vancouverregion TOWNHOME-FEBRUARY 2023
SALES TO LISTINGSRATIO 36% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,489 townhom elistingsin theVancouver Region in February,1.6% aboveJanuaryand 21% higher than February2022. Februarytownhom esalesincreased by90% m onth-over-m onth,to 543,and were40% below February2022. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at36% ,reflected aselers'm arket. Thetownhom em edian pricein Februarywas$858,000,a 6% increasefrom Januaryand 16% below February2022. Theaveragesold pricewas$944,964,5% abovelast m onth;theaveragePSF salepricewas$635,up 8% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 15% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 14% VS 2022
▼ 16% VS 2022
▲ 21% VS 2022
▼ 40% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
36% 543 1,489
74% 911 1,227
-15% -14% -16% -51% -40% 21%
20% 286 1,466
87% 90% 1.6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$635 $944,964 $858,000
$585 $899,568 $810,000
8% 5% 6%
$743 $1,095,367 $1,025,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,183
2,447
2,437
2,10
2,375
1,945
2,207
2,005
1,679
1,489
1,250
1,521
1,466
1,227
770
91
895
565
513
801
543
474
459
412
338
286
$1.02M $1.00M
$983K $925K $915K
$894K $850K $850K $870K $860K $838K
$810K $858K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
106
400
4+ bdrms
328
300
297
3 bdrms
803
50% 52%
200
42%
36%
32%
28%
132
25%
2 bdrms
100
322
13%
0
8
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
33 14 42%
80 40 50%
324 170 52%
441 142 32%
243 88 36%
174 48 28%
133 33 25%
61 8 13%
36
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