greatervancouverboard area DETACHED -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 13% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 9% VS 2022
▲ 11% VS 2022
▲ 12% VS 2022
▲ 0.2% VS 2022
Therew ere 4,426 detached listingsin the G reater Vancouverboard areain O ctober,2.0% below Septem ber and 12% higherthan October2022. O ctoberdetached hom esalesincreased by 4% m onth-over-m onth,to 579,and were0.2% above October2022. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at13% ,reflected abalanced market. Thedetachedm edian pricein Octoberwas$1,905,000,a 3% increasefrom Septem berand 11% aboveO ctober 2022. Theaveragesold pricewas$2,242,754,3% abovelast m onth and up 9% toOctober2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
13% 579 4,426
15% 578 3,954
9% 11% -11% 0.2% 12%
12% 559 4,515
3% 3% 6% 4% -2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,170,992 $1,850,000
$2,242,754 $1,905,000
$2,064,027 $1,715,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,426
3,964
4,515
3,954
3,598
4,092
4,029
1.83
3,579
2,968
1.72
1.68
3,228
3,077
2,928
1.54
1.52
2,801
1.47
1,036
733
490 371
578
301
579
842
804
681
594
559
513
$1.81M $1.87M $1.90M $1.86M $1.81M $1.89M $1.85M $1.91M $1.71M
$1.72M
$1.69M $1.70M $1.58M
22-Oct
23-Sep 23-Oct
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1600
1400
1200
1000
800
600
400
21%
20%
18%
17%
16%
16%
11%
200
7%
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+ 1,527 101 7%
S-L RATIO SALES INVENTORY
66 14 21%
47 2 4%
132 21 16%
211 38 18%
342 59 17%
884 179 20%
639 102 16%
578 63 11%
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