vancouvereast DETACHED -JULY 202
SALES TO LISTINGSRATIO 10% BUYERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2021
▲ 6% VS 2021
▼ 4% VS 2021
▼ 63% VS 2021
Therewere545 detached listingsin VancouverEastin July,4% below Juneand 4% lowerthan July2021. July detached hom esalesdecreased by 29% m onth-over-m onth,to54,and were63% below July 2021. Thesales-to-listing ratio fordetached in VancouverEast, at10% ,reflected abuyers'm arket.
THISMONTH No. $1,886,038 $1,790,000 10% 54 545
PREVIOUSYEAR
PREVIOUSMONTH
No. 25% 144 566
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
-61% -63% -4%
$1,962,447 $1,857,500 13% 76 565
-26% -29% -4%
Thedetachedm edian pricein Julywas$1,790,000,a4% decreasefrom Juneand 6% aboveJuly2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$1,886,038,4% below last m onth and up 6% toJuly2021.
-4% -4%
$1,783,480 $1,688,500
6% 6%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
566
531
545
565
480
454
508
1.78
485
409
1.73
390
1.69
422
1.62
1.52
1.51
332
317
176
135 136
126
144
76
17
10
101
94
94
54
65
$2.10M $2.17M $2.09M
$2.07M $1.94M
$1.86M $1.79M
$1.80M $1.75M $1.85M $1.88M $1.85M
$1.69M
Jul-21
Jun-22
Jul-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
150
100
50%
28%
50
16%
8%
5%
1%
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
2 1 50%
29 8 28%
179 28 16%
145 11 8%
110 5 5%
80 1 1%
Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .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.
●
44
Made with FlippingBook - professional solution for displaying marketing and sales documents online