vancouver region DETACHED - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 12% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2022
▲ 11% VS 2022
▲ 13% VS 2022
▲ 9% VS 2022
There were 7,732 detached listings in the Vancouver Region in September, 9% above August and 13% higher than September 2022. September detached home sales decreased by 11% month-over-month, to 935, and were 9% above September 2022. The sales-to-listing ratio for detached in the Vancouver Region, at 12%, reflected a balanced market. The detached median price in September was $1,680,000, a 0.8% increase from August and 11% above September 2022. The average sold price was $1,929,181, 3% below last month and up 4% to September 2022.
THIS MONTH No. $1,929,181 $1,680,000 12% 935 7,732
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,849,531 $1,520,000 13% 857 6,847
4% 11% -3% 9% 13%
1,045 7,116
-3% 0.8% -18% -11% 9%
$1,988,153 $1,666,666 15%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
7,732
6,975
6,758
6,495
6,847
7,116
6,112
5,942
1.85
1.85
1.79
4,816
5,226
5,016
4,786
4,553
1.42
1.39
1.37
1,694
1,616
1,323
1,045
905
803
629
514
1,394
935
857
1,131
836
$1.65M $1.71M $1.67M $1.65M $1.67M $1.68M
$1.52M $1.54M $1.50M $1.50M $1.45M $1.55M $1.56M
22-Sep
23-Aug
23-Sep
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
2000
1500
1000
500
21%
20%
18%
17%
17%
16%
11%
8%
5%
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+ 2,003 103 5%
S-L RATIO SALES INVENTORY
136 28 21%
89 18 20%
258 45 17%
497 89 18%
949 164 17%
1,897 302 16%
1,024 115 11%
879 71 8%
Copyright © October 10, 2023 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 10, 2023. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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