westvancouver DETACHED -MARCH 2023
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY Therewere305 detached listingsin W estVancouverin M arch,0.7% aboveFebruaryand 9% lowerthan M arch 2022. M arch detached hom esalesincreased by 54% m onth-over-m onth,to 40,and were37% below M arch 2022. Thesales-to-listing ratio fordetached in W estVancouver, at13% ,reflected abalanced m arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2022
▼ 4% VS 2022
▼ 9% VS 2022
▼ 37% VS 2022
THISMONTH No. $3,696,145 $2,890,400 13% 40 305
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No. 9% 26 303
% Change
TOTALLISTINGS TOTALSALES
$3,520,490 $3,000,000 19% 63 337
-30% -37% -9%
3% 0.8% 53% 54% 0.7%
Thedetachedm edian pricein M arch was$2,890,400,a 0.8% increasefrom Februaryand 4% below M arch 2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$3,696,145,3% abovelast m onth and up 5% toM arch 2022.
$3,577,534 $2,867,000
5% -4%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
425
417
393
445
387
436
427
419
2.82
337
303
305
298
276
2.16
2.10
45
63
32
29
28
27
26
26
26 40
17
17
1.41
1.35
53
1.30
$3.18M $3.35M
$3.09M
$3.06M
$3.00M
$2.88M $2.79M $2.70M
$2.70M $2.75M $2.87M $2.89M
$2.60M
22-Mar
23-Feb
23-Mar
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
250
200
150
60%
45%
100
21%
50
8%
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
1 0 n/a
5 3 60%
20 9 45%
39 8 21%
240 20 8%
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