vancouverwest DETACHED -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY Therewere591 detached listingsin VancouverW estin O ctober,1.0% below Septem berand 0.3% higherthan October2022. O ctoberdetached hom esalesincreased by 29% m onth-over-m onth,to 71,and were3% below O ctober 2022. Thesales-to-listing ratio fordetached in VancouverW est, at12% ,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$3,360,000,a 0.6% decreasefrom Septem berand 8% aboveO ctober 2022. Theaveragesold pricewas$3,822,531,4% below last m onth and up 3% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▲ 8% VS 2022
▲ 0.3% VS 2022
▼ 3% VS 2022
THISMONTH No. $3,822,531 $3,360,000 12% 71 591
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 9% 55 597
% Change
TOTALLISTINGS TOTALSALES
$3,725,548 $3,103,500 12% 73 589
-3% -3% 0.3%
30% 29% -1%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$3,962,393 $3,380,000
-4% -0.6%
3% 8%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
570
566
558
591
589
597
498
491
554
516
2.32
2.26
490
479
466
2.18
1.69
1.66
1.56
109
96
71
66
55
52 40
73
71
25
94
75
68
$4.07M
$3.51M
$3.48M $3.50M $3.68M
$3.38M $3.36M
$3.19M $3.21M $3.43M $3.36M
$3.15M
$3.10M
22-Oct
23-Sep 23-Oct
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
500
100%
400
300
200
37%
27%
100
9%
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 0 n/a
1 1 100%
19 7 37%
60 16 27%
510 47 9%
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