greatervancouverboard area DETACHED -OCTOBER 202
SALES TO LISTINGSRATIO 15% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.1% VS 2021
▼ 2.0% VS 2021
▲ 23% VS 2021
▼ 47% VS 2021
Therew ere 3,923 detached listingsin the G reater Vancouverboard areain O ctober,5% below Septem ber and 23% higherthan October2021. O ctoberdetached hom esalesincreased by 9% m onth-over-m onth,to 581,and were47% below O ctober 2021. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at15% ,reflected abalanced market. Thedetachedm edian pricein Octoberwas$1,720,000,a 2% increasefrom Septem berand 2.0% below O ctober 2021. Theaveragesold pricewas$2,070,518,1.9% below last m onth and up 0.1% toOctober2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
15% 581 3,923
1,092 3,180
0.1% -2% -57% -47% 23%
13% 533 4,119
-1.9% 2% 14% 9% -5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,069,047 $1,755,000 34%
$2,110,852 $1,680,000
$2,070,518 $1,720,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,463
4,236
4,19
4,338
3,923
4,154
1.86
3,254
3,714
1.78
3,180
2,875
1.68
2,799
1.54
1.47
1.45
2,264
2,21
1,297
985
1,005
1,092
956
581
792
794
656
621
530 524 533
$2.01M $2.00M $2.00M $1.90M
$1.85M $1.98M
$1.80M $1.74M $1.70M $1.68M $1.72M
$1.76M $1.85M
Oct-21
Sep-22
Oct-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1400
1200
1000
800
600
36%
28%
400
26%
21%
20%
17%
16%
200
9%
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+ 1,356 85 6%
S-L RATIO SALES INVENTORY
47 12 26%
47 8 17%
107 23 21%
169 61 36%
353 100 28%
822 162 20%
521 84 16%
501 46 9%
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