greatervancouverboard area DETACHED -DECEMBER 202
SALESTO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere2,927 detached listingsin theG reater Vancouverboard areain D ecem ber,19% below N ovem berand 31% higherthan D ecem ber2021. D ecem berdetached hom esalesdecreased by 24% m onth-over-m onth,to375,and were53% below D ecem ber2021. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at13% ,reflected abalanced market. Thedetachedm edian pricein D ecem berwas$1,700,000, a0.6% increasefrom N ovem berand 8% below D ecem ber 2021. Theaveragesold pricewas$1,995,436,0.4% abovelast m onth and down 8% toD ecem ber2021.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 8% VS2021
▼ 8% VS2021
▲ 31% VS2021
▼ 53% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
13% 375 2,927
35% 793 2,235
-64% -53% 31%
0.4% 0.6% -6% -24% -19%
14% 491 3,598
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,986,845 $1,690,000
$1,995,436 $1,700,000
$2,174,445 $1,850,000
-8% -8%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,499
4,268
4,148
3,954
4,375
4,187
3,598
1.90
3,279
3,741
1.78
1.72
2,816
2,927
1.47
1.45
2,235
1.41
2,280
1,299
1,008
579
793
491
959
797
657
375
623
531
532
524
$2.01M $2.00M $1.99M $1.90M
$1.85M $1.98M
$1.80M $1.74M $1.70M $1.68M $1.72M $1.69M $1.70M
Dec-21
Nov-22
Dec-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
1200
1000
800
600
36%
400
33%
25%
23%
19%
18%
15%
200
8%
4%
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+ 1,113 49 4%
S-LRATIO SALES INVENTORY
42 8 19%
28 7 25%
67 22 33%
116 42 36%
240 56 23%
569 105 18%
374 56 15%
378 30 8%
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