vancouverregion TOWNHOME-MARCH 2023
SALES TO LISTINGSRATIO 49% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,563 townhom elistingsin theVancouver Region in M arch,2% aboveFebruaryand 9% lowerthan M arch 2022. M arch townhom esalesincreased by39% m onth-over-m onth,to 760,and were40% below M arch 2022. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at49% ,reflected aselers'm arket. Thetownhom em edian pricein M arch was$865,000,a 0.6% increasefrom Februaryand 14% below M arch 2022. Theaveragesold pricewas$948,529,0.2% below last m onth;theaveragePSF salepricewas$625,down 2% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 13% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 13% VS 2022
▼ 14% VS 2022
▼ 9% VS 2022
▼ 40% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
49% 760 1,563
1,264 1,714
-13% -13% -14% -34% -40% -9%
36% 548 1,527
35% 39% 2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$719 $1,085,394 $1,000,000 74%
$625 $948,529 $865,000
$638 $950,531 $860,000
-2% -0.2% 0.6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,234
2,498
2,485
2,162
2,425
1,998
2,252
2,047
1,264 1,714
1,563
1,567
1,527
1,506
782
760
902
573
548
516
813
479
468
415
340
289
$1.00M $985K
$927K $920K
$895K $852K $853K $870K $860K $840K
$810K $860K $865K
VancouverRegion REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
500
160
4+ bdrms
400
333
75%
300
63%
414
3 bdrms
52% 52%
836
200
30%
175
25% 24%
2 bdrms
16%
357
100
0
11
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
37
S-L RATIO SALES INVENTORY
27 8 30%
71 45 63%
302 225 75%
474 248 52%
256 134 52%
197 50 25%
161 38 24%
75 12 16%
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