vancouverregion DETACHED -JULY 202
SALES TO LISTINGSRATIO 12% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere7,368 detached listingsin theVancouver Region in July,3% below Juneand 18% higherthan July 2021. July detached hom esalesdecreased by 20% m onth-over-m onth,to 877,and were54% below July 2021. Thesales-to-listing ratio fordetached in the Vancouver Region,at12% ,reflected abuyers'm arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 9% VS 2021
▲ 10% VS 2021
▲ 18% VS 2021
▼ 54% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
12% 877 7,368
1,899 6,236
9% 10% -61% -54% 18%
1,090 7,584
-17% -20% -3%
Thedetachedm edian pricein Julywas$1,600,000,a3% decreasefrom Juneand 10% aboveJuly2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,908,717 $1,650,000 14%
$1,699,314 $1,450,000 30%
Theaveragesold pricewas$1,856,230,3% below last m onth and up 9% toJuly2021.
-3% -3%
$1,856,230 $1,600,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
7,193
7,584
7,368
6,236
1.85
5,481
5,397
6,295
1.80
1.79
5,531
4,587
4,181
4,694
1.44
1.42
1.38
3,318
2,319
3,120
1,879
1,794
1,899
1,090
1,788
1,752
1,697
1,571
1,490
877
1,284
1,150
$1.83M $1.80M $1.73M $1.85M $1.89M
$1.65M $1.60M
$1.60M $1.69M $1.69M
$1.45M $1.48M $1.54M
Jul-21
Jun-22
Jul-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
2000
1500
1000
28%
500
23%
21%
19%
17%
14%
12%
7%
4%
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+ 1,890 85 4%
S-L RATIO SALES INVENTORY
130 27 21%
69 16 23%
223 43 19%
418 117 28%
954 162 17%
1,863 257 14%
946 113 12%
875 57 7%
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