greatervancouverboard area DETACHED -MAY 2023
SALES TO LISTINGSRATIO 29% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2022
- VS 2022
▼ 16% VS 2022
▲ 31% VS 2022
Therew ere 3,579 detached listingsin the G reater Vancouverboard areain M ay,11% aboveApriland 16% lowerthan M ay2022. M ay detached hom esalesincreased by 29% m onth-over-m onth,to1,039,and were31% aboveM ay 2022. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at29% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
1,039 3,579
19% 796 4,268
56% 31% -16%
25% 807 3,228
-2% 1.3% 16% 29% 11%
Thedetachedm edian pricein M aywas$1,900,000,a 1.3% increasefrom Apriland nochangetoM ay2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,168,446 $1,900,000 29%
Theaveragesold pricewas$2,168,446,2.0% below last m onthand down 3% toM ay2022.
$2,211,689 $1,875,000
$2,243,942 $1,900,000
-3% 0%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,499
4,148
4,268
3,954
4,375
4,187
3,598
1.84
3,579
1.82
1.79
2,968
3,228
3,077
2,928
2,801
1.47
1.45
1.45
1,039
734
578
796
490
373
301
807
657
530 524
532
513
$1.90M
$1.80M $1.74M $1.70M
$1.81M $1.88M $1.90M $1.71M
$1.69M $1.70M $1.58M
$1.68M $1.72M
22-May
23-Apr
23-May
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1400
1200
1000
800
50%
600
46%
45%
43%
38%
36%
30%
400
22%
12%
200
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+ 1,302 161 12%
S-L RATIO SALES INVENTORY
53 16 30%
33 12 36%
88 40 45%
133 61 46%
252 127 50%
752 326 43%
523 199 38%
443 97 22%
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