vancouverregion DETACHED -MAY 2023
SALES TO LISTINGSRATIO 28% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere6,112 detached listingsin theVancouver Region in M ay,17% aboveApriland 15% lowerthan M ay 2022. M ay detached hom esalesincreased by 22% m onth-over-m onth,to1,699,and were33% aboveM ay 2022. Thesales-to-listing ratio fordetached in the Vancouver Region,at28% ,reflected aselers'm arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 2% VS 2022
▼ 0.9% VS 2022
▼ 15% VS 2022
▲ 33% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
1,699 6,112
1,281 7,232
-2% -0.9% 57% 33% -15%
1,398 5,226
22% 17%
Thedetachedm edian pricein M aywas$1,710,000,a4% increasefrom Apriland 0.9% below M ay2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,969,988 $1,710,000 28%
$1,926,198 $1,647,450 27%
2% 4% 4%
$2,019,529 $1,725,000 18%
Theaveragesold pricewas$1,969,988,2% abovelast m onthand down 2% toM ay2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
7,630
6,847
7,232
7,416
6,495
6,997
5,942
6,12
1.86
1.86
1.84
4,816
5,226
5,016
4,786
4,553
1.42
1.40
1.39
1,325
1,699
887
905
1,281
803
631
514
1,398
1,083
872
857
836
$1.73M $1.65M
$1.65M $1.71M
$1.60M $1.53M $1.52M $1.54M $1.50M $1.50M
$1.45M $1.55M $1.56M
22-May
23-Apr
23-May
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1500
1000
44%
43%
40%
40%
37%
31%
30%
500
19%
11%
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+ 1,696 193 11%
S-L RATIO SALES INVENTORY
127 40 31%
58 23 40%
185 79 43%
335 148 44%
717 290 40%
1,453 539 37%
880 262 30%
661 125 19%
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