greatervancouverboard area DETACHED -JANUARY 2023
SALES TO LISTINGSRATIO 11% BUYERS'M ARKET
▶ MARKETSUMMARY Therew ere 2,801 detached listingsin the G reater Vancouverboard areain January,4% below D ecem ber and 23% higherthan January2022. January detached hom esalesdecreased by m onth-over-m onth,to 302,and were52% below January 2022. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at11% ,reflected abuyers'm arket. Thedetachedm edian pricein Januarywas$1,590,000,a 7% decreasefrom D ecem berand 19% below January 2022. Theaveragesold pricewas$1,909,101,4% below last m onth and down 17% toJanuary2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 17% VS 2022
▼ 19% VS 2022
▲ 23% VS 2022
▼ 52% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
11% 302 2,801
27% 623 2,280
-17% -19% -61% -52% 23%
13% 374 2,928
-16% -19% -4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,997,416 $1,702,500
-4% -7%
$1,909,101 $1,590,000
$2,297,677 $1,975,000
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,499
4,268
4,148
3,954
4,375
4,187
3,598
1.80
3,279
3,741
1.72
1.68
2,816
1.55
2,801
2,928
1.47
1.38
2,280
1,299
1,008
579
490
958
623
374
796
657
302
530
532
524
$1.98M $2.01M $2.00M $1.99M
$1.90M $1.80M $1.74M
$1.70M $1.68M $1.72M $1.69M $1.70M $1.59M
Jan-22
Dec-22
Jan-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1000
800
600
42%
400
37%
31%
21%
19%
200
14%
11%
4%
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+ 1,038 35 3%
S-L RATIO SALES INVENTORY
42 8 19%
27 10 37%
62 19 31%
113 47 42%
228 47 21%
578 83 14%
358 38 11%
355 15 4%
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