greatervancouverboard area DETACHED -JULY 2023
SALES TO LISTINGSRATIO 17% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 4,029 detached listingsin the G reater Vancouverboard areain July,1.6% aboveJuneand 8% lowerthan July2022. July detached hom esalesdecreased by 19% m onth-over-m onth,to 682,and were29% aboveJuly 2022. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at17% ,reflected abalanced market. Thedetachedm edian pricein Julywas$1,810,000,a3% decreasefrom Juneand 4% aboveJuly2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2022
▲ 4% VS 2022
▼ 8% VS 2022
▲ 29% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
17% 682 4,029
12% 530 4,375
40% 29% -8%
21% 847 3,964
1.2% -3% -21% -19% 1.6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$2,170,847,1.2% abovelast m onth and up 6% toJuly2022.
$2,145,790 $1,860,000
$2,170,847 $1,810,000
$2,041,315 $1,743,750
6% 4%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,148
4,375
3,954
3,964
4,029
4,187
3,598
1.76
1.71
3,579
2,968
1.66
3,228
3,077
1.52
1.51
2,928
2,801
1.46
1,038
733
578
490
682
371
301
847
806
530
524
532
513
$1.88M $1.90M $1.86M $1.81M
$1.74M $1.70M $1.68M $1.72M
$1.71M $1.81M
$1.69M $1.70M $1.58M
22-Jul
23-Jun 23-Jul
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1600
1400
1200
1000
800
600
40%
31%
28%
26%
400
22%
19%
14%
12%
200
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+ 1,475 98 7%
S-L RATIO SALES INVENTORY
51 16 31%
43 6 14%
102 19 19%
149 59 40%
315 89 28%
813 208 26%
555 122 22%
526 65 12%
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