Stilhavn All Areas
Stilhavn Report Courtesy of Maria Senajova
MARCH 2023
THE STILHAVN REPORT
A BRIEF UPDATE ON THE LATEST SALES, LISTINGS, AND MEDIAN SALE PRICE ACTIVITY
METRO VANCOUVER
VANCOUVER | NORTH SHORE | SQUAMISH | WHISTLER | OKANAGAN
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TABLE OF CONTENTS
2
23
59
INTRO
TSAWWASSEN
WEST VANCOUVER
3
29
65
THE MARKET
VANCOUVER - WEST
SUNSHINE COAST
4
35
71
HIGHLIGHTS
VANCOUVER - EAST
SQUAMISH
5
41
77
METRO VANCOUVER
BURNABY NORTH
WHISTLER
11
47
84
RICHMOND
BURNABY SOUTH
CONTACT US
17
53
LADNER
NORTH VANCOUVER
INTRO
Unlike most brokerages, Stilhavn’s agents are selected based on a strict performance and ethics criterion. We’re not striving to be the biggest, just the best.
We continue our relentless pursuit of excellence because it’s our intrinsic belief that our clients deserve better than the status quo. When you become a client with Stilhavn you become a client for life, and it’s our privilege to serve not only our local Lower Mainland markets, but further corners within the beautiful Okanagan.
We keep our finger on the pulse, we collaborate extensively across our teams and we are committed to providing an elevated experience when it comes to your next buying or selling journey.
Together, we’re here to help you #FindYourHavn.
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THE MARKET
Buying a home can take time. Time to consider the location, time to consider which home type, but most of all, time exploring the options available and finding the one that stands out the most for you. For current buyers, there’s even more inventory to consider, a property pool that is continuing to inch upwards across Metro Vancouver*. Although residential options have risen, February’s home sales were down 33% on the 10-year February sales average. Andrew Lis, Director of Economics and Data Analytics at the Real Estate Board of Greater Vancouver (REBGV) commented on recent activity by saying, “It’s hard to sell what you don’t have, and with new listing activity remaining among the lowest in recent history, sales are struggling to hit typical levels for this point in the year. On the plus side for prospective buyers, the below-average sales activity is allowing inventory to accumulate, which is keeping market conditions from straying too deeply into sellers’ market territory, particularly in the more affordably priced segments.”
*Metro Vancouver’ statistics covered in this report are courtesy of the Real Estate Board of Greater Vancouver (REBGV). The areas covered include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.
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FEBRUARY MARKET HIGHLIGHTS
RESIDENTIAL HOME SALES & INVENTORY
The Real Estate Board of Greater Vancouver (REBGV) reported 1,808 residential home sales across the region last month – 47.2% less than the 3,424 sales recorded in February 2022, but a 76.9% increase from earlier this year in January, which saw 1,022 homes find new owners.
Looking at newly listed properties for sale, 3,467 detached, attached and apartment properties were listed last month on the Multiple Listing Service® (MLS®) in Metro Vancouver. This took a 36.6% drop compared the 5,471 homes that were listed one year ago in February 2022, but 5.2% more than January just been, which saw 3,297 homes become listed.
When it comes to the total number of homes currently listed for sale on the MLS® system across the region, 7,868 were recorded last month – 16.7% more than we saw back in February 2022 (6,742). This was also 5.2% more than the 7,478 listings recorded this past January.
Andrew Lis, Director of Economics and Data Analytics at the REBGV shared that, “While we continue to expect home price trends to show year-over-year declines for a few more months, current data and marketd activity suggest pricing is firming up. In fact, some leading indicators suggest we may see modest price increases this spring, particularly if sales activity increases and mortgage rates hold steady.” Adding, “In the somewhat unusual market environment we find ourselves in right now with higher mortgage rates, fewer sales, and inventory that is inching higher but remains far from abundant, working with a Realtor® who understands your local market conditions and has experience navigating challenging markets is paramount.”
