westvancouver DETACHED -JULY 2023
SALES TO LISTINGSRATIO 6% BUYERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▲ 13% VS 2022
▲ 5% VS 2022
▼ 10% VS 2022
Therewere448 detached listingsin W estVancouverin July,6% aboveJuneand 5% higherthan July2022. July detached hom esalesdecreased by 4% m onth-over-m onth,to26,and were10% below July 2022. Thesales-to-listing ratio fordetached in W estVancouver, at6% ,reflected abuyers'm arket.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 7% 29 427
% Change
No. 6% 27 423
% Change
TOTALLISTINGS TOTALSALES
6% 26 448
4% 13% -15% -10% 5%
-10% -6% -9% -4% 6%
Thedetachedm edian pricein Julywas$3,260,000,a6% decreasefrom Juneand 13% aboveJuly2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$3,818,804,10% below last m onth and up 4% toJuly2022.
$4,252,970 $3,480,000
$3,818,804 $3,260,000
$3,654,821 $2,880,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
423 448
417
427
387
436
379
419
2.84
303
332
305
298
2.43
276
2.14
1.65
47
41
39
28
27
27
26
26
17 23 17
29
26
0.98
$3.50M
$3.48M $3.26M
0.87
$3.09M
$2.88M $2.79M $2.70M
$2.87M $2.78M
$2.87M
$2.60M $2.70M $2.75M
22-Jul
23-Jun 23-Jul
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
350
100%+
300
250
200
150
100
50
10%
9%
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+
S-L RATIO SALES INVENTORY
1 2 200%
10 0 n/a
32 3 9%
72 7 10%
333 14 4%
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