vancouverregion TOWNHOME-MAY 2023
SALES TO LISTINGSRATIO 53% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,790 townhom elistingsin theVancouver Region in M ay,13% aboveApriland 26% lowerthan M ay 2022. M aytownhom esalesincreased by21% m onth-over-m onth,to945,and were16% aboveM ay 2022. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at53% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$923,000,a3% increasefrom Apriland 0.4% below M ay2022. Theaveragesold pricewas$1,007,594,2% abovelast m onth;theaveragePSF salepricewas$671,up 3% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 2% VS 2022
▼ 0.4% VS 2022
▼ 26% VS 2022
▲ 16% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
53% 945 1,790
34% 813 2,425
-5% -2% -0.4% 57% 16% -26%
49% 784 1,588
21% 13%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
3% 2% 3% 7%
$671 $1,007,594 $923,000
$648 $985,920 $899,000
$703 $1,029,230 $927,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,425
2,234
2,498
2,485
2,162
1,998
2,252
1,790
1,570
1,588
1,567
1,528
1,506
945
782
758
813
573
548
516
784
479
467
415
340
289
$927K $920K
$895K $852K $850K $870K $860K $840K
$865K $899K $923K
$810K $860K
VancouverRegion REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
177
500
4+ bdrms
413
400
66%
519
60%
3 bdrms
56%
300
51%
919
44%
200
236
26%
20%
2 bdrms
16%
425
100
0
13
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
33
S-L RATIO SALES INVENTORY
32 5 16%
70 36 51%
343 207 60%
543 360 66%
309 174 56%
219 97 44%
186 48 26%
88 18 20%
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