SALES-TO-ACTIVE LISTINGS RATIO & COMPOSITE BENCHMARK PRICE
For all property types, the sales-to-active listings ratio for February was 23%. By property type, that ratio came out as:
Detached homes: 16.8% Townhomes: 30.1% Apartments: 25.8%
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12% for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,123,400. This represents a 9.3% decrease over February 2022 and a 1.1% increase compared to January this year.
METRO VANCOUVER HOME SALES BY PROPERTY TYPE
Detached Homes Sales of detached homes last month reached 514, a 49.1% decrease from the 1,010 detached sales recorded in February last year. The benchmark price for detached properties is $1,813,100. This represents a 12% drop from February 2022 but a 0.7% increase compared to earlier this January. Apartment Homes: Sales of apartment homes reached 928 in February, a 49.9% decrease compared to the 1,854 sales in February one year ago. The benchmark price of an apartment property is $732,200. This represents a 3% decrease from February last year and a 1.6% increase compared to this past January. Attached Homes: Attached home sales last month totalled 366, a 34.6% decrease compared to the 560 sales one year ago in February 2022. The benchmark price of an attached unit is $1,038,500. This represents a 6.3% dip from February 2022 but a 1.8% spike compared to January just been.
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STILHAVN REAL ESTATE SERVICES
METRO VANCOUVER
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REALTOR® Report A Research Tool Provided by the Real Estate Board of Greater Vancouver Metro Vancouver
METRO VANCOUVER
February 2023 Detached Properties
February
January
One-Year Change
One-Year Change
Activity Snapshot
2023
2022
2023
2022
Total Active Listings
3,175
3,137
3,196
- 0.7%
2,652
+18.3%
Sales
519
301
1,011
- 48.7%
626
- 51.9%
Days on Market Average
39
51
24
+62.5%
44
+15.9%
MLS® HPI Benchmark Price
$1,813,100
$1,801,300
$2,060,700
- 12.0%
$1,981,400
- 9.1%
Condos
February
January
One-Year Change
One-Year Change
Activity Snapshot
2023
2022
2023
2022
Total Active Listings
3,462
3,427
3,120
+11.0%
2,855
+20.0%
Sales
932
575
1,860
- 49.9%
1,312
- 56.2%
Days on Market Average
35
42
19
+84.2%
30
+40.0%
MLS® HPI Benchmark Price
$732,200
$720,700
$754,700
- 3.0%
$728,500
- 1.1%
Townhomes
February
January
One-Year Change
One-Year Change
Activity Snapshot
2023
2022
2023
2022
Total Active Listings
827
879
695
+19.0%
549
+60.1%
Sales
304
120
475
- 36.0%
285
- 57.9%
Days on Market Average
29
43
14
+107.1%
21
+104.8%
MLS® HPI Benchmark Price
$1,038,500
$1,020,400
$1,108,400
- 6.3%
$1,051,600
- 3.0%
Sales-to-Active Ratio
Townhome
Condo [26.9%]
Detached
[36.8%]
[16.3%]
100%
80%
60%
Seller's Market
40%
20%
Balanced Market Buyer's Market
0%
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
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METRO VANCOUVER
REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver Metro Vancouver
Detached Properties Report – February 2023
Active Listings
Avg Days on Market
Active Listings
Benchmark Price $1,325,200 $1,729,700 $1,841,100 $1,997,200 $1,694,000 $1,251,400 $1,169,000 $1,418,100 $2,058,500 $1,122,200 $1,282,000 $1,969,900 $2,005,700 $1,478,200 $1,334,800 $1,677,300 $3,103,100 $3,051,800 $2,269,200 $1,813,100 $868,100
