vancouverregion DETACHED -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY Therewere7,646 detached listingsin theVancouver Region in O ctober,1.1% below Septem berand 18% higherthan October2022. O ctoberdetached hom esalesincreased by 1.8% m onth-over-m onth,to952,and were5% aboveO ctober 2022. Thesales-to-listing ratio fordetached in the Vancouver Region,at12% ,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$1,699,500,a 1.2% increasefrom Septem berand 11% aboveO ctober 2022. Theaveragesold pricewas$1,960,592,1.5% abovelast m onth and up 7% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 7% VS 2022
▲ 11% VS 2022
▲ 18% VS 2022
▲ 5% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
12% 952 7,646
14% 905 6,495
7% 11% -11% 5% 18%
12% 935 7,732
1.5% 1.2% 3% 1.8% -1.1%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,930,782 $1,680,000
$1,960,592 $1,699,500
$1,839,377 $1,538,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
7,646
6,975
7,732
6,758
7,16
6,12
6,495
5,942
1.85
1.85
1.77
4,816
5,226
5,016
4,786
4,553
1.43
1.42
1.40
1,694
1,614
1,323
1,042
803
629
514
952
905
1,394
1,129
935
836
$1.65M $1.71M $1.67M $1.65M $1.66M $1.68M $1.70M
$1.54M $1.50M $1.50M $1.45M $1.55M $1.56M
22-Oct
23-Sep 23-Oct
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
2000
1500
1000
28%
23%
500
17%
17%
16%
14%
12%
10%
6%
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+ 1,956 117 6%
S-L RATIO SALES INVENTORY
126 35 28%
94 16 17%
271 45 17%
490 112 23%
947 156 16%
1,869 263 14%
1,041 126 12%
852 82 10%
Copyright© 2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber3,2023.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online