highlights • M edian pricesfortheFraserValey and G reaterVancouverboard areasdeclined,on average,by 5% and 3% respectively,com pared to July. • A l hom etypes,acros both board areas,experienced m onth-over-m onth decreasesin price. M edian detached hom eand townhom epricesin theFraserValeyareadeclined by6%,whilein G reaterVancouverthey fel by 2% and 5% ,respectively.Condo pricesfel theleastin each respectiveboard area:by4% in theFraserValeyand by0.4% in G reaterVancouver. • In G reaterVancouver,August2022’stownhom e,condo,and detached hom em edian priceswere 5% ,7% ,and 3% abovelastyear’slevels,respectively.In theFraserValey,townhom eand condo pricesrem ained 7% and 11% higher,whiledetached m edian hom epriceswere0.8% below last year’slevel.
THERENNIEADVANCE median prices
AUGUST 202
$2,000,000
+ 3% vsAug2021 Greater Vancouver
$1,600,000
$1.70M
$1.34M
$1,200,000
$800,000
DETACHED median salesprice
FraserValey
$400,000
- 0.8% vsAug2021
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0
━ G reaterVancouver ━ FraserValey
● August
$1,200,000
Greater Vancouver
$1,000,000
$945,000 $790,000
+ 5% vsAug2021
$800,000
$600,000
$400,000
TOWNHOME median salesprice
FraserValey
$200,000
+ 7% vsAug2021
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0
━ G reaterVancouver ━ FraserValey
● August
$1,000,000
+ 7% vsAug2021 Greater Vancouver
$800,000
$690,000
$600,000
$514,900
$400,000
CONDO median salesprice
FraserValey
$200,000
+ 11% vsAug2021
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0
━ G reaterVancouver ━ FraserValey
● August
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