One-Year Change
Price Range
Sales
Neighbourhood
Sales
$99,999 and Below $100,000 to $199,999 $200,000 to $399,999 $400,000 to $899,999 $900,000 to $1,499,999 $1,500,000 to $1,999,999 $2,000,000 to $2,999,999 $3,000,000 and $3,999,999 $4,000,000 to $4,999,999
1 1 2
1 8
39 69 13 22 34 35 42 47 65 73 39
Bowen Island Burnaby East Burnaby North Burnaby South
3 7
23 26 92 84
- 14.6% - 13.3% - 9.0% - 10.8% - 9.8% - 18.6% - 20.3% - 13.0% - 13.8% - 26.2% - 16.2% - 4.4% - 7.1% - 14.0% - 11.2% - 21.2% - 11.5% - 10.7% - 8.4% - 15.8% - 12.0%
20 88
26 16 34 10 68 11 48 11 11 60 12 24 12 57 66 27 8
15
162 154 110
413 662 826 426 267 464
Coquitlam
171
Ladner
56
Maple Ridge
294
42 15 17
New Westminster North Vancouver Pitt Meadows Port Coquitlam
66
147
$5,000,000 and Above
28 63 42
TOTAL
519
3,175
Port Moody Richmond Squamish
390
89
Sunshine Coast
198
Tsawwassen
92
Vancouver East Vancouver West West Vancouver
345 528 319
Whistler TOTAL*
6
49
519
3,175
* This represents the total of the Metro Vancouver area, not the sum of the areas above. Detached Homes - Metro Vancouver
Sales
Active Listings
MLS® HPI Benchmark Price
$2,101,600
$2,096,200
$2,093,600
$2,058,600
$2,000,600
$1,954,100
$1,906,400
$1,892,100
$1,856,800
$1,823,300
$1,813,100
$1,801,300
4,906
4,725
4,710
4,464
4,176
4,946
3,137
4,721
3,040
3,175
4,137
3,639
1,304
961
663
583
797
519
525
531
533
491
301
375
#VALUE! #VALUE! 03-2022
04-2022
05-2022
06-2022
07-2022
08-2022
09-2022
10-2022
11-2022
12-2022
01-2023
02-2023
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
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REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver Metro Vancouver
Condo Report – February 2023
Active Listings
Avg Days on Market
Active Listings
Benchmark Price
One-Year Change
Price Range
Sales
Neighbourhood
Sales
$99,999 and Below $100,000 to $199,999 $200,000 to $399,999 $400,000 to $899,999 $900,000 to $1,499,999 $1,500,000 to $1,999,999 $2,000,000 to $2,999,999 $3,000,000 and $3,999,999 $4,000,000 to $4,999,999
2 0
4 5
287
Bowen Island Burnaby East Burnaby North Burnaby South
0 6
0
$0
--
0
25
$767,500 $702,200 $766,800 $663,100 $710,300 $507,500 $633,700 $763,700 $572,400 $611,500 $705,400 $735,800 $579,700 $539,600 $730,900 $683,600 $824,400 $1,228,900 $656,300 $732,200
- 4.3% - 3.0% - 2.4% - 5.3% + 7.4% - 7.4% - 1.7% - 5.8% - 8.8% - 1.4% - 3.1% + 1.9% - 4.1% - 7.5% + 5.6% - 4.3% - 4.2% + 1.4% - 4.3% - 3.0%
25
98
32 32 44 30 53 46
92 84 84 23 52 76 4
237 217 200
715 157
1,833
923 273 183
Coquitlam
14 14
Ladner
10 95
Maple Ridge
4 0 1
69 31 43
New Westminster North Vancouver Pitt Meadows Port Coquitlam
121 203
0
$5,000,000 and Above
100
3
15 56
TOTAL
932
3,462
35
15 20
Port Moody Richmond Squamish
103 449
118
8 2
25 38 25
Sunshine Coast
Tsawwassen
10
Vancouver East Vancouver West West Vancouver
101 208
305
1,147
10 16
78 89
Whistler TOTAL*
932
3,462
* This represents the total of the Metro Vancouver area, not the sum of the areas above. Condos - Metro Vancouver
Sales
Active Listings
MLS® HPI Benchmark Price
$779,700
$776,400
$772,900
$766,300
$755,000
$740,100
$732,200
