vancouverwest DETACHED -MARCH 2023
SALES TO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY Therewere491 detached listingsin VancouverW estin M arch,1.4% below Februaryand 18% lowerthan M arch 2022. M arch detached hom esalesincreased by 45% m onth-over-m onth,to 96,and were22% below M arch 2022. Thesales-to-listing ratio fordetached in VancouverW est, at20% ,reflected abalanced m arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.5% VS 2022
▼ 1.0% VS 2022
▼ 18% VS 2022
▼ 22% VS 2022
THISMONTH No. $4,033,879 $3,480,000 20% 96 491
PREVIOUSYEAR
PREVIOUSMONTH
No. 20% 123 602
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
-1.5% -1% -4% -22% -18%
$3,521,298 $3,356,500 13% 66 498
48% 45% -1.4%
Thedetachedm edian pricein M arch was$3,480,000,a 4% increasefrom Februaryand 1.0% below M arch 2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$4,033,879,15% abovelast m onth and down 1.5% toM arch 2022.
15% 4%
$4,095,870 $3,515,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
675
657
648
709
701
665
566
602
2.49
589
498
2.40
491
2.25
490
466
1.78
1.74
1.62
83
123
73
69
66
57
52
52
96
47
40
25
91
$3.77M
$3.52M
$3.49M $3.44M $3.46M
$3.47M
$3.43M $3.36M $3.48M
$3.10M $3.19M $3.21M
$3.05M
22-Mar
23-Feb
23-Mar
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
400
86%
300
59%
47%
200
100
15%
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
7 6 86%
17 10 59%
34 16 47%
433 64 15%
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