vancouvereast CONDO -MAY 2023
SALES TO LISTINGSRATIO 46% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2022
▲ 12% VS 2022
▼ 12% VS 2022
▼ 5% VS 2022
Therewere353 condolistingsin VancouverEastin M ay, 1.4% below Apriland 12% lowerthan M ay2022.
M aycondosalesincreased by41% m onth-over-m onth,to 161,and were5% below M ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 43% 170 399
% Change
No. 32% 114 358
% Change
Thesales-to-listing ratio forcondosin VancouverEast,at 46% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
46% 161 353
5% 5% 12% 7% -5% -12%
7% 10% 14% 43% 41% -1.4%
Thecondom edian pricein M aywas$748,200,a14% increasefrom Apriland 12% aboveM ay2022. Theaveragesold pricewas$770,626,10% abovelast m onth;theaveragePSF salepricewas$1,009,up 7% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,009 $770,626 $748,200
$943 $701,339 $657,000
$958 $730,737 $669,500
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
381
399
365
358
392 394
334
353
371
368
316
310
290
170
139
161
1
103
101
14
101
89 84
77
57 57
$748K
$670K $680K $685K
$665K $657K
$616K $613K $655K $616K $650K $645K $610K
VANCOUVEREAST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
4+ bdrms
100
3
80
8
3 bdrms
56%
53%
60
34
49%
49%
36%
40
84
25%
2 bdrms
159
20
5%
0
69
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
4 1 25%
73 36 49%
115 61 53%
90 44 49%
36 13 36%
9 5 56%
21 1 5%
5 0 n/a
157
Copyright© June5,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune5,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 46 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online