vancouverwest DETACHED -AUGUST 2023
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 36% VS 2022
▲ 33% VS 2022
▼ 16% VS 2022
▲ 25% VS 2022
Therewere554 detached listingsin VancouverW estin August,3% below Julyand 16% lowerthan August2022. Augustdetached hom esalesincreased by4% m onth-over-m onth,to71,and were25% aboveAugust 2022. Thesales-to-listing ratio fordetached in VancouverW est, at13% ,reflected abalanced m arket.
THISMONTH No. $4,570,872 $4,070,000 13% 71 554
PREVIOUSMONTH
PREVIOUSYEAR
No. 9% 57 657
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
36% 33% 48% 25% -16%
$4,352,924 $3,509,000 12% 68 570
5% 16% 7% 4% -3%
Thedetachedm edian pricein Augustwas$4,070,000,a 16% increasefrom Julyand 33% aboveAugust2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$4,570,872,5% abovelast m onth and up 36% toAugust2022.
$3,364,745 $3,050,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
657
570
648
566
558
554
589
498
491
2.91
516
490
479
466
2.36
2.16
1.76
10
96
1.61
73
66
52
52
1.52
40
71
25
57
94
75
68
$4.07M
$3.51M
$3.47M
$3.48M $3.50M $3.67M
$3.19M $3.21M $3.43M $3.36M
$3.15M
$3.10M
$3.05M
22-Aug
23-Jul 23-Aug
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
500
400
300
200
25%
100
14%
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+
S-L RATIO SALES INVENTORY
0 1 n/a
0 2 n/a
3 0 n/a
14 2 14%
52 13 25%
485 53 11%
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