greatervancouverboard area TOWNHOME-MAY 2023
SALES TO LISTINGSRATIO 50% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere991 townhom elistingsin theG reater Vancouverboard areain M ay,9% aboveApriland 16% lowerthan M ay2022. M aytownhom esalesincreased by26% m onth-over-m onth,to500,and were10% aboveM ay 2022. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at50% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$1,050,000,a 0.2% increasefrom Apriland 1.4% aboveM ay2022. Theaveragesold pricewas$1,145,279,1.3% abovelast m onth;theaveragePSF salepricewas$790,up 4% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.0% VS 2022
▲ 1.4% VS 2022
▼ 16% VS 2022
▲ 10% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 44% 396 909
% Change
TOTALLISTINGS TOTALSALES
50% 500 991
38% 453 1,177
-3% 0% 1.4% 31% 10% -16%
4% 1.3% 0.2% 16% 26% 9%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$790 $1,145,279 $1,050,000
$760 $1,130,760 $1,047,750
$815 $1,145,180 $1,035,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,191
1,161
1,177
1,053
1,155
1,17
1,096
991
909
909
844
816 822
500
421
453
368
306
290
271
396
186
245
232
226
120
$1.03M $1.04M
$1.04M $1000K $1.05M $1.05M
$1.02M
$995K $945K $950K
$949K $987K $979K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
200
75
4+ bdrms
190
76%
150
69%
284
58%
3 bdrms
55%
505
48%
100
27%
129
20%
2 bdrms
50
268
0
12
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
28
S-L RATIO SALES INVENTORY
13 0 n/a
26 15 58%
106 73 69%
190 144 76%
210 115 55%
183 87 48%
175 48 27%
88 18 20%
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