vancouverregion DETACHED -AUGUST 2023
SALES TO LISTINGSRATIO 15% BALANCEDMARKET
▶ MARKETSUMMARY Therewere7,115 detached listingsin theVancouver Region in August,2% aboveJulyand 1.7% higherthan August2022. Augustdetached hom esalesdecreased by8% m onth-over-m onth,to 1,046,and were18% above August2022. Thesales-to-listing ratio fordetached in the Vancouver Region,at15% ,reflected abalanced m arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 12% VS 2022
▲ 9% VS 2022
▲ 1.7% VS 2022
▲ 18% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
1,046 7,115
13% 887 6,997
12% 9% 16% 18% 1.7%
1,131 6,975
-9% -8% 2%
Thedetachedm edian pricein Augustwas$1,664,833,a 0.9% increasefrom Julyand 9% aboveAugust2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,987,830 $1,664,833 15%
$1,939,314 $1,650,000 16%
Theaveragesold pricewas$1,987,830,3% abovelast m onth and up 12% toAugust2022.
3% 0.9%
$1,778,840 $1,525,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
6,758
7,15
6,997
6,495
6,12
6,975
6,847
5,942
1.85
1.79
1.79
4,816
5,226
5,016
4,786
4,553
1.41
1.37
1.36
1,697
1,616
1,323
905
803
629
1,046
514
1,396
887
1,131
857
836
$1.65M $1.71M $1.67M $1.65M $1.66M
$1.53M $1.52M $1.54M $1.50M $1.50M $1.45M $1.55M $1.56M
22-Aug
23-Jul 23-Aug
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
2000
1500
1000
36%
28%
500
23%
22%
21%
16%
16%
9%
7%
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+ 1,885 124 7%
S-L RATIO SALES INVENTORY
127 46 36%
78 18 23%
240 52 22%
412 115 28%
864 179 21%
1,770 292 16%
947 149 16%
792 71 9%
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