vancouverregion DETACHED -JANUARY 2023
SALES TO LISTINGSRATIO 11% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere4,553 detached listingsin theVancouver Region in January,5% below D ecem berand 36% higher than January2022. January detached hom esalesdecreased by m onth-over-m onth,to 515,and were55% below January 2022. Thesales-to-listing ratio fordetached in the Vancouver Region,at11% ,reflected abuyers'm arket. Thedetachedm edian pricein Januarywas$1,450,000,a 3% decreasefrom D ecem berand 21% below January 2022. Theaveragesold pricewas$1,674,444,4% below last m onth and down 21% toJanuary2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 21% VS 2022
▼ 21% VS 2022
▲ 36% VS 2022
▼ 55% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
11% 515 4,553
1,143 3,341
-21% -21% -67% -55% 36%
13% 634 4,786
-15% -19% -5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,121,314 $1,845,000 34%
$1,748,955 $1,500,000
-4% -3%
$1,674,444 $1,450,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
7,630
7,232
6,847
7,416
6,495
6,997
5,942
1.86
5,512
6,329
1.79
1.79
4,609
4,553
1.50
4,786
1.38
1.33
3,341
2,312
1,084
906
1,747
888
803
1,143
1,562
634
1,281
515
873
857
$1.85M $1.89M $1.83M $1.80M
$1.73M $1.65M
$1.60M $1.53M $1.52M $1.54M $1.50M $1.50M $1.45M
Jan-22
Dec-22
Jan-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1400
1200
1000
800
600
33%
31%
29%
400
23%
18%
13%
200
9%
3%
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+ 1,311 42 3%
S-L RATIO SALES INVENTORY
117 27 23%
57 19 33%
157 45 29%
293 91 31%
526 93 18%
984 129 13%
574 52 9%
534 17 3%
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