vancouverwest TOWNHOME-AUGUST 2023
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 1.5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▲ 9% VS 2022
▲ 12% VS 2022
▲ 27% VS 2022
Therewere175 townhom elistingsin VancouverW estin August,3% below Julyand 12% higherthan August2022. Augusttownhom esalesincreased by14% m onth-over-m onth,to33,and were27% aboveAugust 2022. Thesales-to-listing ratio fortow nhom esin Vancouver W est,at19% ,reflected abalanced m arket. Thetownhom em edian pricein Augustwas$1,399,888,a 14% decreasefrom Julyand 9% aboveAugust2022. Theaveragesold pricewas$1,440,581,6% below last m onth;theaveragePSF salepricewas$1,115,down 6% tolastm onth.
THISMONTH No. $1,115 $1,440,581 $1,399,888 19% 33 175
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$1,099 $1,398,792 $1,290,000 17% 26 156
1.5% 3% 9% 13% 27% 12%
$1,185 $1,539,879 $1,628,000 16% 29 181
-6% -6% -14% 18% 14% -3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
170
169
175
181
151
156
163
156
153
131
124
19
18
50
49
31
27
24
33
19
26
13
12
29
21
20
$1.70M $1.63M
$1.64M
$1.60M
$1.61M
$1.52M
$1.40M $1.40M
$1.40M
$1.34M $1.42M $1.32M
$1.29M
VANCOUVERW EST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
4+ bdrms
20
60
18
60%
3 bdrms
56%
90
40
40%
15
25%
2 bdrms
20
55
12%
7%
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
10
S-L RATIO SALES INVENTORY
1 0 n/a
4 1 25%
10 6 60%
9 5 56%
20 8 40%
85 10 12%
7%
46 3
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