vancouverwest DETACHED -JANUARY 2023
SALES TO LISTINGSRATIO 5% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere466 detached listingsin VancouverW estin January,5% below D ecem berand 8% lowerthan January 2022. January detached hom esalesdecreased by m onth-over-m onth,to 25,and were62% below January 2022. Thesales-to-listing ratio fordetached in VancouverW est, at5% ,reflected abuyers'm arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 9% VS 2022
▲ 7% VS 2022
▼ 8% VS 2022
▼ 62% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No. 8% 40 490
% Change
TOTALLISTINGS TOTALSALES
5% 25 466
$4,024,286 $3,205,000 13% 65 507
-58% -62% -8%
29% 7% -34% -38% -5%
Thedetachedm edian pricein Januarywas$3,430,000,a 7% increasefrom D ecem berand 7% aboveJanuary2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
Theaveragesold pricewas$4,393,044,28% abovelast m onth and up 9% toJanuary2022.
$3,416,175 $3,205,000
$4,393,044 $3,430,000
9% 7%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
675
648
709
701
665
657
566
2.43
602
589
507
544
2.14
466
2.12
490
1.93
1.70
1.56
123
102
83
73
69
57
52
52
47
40
65
93
25
$3.66M $3.52M $3.77M
$3.49M $3.44M $3.46M
$3.47M
$3.21M
$3.19M $3.21M $3.43M
$3.10M
$3.05M
Jan-22
Dec-22
Jan-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
400
300
200
100
18%
8%
5%
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
1 0 n/a
1 0 n/a
5 0 n/a
11 2 18%
38 3 8%
410 20 5%
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