greatervancouverboard area DETACHED -FEBRUARY 2023
SALES TO LISTINGSRATIO 17% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 10% VS 2022
▼ 15% VS 2022
▲ 5% VS 2022
▼ 49% VS 2022
Therew ere 2,968 detached listingsin the G reater Vancouverboard areain February,6% aboveJanuaryand 5% higherthan February2022. February detached hom esalesincreased by 71% m onth-over-m onth,to 516,and were49% below February2022. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at17% ,reflected abalanced market. Thedetachedm edian pricein Februarywas$1,710,000, a8% increasefrom Januaryand 15% below February 2022. Theaveragesold pricewas$2,055,319,8% abovelast m onth and down 10% toFebruary2022.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
17% 516 2,968
1,008 2,816
-10% -15% -51% -49% 5%
11% 301 2,801
62% 71% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,292,180 $2,011,000 36%
$1,909,895 $1,580,000
8% 8%
$2,055,319 $1,710,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,499
4,268
4,148
3,954
4,375
4,187
3,598
1.81
3,279
3,741
1.67
1.65
2,968
1.56
1.54
2,816
2,928
2,801
1.38
1,299
1,008
579
490
958
374
301
796
516
657
530 524
532
$2.01M $2.00M $1.99M
$1.90M $1.80M
$1.74M $1.70M $1.68M $1.72M $1.69M $1.70M
$1.58M $1.71M
Feb-22
Jan-23
Feb-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1200
1000
800
64%
600
40%
400
32%
26%
15%
15%
200
13%
9%
7%
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+ 1,108 74 7%
S-L RATIO SALES INVENTORY
44 4 9%
34 5 15%
67 27 40%
108 69 64%
234 75 32%
599 153 26%
396 58 15%
378 51 13%
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