$728,500
$727,100
$720,700
$720,500
$713,700
4,636
4,677
4,455
4,485
4,355
4,332
3,427
3,279
3,462
4,405
3,879
3,448
2,313
1,689
1,604
1,326
993
1,060
1,000
932
890
706
846
#VALUE! #VALUE! 03-2022
575
04-2022
05-2022
06-2022
07-2022
08-2022
09-2022
10-2022
11-2022
12-2022
01-2023
02-2023
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
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REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver Metro Vancouver
Townhomes Report – February 2023
Active Listings
Days on Market
Active Listings
Benchmark Price
One-Year Change
Price Range
Sales
Neighbourhood
Sales
$99,999 and Below $100,000 to $199,999 $200,000 to $399,999 $400,000 to $899,999 $900,000 to $1,499,999 $1,500,000 to $1,999,999 $2,000,000 to $2,999,999 $3,000,000 and $3,999,999 $4,000,000 to $4,999,999
2 1 3
5 0 9
237
Bowen Island Burnaby East Burnaby North Burnaby South
0 6
0 9
$0
--
44 61 27 27 25 38
$874,700 $892,100 $966,500 $999,900 $988,600 $723,600 $932,200 $1,286,200 $758,100 $884,700 $984,000 $1,083,100 $978,600 $709,900 $999,700 $1,052,500 $1,347,800
- 0.6% + 1.4% - 3.8% - 8.9% - 1.9% - 17.6% + 1.0% - 3.4% - 13.7% - 7.5% - 6.6% + 0.0% - 9.7% - 9.3% - 1.6% - 4.7% - 12.0%
11 14 35 13 36
24 35 47 20 57 23 54 15 14 22 23 28 13 76
100 158
194 414 131
Coquitlam
32
Ladner
8 0 0 0
51 11
Maple Ridge
0 0 0
New Westminster North Vancouver Pitt Meadows Port Coquitlam
3
5 7
21
$5,000,000 and Above
4
TOTAL
304
827
29
13 14 45
Port Moody Richmond Squamish
155
7 7 2
Sunshine Coast
Tsawwassen
Vancouver East Vancouver West West Vancouver
20 34
151
2
8
$0
--
Whistler TOTAL*
16
42
$1,406,600 $1,038,500
- 8.2% - 6.3%
304
827
* This represents the total of the Metro Vancouver area, not the sum of the areas above. Townhomes - Metro Vancouver
Sales
Active Listings
MLS® HPI Benchmark Price
$1,147,900
$1,146,100
$1,141,200
$1,115,600
$1,096,500
$1,069,100
$1,048,900
$1,043,600
$1,038,500
$1,027,900
$1,020,400
$1,012,700
1,277
1,183
1,239
1,227
1,224
1,163
1,142
996
879
876
827
828
640
508
451
415
267
304
289
244
225
185
231
#VALUE! #VALUE! 03-2022
120
04-2022
05-2022
06-2022
07-2022
08-2022
09-2022
10-2022
11-2022
12-2022
01-2023
02-2023
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
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Metro Vancouver REALTOR® Report A Research Tool Provided by the Real Estate Board of Greater Vancouver February 2023
MLS® HPI Benchmark Price
Detached
Condos
Townhomes
$2,500,000
$2,060,700
$2,000,000
$1,813,100
$1,687,000
$1,678,100
$1,627,000
$1,590,500
$1,447,200$1,470,800
$1,500,000
$1,197,100
$1,108,400
$1,095,100
$1,092,100
$1,038,500
$1,031,300
$961,900
$1,000,000
$860,500
$857,100
$822,200
$801,400
$783,700 $800,200
$713,000
$706,300
$701,600
$754,700 $732,200
$616,100
$592,300
$655,700 $622,500 $636,200 $648,100
$501,200
$445,600 $462,900 $473,700 $472,400 $477,000
$425,700
$534,000
$500,000
$389,600
$383,000
$334,700
$449,200
$350,600 $361,600 $367,300 $359,600 $371,200 $383,600
$342,700
$302,900
$300,000
$265,800
$0
01-2006 01-2007 01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018 01-2019 01-2020 01-2021 01-2022 01-2023
Note: $0 means that there is no sales activity, not $0 as an MLS® HPI Benchmark Price.
