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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