vancouverregion TOWNHOME-JANUARY 2023
SALES TO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY Therewere1,465 townhom elistingsin theVancouver Region in January,4% below D ecem berand 91% higher than January2022. Januarytownhom esalesdecreased by15% m onth-over-m onth,to 286,and were50% below January 2022. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at20% ,reflected abalanced m arket. Thetownhom em edian pricein Januarywas$810,000,a 3% changefrom D ecem berand 18% below January2022. Theaveragesold pricewas$899,568,3% below last m onth;theaveragePSF salepricewas$585,down 7% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 16% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 13% VS 2022
▼ 18% VS 2022
▲ 91% VS 2022
▼ 50% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 75% 574 766
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
20% 286 1,465
-16% -13% -18% -74% -50% 91%
22% 338 1,520
-12% -15% -4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$585 $899,568 $810,000
$630 $927,450 $837,500
-7% -3% -3%
$696 $1,034,880 $990,057
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,183
2,447
2,437
2,10
2,375
1,945
2,207
2,005
1,679
1,465
1,250
1,227
1,520
770
766
91
895
565
513
801
574
474
459
286
412
338
$990K $1.02M $1.00M $983K
$925K $915K $894K
$850K $850K $870K $860K $838K $810K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
400
50
4+ bdrms
307
300
150
3 bdrms
820
200
43%
28%
83
100
20%
2 bdrms
15%
311
11%
10%
7% 8%
0
3
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
42 4 10%
79 34 43%
343 96 28%
412 84 20%
248 38 15%
152 16 11%
125 9 7%
8%
27
64 5
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