480

1.711.68

1.69

332

390

1.62

360

355

332

1.47

321

124

93

66

96

50

75

39

33

75

54

59

55

56

$1.95M $2.03M $2.00M

$1.86M $1.79M $1.77M

$1.74M $1.80M

$1.66M $1.71M $1.70M $1.72M $1.60M

22-Jun

23-M ay 23-Jun

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

140

120

100

80

60

46%

32%

30%

40

12%

20

1%

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

2 0 n/a

13 6 46%

129 41 32%

123 37 30%

92 11 12%

88 1 1%

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