vancouverregion DETACHED -OCTOBER 202
SALES TO LISTINGSRATIO 14% BALANCEDMARKET
▶ MARKETSUMMARY Therewere6,451 detached listingsin theVancouver Region in O ctober,5% below Septem berand 37% higher than October2021. O ctoberdetached hom esalesincreased by 6% m onth-over-m onth,to 908,and were52% below O ctober 2021. Thesales-to-listing ratio fordetached in the Vancouver Region,at14% ,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$1,539,000,a 0.9% increasefrom Septem berand 4% below O ctober 2021. Theaveragesold pricewas$1,844,255,0.3% below last m onth and down 1% toOctober2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.0% VS 2021
▼ 4% VS 2021
▲ 37% VS 2021
▼ 52% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
14% 908 6,451
1,879 4,694
-65% -52% 37%
13% 859 6,803
-0.3% 0.9% 11% 6% -5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,863,494 $1,600,000 40%
$1,849,951 $1,525,000
$1,844,255 $1,539,000
-1% -4%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
7,585
7,193
6,803
7,369
6,952
6,451
1.89
5,481
6,295
1.79
1.77
4,587
4,694
4,181
1.43
1.40
1.39
3,318
2,313
3,120 1,489
1,794
1,879
1,086
888
1,749
1,568
908
1,282
1,147
875
859
$1.83M $1.80M $1.73M $1.85M $1.89M
$1.65M $1.60M $1.53M $1.53M $1.54M
$1.60M $1.69M $1.69M
Oct-21
Sep-22
Oct-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1500
1000
33%
500
25%
23%
19%
16%
16%
13%
8%
6%
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+ 1,742 96 6%
S-L RATIO SALES INVENTORY
143 23 16%
90 17 19%
241 61 25%
420 140 33%
797 183 23%
1,472 229 16%
817 103 13%
729 56 8%
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