greatervancouverboard area DETACHED -JULY 202
SALES TO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 4,338 detached listingsin the G reater Vancouverboard areain July,3% below Juneand 7% higherthan July2021. July detached hom esalesdecreased by 19% m onth-over-m onth,to 532,and were49% below July 2021. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at12% ,reflected abalanced market. Thedetachedm edian pricein Julywas$1,748,750,a3% decreasefrom Juneand 9% aboveJuly2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2021
▲ 9% VS 2021
▲ 7% VS 2021
▼ 49% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
12% 532 4,338
1,044 4,051
-52% -49% 7%
15% 658 4,463
-17% -19% -3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,919,861 $1,611,000 26%
Theaveragesold pricewas$2,044,130,3% below last m onth and up 6% toJuly2021.
$2,105,177 $1,800,000
-3% -3%
$2,044,130 $1,748,750
6% 9%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,236
4,463
4,338
4,051
3,656
1.79
3,254
1.77
1.76
3,714
3,688
2,875
2,799
3,180
1.48
1.47
1.42
2,264
2,21
1,298
1,092
1,007
985
1,044
957
935 950
532
793
795
658
623
$1.99M $2.01M $2.00M $2.00M $1.90M
$1.80M $1.75M
$1.76M $1.85M $1.85M
$1.61M $1.65M $1.67M
Jul-21
Jun-22
Jul-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1600
1400
1200
1000
800
600
28%
25%
400
22%
20%
17%
16%
15%
200
7%
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+ 1,461 70 5%
S-L RATIO SALES INVENTORY
56 14 25%
45 7 16%
96 19 20%
165 47 28%
400 86 22%
949 158 17%
575 88 15%
591 43 7%
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.
●
8
Made with FlippingBook - professional solution for displaying marketing and sales documents online