vancouvereast DETACHED -JANUARY 2023
SALES TO LISTINGSRATIO 10% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere321 detached listingsin VancouverEastin January,10% below D ecem berand 3% lowerthan January 2022. January detached hom esalesdecreased by m onth-over-m onth,to 33,and were49% below January 2022. Thesales-to-listing ratio fordetached in VancouverEast, at10% ,reflected abuyers'm arket. Thedetachedm edian pricein Januarywas$1,600,000,a 7% decreasefrom D ecem berand 24% below January 2022. Theaveragesold pricewas$1,741,364,1.1% below last m onth and down 19% toJanuary2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 19% VS 2022
▼ 24% VS 2022
▼ 3% VS 2022
▼ 49% VS 2022
THISMONTH No. $1,741,364 $1,600,000 10% 33 321
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$2,149,280 $2,100,000 20% 65 332
-19% -24% -47% -49% -3%
$1,761,049 $1,718,800 11% 39 355
-1.1% -7% -6% -15% -10%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
531
516
565
545
456
454
1.94
485
480
409
41
1.78
1.67
1.58
1.57
355
321
332
1.39
176
94
75
66
16
50
10
39
65
33
59
54
55
$2.10M $2.17M $2.09M $2.07M
$1.94M $1.86M $1.79M
$1.77M $1.66M $1.71M $1.70M $1.72M $1.60M
Jan-22
Dec-22
Jan-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
100
80
60
60%
40
20%
17%
20
5%
3%
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
6 1 17%
10 6 60%
100 20 20%
73 4 5%
65 2 3%
64 0 n/a
Copyright© February6,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofFebruary6,2023.Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
44
Made with FlippingBook - professional solution for displaying marketing and sales documents online