vancouverregion DETACHED -APRIL 2023
SALES TO LISTINGSRATIO 27% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere5,226 detached listingsin theVancouver Region in April,4% aboveM arch and 17% lowerthan April2022. A prildetached hom esalesincreased by 6% m onth-over-m onth,to1,402,and were10% below April 2022. Thesales-to-listing ratio fordetached in the Vancouver Region,at27% ,reflected aselers'm arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 8% VS 2022
▼ 9% VS 2022
▼ 17% VS 2022
▼ 10% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
1,402 5,226
1,559 6,329
-10% -17%
1,325 5,016
6% 4%
Thedetachedm edian pricein Aprilwas$1,644,450,a6% increasefrom M arch and 9% below April2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,926,386 $1,644,450 27%
$1,841,232 $1,555,000 26%
5% 6% 1.6%
$2,093,102 $1,800,000 25%
-8% -9% 9%
Theaveragesold pricewas$1,926,386,5% abovelast m onth and down 8% toApril2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
7,232
7,630
6,847
7,416
6,495
6,997
5,942
6,329
1.84
1.83
1.80
4,816
5,226
5,016
4,786
4,553
1.48
1.40
1.38
1,325
1,559
887
905
1,402
803
632
514
1,281
1,083
872
857
838
$1.80M
$1.73M $1.65M $1.60M
$1.55M $1.56M $1.64M
$1.53M $1.52M $1.54M $1.50M $1.50M $1.45M
22-Apr
23-M ar 23-Apr
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1500
1000
65%
49%
40%
37%
34%
500
25%
24%
17%
11%
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+ 1,533 164 11%
S-L RATIO SALES INVENTORY
124 31 25%
55 22 40%
163 61 37%
247 160 65%
587 288 49%
1,158 395 34%
780 185 24%
579 96 17%
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