the rennie review | September 2023

westvancouver DETACHED -AUGUST 2023

SALES TO LISTINGSRATIO 8% BUYERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 12% VS 2022

▲ 4% VS 2022

▲ 4% VS 2022

▲ 21% VS 2022

Therewere437 detached listingsin W estVancouverin August,2% below Julyand 4% higherthan August2022. Augustdetached hom esalesincreased by31% m onth-over-m onth,to34,and were21% aboveAugust 2022. Thesales-to-listing ratio fordetached in W estVancouver, at8% ,reflected abuyers'm arket.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No. 7% 28 419

% Change

No. 6% 26 448

% Change

TOTALLISTINGS TOTALSALES

8% 34 437

-12% 4% 16% 21% 4%

-19% -11% 34% 31% -2%

Thedetachedm edian pricein Augustwas$2,892,500,a 11% decreasefrom Julyand 4% aboveAugust2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$3,092,532,19% below last m onth and down 12% toAugust2022.

$3,818,804 $3,260,000

$3,092,532 $2,892,500

$3,500,847 $2,790,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

423

417

437

448

419

387

436

379

2.43

303

332

305

298

276

1.661.66

1.65

47

41

39

27

27

26

26

26

23

17

17

1.21

34

28

0.98

$3.50M

$3.48M $3.26M

$3.09M

$2.89M

$2.87M $2.78M

$2.87M

$2.79M $2.70M

$2.60M $2.70M $2.75M

22-Aug

23-Jul 23-Aug

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

350

300

250

200

150

31%

100

50

9%

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+

S-L RATIO SALES INVENTORY

4 0 n/a

6 0 n/a

35 11 31%

65 6 9%

327 17 5%

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