vancouverregion TOWNHOME-AUGUST 2023
SALES TO LISTINGSRATIO 36% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,884 townhom elistingsin theVancouver Region in August,nochangetoJulyand 16% lowerthan August2022. Augusttownhom esalesdecreased by13% m onth-over-m onth,to671,and were17% aboveAugust 2022. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at36% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$900,000,a 2% decreasefrom Julyand 6% aboveAugust2022. Theaveragesold pricewas$985,796,1.4% below last m onth;theaveragePSF salepricewas$670,up 0.3% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 7% VS 2022
▲ 6% VS 2022
▼ 16% VS 2022
▲ 17% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
36% 671 1,884
25% 573 2,252
40% 17% -16%
41% 767 1,884
0.3% -1.4% -2% -13% -13% 0%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$670 $985,796 $900,000
$668 $999,469 $920,000
$628 $923,861 $852,000
7% 7% 6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,252
1,998
2,234
2,162
1,884
1,788
1,884
1,571
1,839
1,589
1,567
1,529
1,507
945
947
757
548
671
516
784
767
573
467
415
340
289
$923K $915K $920K $900K
$852K $850K $870K $860K $840K $810K
$860K $865K $899K
VancouverRegion REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
600
127
500
4+ bdrms
432
400
367
3 bdrms
300
968
51%
45% 43%
35%
200
27%
27%
168
2 bdrms
20%
450
100
10%
0
9
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
34
S-L RATIO SALES INVENTORY
22 6 27%
69 35 51%
341 154 45%
560 240 43%
358 124 35%
229 62 27%
203 40 20%
102 10 10%
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