vancouverregion TOWNHOME-OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 24% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere2,151 townhom elistingsin theVancouver Region in O ctober,3% aboveSeptem berand 0.5% lower than October2022. O ctobertownhom esalesdecreased by11% m onth-over-m onth,to 518,and were0.4% above October2022. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at24% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$920,000,a 1.1% increasefrom Septem berand 6% aboveO ctober 2022. Theaveragesold pricewas$1,003,527,1.2% below last m onth;theaveragePSF salepricewas$678,up 2% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2022
▲ 6% VS 2022
▼ 0.5% VS 2022
▲ 0.4% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
24% 518 2,151
24% 516 2,162
0.9% 0.4% -0.5%
28% 580 2,084
2% -1.2% 1.1% -13% -11% 3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$678 $1,003,527 $920,000
$663 $1,015,510 $910,000
$635 $956,288 $870,000
7% 5% 6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,162
2,151
1,998
1,885
2,084
1,789 1,840
1,883
1,571
1,589
1,567
1,529
1,507
944 947
757
548
784
767
671
516
518
580
415
339
289
$870K $860K $840K $810K
$860K $865K $899K $922K $915K $920K $900K $910K $920K
VancouverRegion REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
700
80
600
4+ bdrms
490
500
283
400
3 bdrms
1,142
300
34%
142
26%
200
24%
23% 21%
2 bdrms
19%
473
14%
100
7%
0
13
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
46
S-L RATIO SALES INVENTORY
36 5 14%
84 20 24%
372 127 34%
654 170 26%
417 95 23%
250 52 21%
215 41 19%
123 8 7%
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