westvancouver DETACHED -MAY 2023
SALES TO LISTINGSRATIO 11% BUYERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 17% VS 2022
▼ 14% VS 2022
▼ 11% VS 2022
▼ 9% VS 2022
Therewere379 detached listingsin W estVancouverin M ay,14% aboveApriland 11% lowerthan M ay2022.
M ay detached hom esalesdecreased by 13% m onth-over-m onth,to41,and were9% below M ay2022.
THISMONTH No. $3,395,634 $2,870,000 11% 41 379
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio fordetached in W estVancouver, at11% ,reflected abuyers'm arket.
TOTALLISTINGS TOTALSALES
$4,088,072 $3,345,000 11% 45 425
-17% -14% 2% -9% -11%
$3,691,953 $3,500,000 14% 47 332
-8% -18% -24% -13% 14%
Thedetachedm edian pricein M aywas$2,870,000,a 18% decreasefrom Apriland 14% below M ay2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$3,395,634,8% below last m onthand down 17% toM ay2022.
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
417
425
445
387
436
427
419
379
2.67
303
332
2.33
305
298
276
1.541.56
47
40
32 29
28
27
26
26
1.35
45
17 25
17
41
1.03
$3.50M
$3.35M
$3.06M
$3.09M
$2.88M $2.79M $2.70M
$2.87M
$2.70M $2.75M $2.87M $2.89M
$2.60M
22-May
23-Apr
23-May
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
300
100%
100%+
250
200
150
45%
100
50
12%
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+
S-L RATIO SALES INVENTORY
1 1 100%
4 5 125%
22 10 45%
58 7 12%
294 18 6%
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