westvancouver DETACHED -JANUARY 2023
SALES TO LISTINGSRATIO 6% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere276 detached listingsin W estVancouverin January,7% below D ecem berand nochangetoJanuary 2022. January detached hom esalesdecreased by m onth-over-m onth,to 17,and were47% below January 2022. Thesales-to-listing ratio fordetached in W estVancouver, at6% ,reflected abuyers'm arket. Thedetachedm edian pricein Januarywas$2,750,000,a 1.9% increasefrom D ecem berand 10% below January 2022. Theaveragesold pricewas$3,783,706,28% abovelast m onth and up 10% toJanuary2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 10% VS 2022
▼ 10% VS 2022
0.0% VS 2022
▼ 47% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No. 9% 26 298
% Change
TOTALLISTINGS TOTALSALES
6% 17 276
$3,432,000 $3,040,000 12% 32 276
10% -10% -47% -47% 0%
28% 1.9% -29% -35% -7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$2,961,211 $2,697,500
$3,783,706 $2,750,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
425
417
445
393
387
436
427
419
3.46
327
337
276
276
298
2.32
63
58
45
1.59
32
29
28
28
26
26
17
32
53
17
0.91
$3.18M $3.35M
$3.10M
$3.06M
$3.04M $2.96M $3.00M
$2.88M $2.79M $2.70M
$2.60M $2.70M $2.75M
Jan-22
Dec-22
Jan-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
200
150
100
29%
50
10%
9%
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+
S-L RATIO SALES INVENTORY
11 1 9%
17 5 29%
31 3 10%
217 8 4%
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.
●
51
Made with FlippingBook - professional solution for displaying marketing and sales documents online