vancouverwest DETACHED -FEBRUARY 2023
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY Therewere498 detached listingsin VancouverW estin February,7% aboveJanuaryand 8% lowerthan February 2022. February detached hom esalesincreased by 164% m onth-over-m onth,to66,and were35% below February 2022. Thesales-to-listing ratio fordetached in VancouverW est, at13% ,reflected abalanced m arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 9% VS 2022
▼ 8% VS 2022
▼ 8% VS 2022
▼ 35% VS 2022
THISMONTH No. $3,521,298 $3,356,500 13% 66 498
PREVIOUSYEAR
PREVIOUSMONTH
No. 19% 102 544
% Change
No. 5% 25 466
% Change
TOTALLISTINGS TOTALSALES
-29% -35% -8%
-20% -2% 147% 164% 7%
Thedetachedm edian pricein Februarywas$3,356,500, a2% decreasefrom Januaryand 8% below February2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$3,521,298,20% below last m onth and down 9% toFebruary2022.
$4,393,044 $3,430,000
$3,887,293 $3,655,000
-9% -8%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
675
648
709
701
665
657
566
2.40
602
589
544
498
2.14
2.13
490
466
1.93
1.86
1.74
123
83
73
69
102
57
52
52
47
40
25
66
93
$3.66M $3.52M $3.77M
$3.49M $3.44M $3.46M
$3.47M
$3.43M $3.36M
$3.10M $3.19M $3.21M
$3.05M
Feb-22
Jan-23
Feb-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
400
300
47%
200
43%
42%
100
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
0 1 n/a
0 1 n/a
0 1 n/a
7 3 43%
15 7 47%
38 16 42%
438 37 8%
Copyright© March2,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMarch2,2023.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
48
Made with FlippingBook - professional solution for displaying marketing and sales documents online