the rennie review - June 2023

vancouvereast DETACHED -MAY 2023

SALES TO LISTINGSRATIO 32% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 1.2% VS 2022

▲ 5% VS 2022

▼ 27% VS 2022

▲ 32% VS 2022

Therewere390 detached listingsin VancouverEastin M ay,8% aboveApriland 27% lowerthan M ay2022. M ay detached hom esalesincreased by 65% m onth-over-m onth,to124,and were32% aboveM ay 2022. Thesales-to-listing ratio fordetached in VancouverEast, at32% ,reflected aselers'm arket.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

32% 124 390

$2,105,947 $1,940,000 18% 94 531

-1.2% 5% 80% 32% -27%

$2,027,959 $1,950,000 21% 75 360

53% 65% 8%

Thedetachedm edian pricein M aywas$2,030,000,a4% increasefrom Apriland 5% aboveM ay2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$2,080,948,3% abovelast m onth and down 1.2% toM ay2022.

3% 4%

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

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

516

531

565

545

456

1.85

41

480

1.79

1.76

390

1.69

332

1.62

360

355

332

1.47

321

93

124

75

66

94

50

39

33

75

54

59

55

56

$1.95M $2.03M

$1.94M

$1.86M $1.79M $1.77M

$1.74M $1.80M

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

22-May

23-Apr

23-May

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

120

100

80

60

53%

42%

40

25%

16%

20

5%

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

1 0 n/a

16 4 25%

105 56 53%

111 47 42%

79 13 16%

77 4 5%

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