westvancouver DETACHED -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 6% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere466 detached listingsin W estVancouverin O ctober,5% below Septem berand 12% higherthan October2022. O ctoberdetached hom esalesdecreased by 13% m onth-over-m onth,to 28,and were4% aboveO ctober 2022. Thesales-to-listing ratio fordetached in W estVancouver, at6% ,reflected abuyers'm arket. Thedetachedm edian pricein Octoberwas$3,550,000,a 15% increasefrom Septem berand 15% aboveO ctober 2022. Theaveragesold pricewas$4,094,989,11% abovelast m onth and up 16% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 16% VS 2022
▲ 15% VS 2022
▲ 12% VS 2022
▲ 4% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 6% 27 417
% Change
No. 7% 32 488
% Change
TOTALLISTINGS TOTALSALES
6% 28 466
16% 15% -7% 4% 12%
11% 15% -8% -13% -5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$3,680,985 $3,075,000
$4,094,989 $3,550,000
$3,533,870 $3,092,500
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
488
448
466
423
417 387
379
437
2.20
303
1.93
332
305
1.81
298
276
1.72
1.33
1.21
46
41
39
34
32
27
26
26
23
17
17
27
28
$3.55M
$3.48M $3.26M
$3.42M
$3.09M
$2.89M $3.08M
$2.87M $2.78M
$2.87M
$2.60M $2.70M $2.75M
22-Oct
23-Sep 23-Oct
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
350
300
250
200
150
100
18%
50
9%
8%
4%
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
3 0 n/a
11 1 9%
38 7 18%
62 5 8%
352 15 4%
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