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
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