westvancouver DETACHED -NOVEMBER 202
SALES TO LISTINGSRATIO 4% BUYERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 11% VS 2021
▼ 4% VS 2021
▲ 7% VS 2021
▼ 60% VS 2021
Therewere387 detached listingsin W estVancouverin N ovem ber,7% below O ctoberand 7% higherthan N ovem ber2021. N ovem berdetached hom esalesdecreased by39% m onth-over-m onth,to17,and were60% below N ovem ber2021. Thesales-to-listing ratio fordetached in W estVancouver, at4% ,reflected abuyers'm arket. Thedetached m edian pricein N ovem berwas $2,599,900,a16% decreasefrom O ctoberand 4% below N ovem ber2021. Theaveragesold pricewas$3,265,759,7% below last m onth and up 11% toN ovem ber2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No. 7% 28 417
% Change
TOTALLISTINGS TOTALSALES
4% 17 387
$2,942,381 $2,700,000 12% 43 363
11% -4% -63% -60% 7%
-7% -16% -35% -39% -7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$3,525,518 $3,096,250
$3,265,759 $2,599,900
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
425
417
445
393
436
427
419
363
387
1.94
327
1.76
337
1.72
296
276
1.20
63
58
46
41
32
32
29
28
28
26
43
53
17
$3.18M $3.32M
$3.14M $3.04M $2.96M $3.00M
$3.10M
$3.06M
$2.88M $2.79M $2.70M
$2.70M
$2.60M
Nov-21
Oct-22
Nov-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
300
250
200
150
38%
100
13%
50
4%
2%
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
0 1 n/a
8 3 38%
30 4 13%
56 2 4%
293 7 2%
Copyright© Decem ber5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofDecem ber5,202 .Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
51
Made with FlippingBook - professional solution for displaying marketing and sales documents online