vancouverwest DETACHED -MAY 2023
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▲ 5% VS 2022
▼ 27% VS 2022
▲ 33% VS 2022
Therewere516 detached listingsin VancouverW estin M ay,8% aboveApriland 27% lowerthan M ay2022. M ay detached hom esalesincreased by 17% m onth-over-m onth,to110,and were33% aboveM ay 2022. Thesales-to-listing ratio fordetached in VancouverW est, at21% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
21% 110 516
$3,958,009 $3,488,000 12% 83 709
82% 33% -27%
$4,059,106 $3,500,500 20% 94 479
1.1% 5% 9% 17% 8%
Thedetachedm edian pricein M aywas$3,670,000,a5% increasefrom Apriland 5% aboveM ay2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$4,101,895,1.1% abovelast m onth and up 4% toM ay2022.
$4,101,895 $3,670,000
4% 5%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
709
657
648
701
665
566
2.41
589
498
491
2.31
516
2.13
490
479
466
1.93
1.76
1.69
96
73
69
66
10
57
52
52
47
83
40
25
94
$3.49M $3.44M $3.46M
$3.48M $3.50M $3.67M
$3.47M
$3.43M $3.36M
$3.19M $3.21M
$3.10M
$3.05M
22-May
23-Apr
23-May
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
500
400
300
59%
55%
200
43%
100
17%
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
1 0 n/a
7 3 43%
11 6 55%
37 22 59%
460 79 17%
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