greatervancouverboard area DETACHED -MARCH 2023
SALES TO LISTINGSRATIO 24% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 4% VS 2022
▼ 9% VS 2022
▼ 6% VS 2022
▼ 43% VS 2022
Therew ere 3,077 detached listingsin the G reater Vancouverboard areain M arch,4% aboveFebruaryand 6% lowerthan M arch 2022. M arch detached hom esalesincreased by 43% m onth-over-m onth,to 735,and were43% below M arch 2022. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at24% ,reflected aselers'm arket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
24% 735 3,077
1,299 3,279
-40% -43% -6%
17% 515 2,968
38% 43% 4%
Thedetachedm edian pricein M arch was$1,815,000,a 6% increasefrom Februaryand 9% below M arch 2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,277,538 $2,000,000 40%
Theaveragesold pricewas$2,180,678,6% abovelast m onth and down 4% toM arch 2022.
$2,051,909 $1,710,000
6% 6%
$2,180,678 $1,815,000
-4% -9%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,268
4,499
4,148
3,954
4,375
4,187
3,598
1.82
3,741
1.74
3,279
2,968
3,077
1.65
1.59
1.56
2,928
2,801
1.43
1,299
578
490
735
956
374
301
796
657
530 524
532
515
$2.00M $1.99M $1.90M
$1.80M $1.74M
$1.70M $1.68M $1.72M $1.69M $1.70M $1.58M
$1.71M $1.82M
22-Mar
23-Feb
23-Mar
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1200
1000
800
62%
600
41%
37%
400
32%
28%
27%
18%
16%
200
11%
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+ 1,140 122 11%
S-L RATIO SALES INVENTORY
49 9 18%
37 12 32%
78 22 28%
109 68 62%
248 102 41%
607 225 37%
418 114 27%
391 61 16%
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