greater vancouver board area DETACHED - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 11% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2022
▲ 6% VS 2022
▲ 15% VS 2022
▲ 0.5% VS 2022
There were 3,307 detached listings in the Greater Vancouver board area in December, 18% below November and 15% higher than December 2022. December detached home sales decreased by 27% month-over-month, to 373, and were 0.5% above December 2022. The sales-to-listing ratio for detached in the Greater Vancouver board area, at 11%, reflected a buyers' market. The detached median price in December was $1,800,000, a 3% decrease from November and 6% above December 2022. The average sold price was $2,060,257, 4% below last month and up 4% to December 2022.
THIS MONTH No. $2,060,257 $1,800,000 11% 373 3,307
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,983,783 $1,700,000 13% 371 2,887
-12% 0.5% 15%
$2,140,690 $1,850,000 13% 513 4,037
-11% -27% -18%
-4% -3%
4% 6%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
4,368
4,037
3,910
4,448
4,024
3,971
1.76
1.73
1.70
3,526
2,932
3,307
2,887
3,177
1.56
3,031
1.49
2,769
1.47
1,026
730
574
513
298
833
797
676
371
373
590
554
512
$1.88M $1.90M $1.87M $1.81M $1.90M $1.85M $1.91M $1.85M $1.80M
$1.70M $1.60M
$1.71M $1.82M
22-Dec
23-Nov
23-Dec
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
1400
1200
1000
800
600
400
27%
24%
24%
21%
14%
12%
12%
200
5%
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+ 1,284 55 4%
S-L RATIO SALES INVENTORY
51 6 12%
37 5 14%
85 20 24%
139 37 27%
204 49 24%
575 119 21%
472 57 12%
460 25 5%
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 10, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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