vancouverwest DETACHED -OCTOBER 202
SALES TO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY Therewere589 detached listingsin VancouverW estin O ctober,9% below Septem berand 13% lowerthan October2021. O ctoberdetached hom esalesincreased by 35% m onth-over-m onth,to 73,and were33% below O ctober 2021. Thesales-to-listing ratio fordetached in VancouverW est, at12% ,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$3,103,500,a 9% decreasefrom Septem berand 3% below O ctober 2021. Theaveragesold pricewas$3,725,548,11% below last m onth and down 0% toOctober2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 0.0% VS 2021
▼ 3% VS 2021
▼ 13% VS 2021
▼ 33% VS 2021
THISMONTH No. $3,725,548 $3,103,500 12% 73 589
PREVIOUSYEAR
PREVIOUSMONTH
No. 16% 109 675
% Change
No. 8% 54 648
% Change
TOTALLISTINGS TOTALSALES
-23% -33% -13%
-11% -9% 49% 35% -9%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$4,194,269 $3,395,000
$3,725,985 $3,200,000
0% -3%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
675
648
675
709
626
701
665
657
589
2.32
602
2.23
544
2.10
530
507
1.92
1.67
1.56
123
102
100
83
109
69
57
54
47
73
93
78
65
$3.67M $3.55M
$3.66M $3.52M $3.77M
$3.49M $3.44M $3.46M
$3.40M $3.10M
$3.21M
$3.20M
$3.05M
Oct-21
Sep-22
Oct-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
500
89%
400
300
200
28%
25%
100
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+
S-L RATIO SALES INVENTORY
8 2 25%
18 16 89%
58 16 28%
505 39 8%
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