vancouverwest TOWNHOME-OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY Therewere199 townhom elistingsin VancouverW estin O ctober,1.5% aboveSeptem berand 17% higherthan October2022. O ctobertownhom esalesincreased by23% m onth-over-m onth,to37,and were54% aboveO ctober 2022. Thesales-to-listing ratio fortow nhom esin Vancouver W est,at19% ,reflected abalanced m arket. Thetownhom em edian pricein Octoberwas$1,490,000, a4% decreasefrom Septem berand 11% aboveO ctober 2022. Theaveragesold pricewas$1,468,127,4% below last m onth;theaveragePSF salepricewas$1,109,up 5% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▲ 11% VS 2022
▲ 17% VS 2022
▲ 54% VS 2022
THISMONTH No. $1,109 $1,468,127 $1,490,000 19% 37 199
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$1,034 $1,431,525 $1,337,500 14% 24 170
11% 32% 54% 17%
$1,058 $1,528,181 $1,554,000 15% 30 196
21% 23% 1.5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
5% -4% -4%
7% 3%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
199
181
196
169
170
151
174
163
153
131
124
19
18
50 49
33
31 27
37
19
12 12
24
30
29
20
$1.70M $1.63M
$1.64M
$1.61M
$1.55M $1.49M
$1.52M
$1.40M $1.40M
$1.40M
$1.34M $1.42M
$1.27M
VANCOUVERW EST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
2
80
4+ bdrms
21
60
15
3 bdrms
114
50%
43%
40
40%
18
2 bdrms
17%
20
15%
54
7%
0
2
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
10
S-L RATIO SALES INVENTORY
1 0 n/a
5 2 40%
12 2 17%
14 7 50%
21 9 43%
88 13 15%
7%
58 4
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