westvancouver DETACHED -FEBRUARY 2023
SALES TO LISTINGSRATIO 9% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere303 detached listingsin W estVancouverin February,10% aboveJanuaryand 7% lowerthan February 2022. February detached hom esalesincreased by 59% m onth-over-m onth,to27,and were53% below February 2022. Thesales-to-listing ratio fordetached in W estVancouver, at9% ,reflected abuyers'm arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▼ 2% VS 2022
▼ 7% VS 2022
▼ 53% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No. 6% 17 276
% Change
TOTALLISTINGS TOTALSALES
9% 27 303
$3,479,900 $2,957,500 18% 58 327
-50% -53% -7%
-5% 5% 45% 59% 10%
Thedetachedm edian pricein Februarywas$2,884,000, a5% increasefrom Januaryand 2% below February2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$3,585,774,5% below last m onth and up 3% toFebruary2022.
$3,783,706 $2,750,000
$3,585,774 $2,884,000
3% -2%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
425
417
445
393
387
436
427
419
2.10
327
1.93
337
303
298
276
1.51
1.30
63
45
58
32
29
28
28
26
26
17
17
53
27
$3.18M $3.35M
$3.10M
$3.06M
$2.96M $3.00M
$2.88M $2.79M $2.70M
$2.60M $2.70M $2.75M $2.88M
Feb-22
Jan-23
Feb-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
250
200
150
50%
100
26%
50
9%
6%
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
8 4 50%
23 6 26%
43 4 9%
229 13 6%
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.
●
51
Made with FlippingBook - professional solution for displaying marketing and sales documents online