the rennie advance - June 2023

highlights • O n am onth-over-m onth basis,lastm onth’sm edian prices,when averaged acros al hom etypes, increased by 1.0% in theG reaterVancouverboard areaand 4% in theFraserValey board area. Com pared toM ay2022,m edian priceswereactualyup by1.0% in G reaterVancouver,though they rem ained 2% low erin theFraserValey. • Com pared to April,m edian sold pricesin G reaterVancouverroseforeach hom etype.For detached hom es,theincreasewas1.3%,folowed bycondosat1.1%,and townhom esat0.4%. Com pared toM ay2022,them edian condopriceand townhom epricewas1.7% and 1.4% higher, respectively,w hilem edian detached hom epricesw ereeven w ith lastyear. • In theFraserValey,them edian detached hom epriceand condopriceroseby5% overthepast m onth,outpacingthe1.4% riseoftownhom eprices.Com pared tolastyear,them edian priceof each hom etype(detached,townhom e,and condo)wasdown by2%.

THERENNIEADVANCE median prices

MAY 2023

$2,000,000

- vsM ay2022 Greater Vancouver

$1.90M

$1,600,000

$1.50M

$1,200,000

$800,000

DETACHED median salesprice

FraserValey

$400,000

- 2% vsM ay2022

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0

━ G reaterVancouver ━ FraserValey

● May

$1,200,000

Greater Vancouver

$1,000,000

$1,050,000

+ 1.4% vsM ay2022

$800,000

$850,000

$600,000

$400,000

TOWNHOME median salesprice

FraserValey

$200,000

- 2% vsM ay2022

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0

━ G reaterVancouver ━ FraserValey

● May

$1,000,000

+ 1.7% vsM ay2022 Greater Vancouver

$800,000

$728,000

$600,000

$535,000

$400,000

CONDO median salesprice

FraserValey

$200,000

- 2% vsM ay2022

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0

━ G reaterVancouver ━ FraserValey

● May

Copyright© June1,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune1,2023.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

5

Made with FlippingBook - professional solution for displaying marketing and sales documents online