greatervancouverboard area TOWNHOME-AUGUST 2023
SALES TO LISTINGSRATIO 34% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,024 townhom elistingsin theG reater Vancouverboard areain August,0.8% below Julyand 7% lowerthan August2022. Augusttownhom esalesdecreased by10% m onth-over-m onth,to352,and were21% aboveAugust 2022. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at34% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$1,063,000,a 3% decreasefrom Julyand 12% aboveAugust2022. Theaveragesold pricewas$1,121,961,2% below last m onth;theaveragePSF salepricewas$791,down 0.4% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 8% VS 2022
▲ 12% VS 2022
▼ 7% VS 2022
▲ 21% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
34% 352 1,024
26% 290 1,096
12% 30% 21% -7%
38% 391 1,032
-0.4% -2% -3% -9% -10% -0.8%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$791 $1,121,961 $1,063,000
$794 $1,146,361 $1,093,000
$740 $1,034,993 $945,000
7% 8%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,161
1,053
1,029 1,032
1,096
991
1,17
1,024
910
910
845
816 823
500
470
368
306
352
271
396
391
290
186
232
226
120
$1.09M $1.09M $1.06M
$1.02M
$1000K $1.05M $1.05M
$987K $979K $1.04M
$945K $950K
$949K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
250
56
4+ bdrms
200
181
150
208
59%
3 bdrms
546
46% 45%
100
39%
29%
80
2 bdrms
19%
267
50
10%
10%
0
8
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
30
S-L RATIO SALES INVENTORY
10 1 10%
26 12 46%
92 41 45%
177 104 59%
237 92 39%
189 55 29%
192 37 19%
101 10 10%
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