greater vancouver board area DETACHED - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 7% VS 2022
▲ 9% VS 2022
▲ 14% VS 2022
▲ 6% VS 2022
There were 4,088 detached listings in the Greater Vancouver board area in November, 8% below October and 14% higher than November 2022. November detached home sales decreased by 10% month-over-month, to 520, and were 6% above November 2022. The sales-to-listing ratio for detached in the Greater Vancouver board area, at 13%, reflected a balanced market. The detached median price in November was $1,847,000, a 3% decrease from October and 9% above November 2022. The average sold price was $2,125,267, 5% below last month and up 7% to November 2022.
THIS MONTH No. $2,125,267 $1,847,000 13% 520 4,088
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,986,936 $1,690,000 14% 490 3,598
7% 9% -7% 6% 14%
$2,242,720 $1,905,000 13% 579 4,426
-5% -3% -3% -10% -8%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
4,426
3,964
4,515
4,088
3,598
4,092
4,029
1.83
1.78
3,579
1.76
2,968
3,228
3,077
2,928
2,801
1.49
1.47
1.41
1,036
733
579
371
301
842
804
520
490
681
594
559
513
$1.87M $1.90M $1.86M $1.81M $1.89M $1.85M $1.91M $1.85M
$1.71M $1.81M
$1.69M $1.70M $1.58M
22-Nov
23-Oct
23-Nov
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
1600
1400
1200
1000
800
600
26%
400
23%
22%
20%
19%
15%
14%
200
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+ 1,459 79 5%
S-L RATIO SALES INVENTORY
62 14 23%
42 6 14%
116 23 20%
190 50 26%
309 67 22%
776 148 19%
601 91 15%
533 42 8%
Copyright © 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 December 11, 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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