greatervancouverboard area DETACHED -AUGUST 2023
SALES TO LISTINGSRATIO 15% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 18% VS 2022
▲ 11% VS 2022
▼ 2% VS 2022
▲ 14% VS 2022
Therew ere 4,092 detached listingsin the G reater Vancouverboard areain August,1.6% aboveJulyand 2% lowerthan August2022. Augustdetached hom esalesdecreased by12% m onth-over-m onth,to596,and were14% aboveAugust 2022. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at15% ,reflected abalanced market. Thedetachedm edian pricein Augustwas$1,890,000,a 4% increasefrom Julyand 11% aboveAugust2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
15% 596 4,092
13% 524 4,187
18% 11% 16% 14% -2%
17% 681 4,029
-14% -12% 1.6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$2,347,753,8% abovelast m onth and up 18% toAugust2022.
$2,170,838 $1,810,000
8% 4%
$2,347,753 $1,890,000
$1,992,902 $1,700,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
3,954
3,964
4,187
4,092
4,148
3,598
4,029
1.80
3,579
1.79
2,968
3,228
1.66
3,077
2,928
2,801
1.52
1.48
1.39
1,038
733
578
490
371
844
596
301
806
524
681
532
513
$1.81M $1.88M $1.90M $1.86M $1.81M $1.89M $1.71M
$1.70M $1.68M $1.72M
$1.69M $1.70M $1.58M
22-Aug
23-Jul 23-Aug
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1400
1200
1000
800
600
27%
26%
400
23%
20%
19%
19%
17%
10%
200
8%
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+ 1,453 110 8%
S-L RATIO SALES INVENTORY
60 12 20%
47 12 26%
116 20 17%
161 37 23%
313 83 27%
840 159 19%
565 107 19%
537 56 10%
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