Average Price Per Square Foot
Detached
Condos
Townhomes
$1,000
$968
$951
$900
$918
$905
$888
$855
$843 $819
$882
$876
$873
$798
$843
$796
$800
$817
$761
$783
$801
$801
$747
$745
$741
$773
$724
$722
$715
$718
$700
$690
$700
$658
$654
$619
$608 $610
$599
$592
$600
$500
03-2020 06-2020 09-2020 12-2020 03-2021 06-2021 09-2021 12-2021 03-2022 06-2022 09-2022 12-2022
Note: $0 means that there is no sales activity, not $0 as an Average Price Per Square Foot.
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
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REALTOR® Report A Research Tool Provided by the Real Estate Board of Greater Vancouver
RICHMOND
February 2023 Detached Properties Richmond
February
January
One-Year Change
One-Year Change
Activity Snapshot
2023
2022
2023
2022
Total Active Listings
390
390
435
- 10.3%
336
+16.1%
Sales
60
26
100
- 40.0%
106
- 75.5%
Days on Market Average
37
61
30
+23.3%
62
- 1.6%
MLS® HPI Benchmark Price
$2,005,700
$1,965,700
$2,158,800
- 7.1%
$2,072,900
- 5.2%
Condos
February
January
One-Year Change
One-Year Change
Activity Snapshot
2023
2022
2023
2022
Total Active Listings
449
395
416
+7.9%
402
- 1.7%
Sales
118
81
225
- 47.6%
176
- 54.0%
Days on Market Average
40
62
19
+110.5%
34
+82.4%
MLS® HPI Benchmark Price
$735,800
$720,700
$722,400
+1.9%
$698,700
+3.1%
Townhomes
February
January
One-Year Change
One-Year Change
Activity Snapshot
2023
2022
2023
2022
Total Active Listings
155
157
127
+22.0%
93
+68.8%
Sales
45
16
71
- 36.6%
55
- 70.9%
Days on Market Average
34
43
16
+112.5%
25
+72.0%
MLS® HPI Benchmark Price
$1,083,100
$1,065,600
$1,082,900
+0.0%
$1,045,000
+2.0%
Sales-to-Active Ratio
Townhome
Condo [26.3%]
Detached
[29.0%]
[15.4%]
100%
80%
60%
Seller's Market
40%
20%
Balanced Market Buyer's Market
0%
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
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RICHMOND
REALTOR® Report Richmond
A Research Tool Provided by the Real Estate Board of Greater Vancouver
Detached Properties Report – February 2023
Active Listings
Avg Days on Market
Active Listings
Benchmark Price $2,061,700 $1,748,400
One-Year Change
Price Range
Sales
Neighbourhood
Sales
$99,999 and Below $100,000 to $199,999 $200,000 to $399,999 $400,000 to $899,999 $900,000 to $1,499,999 $1,500,000 to $1,999,999 $2,000,000 to $2,999,999 $3,000,000 and $3,999,999 $4,000,000 to $4,999,999
0 1 0 0 5
0 1 3 1
0
Boyd Park
0 2 0 0 5 1 1 2 2 2 1 4 1 1 0 6 6 1 1 0 4 1 5 4 1 3 1 1 4
11
- 4.9% - 5.3%
69
Bridgeport RI
5
0 0
Brighouse
11
$0 $0
-- --
Brighouse South Broadmoor East Cambie East Richmond
2
11
32 26 44 56
45
$2,479,800 $1,717,100 $2,467,200 $1,786,000 $2,395,200 $1,308,100 $1,580,500 $2,256,300 $2,352,600 $2,371,400 $1,732,000 $2,032,700 $2,236,600 $1,937,800 $1,779,200 $2,475,600 $1,955,100 $1,729,300 $1,873,500 $1,728,300 $2,215,000 $1,760,300 $1,900,800 $1,844,500 $2,005,700 $0
- 8.0% - 4.7% - 8.8% - 4.5% - 6.0% - 9.8% - 11.6% - 6.0% - 10.3% - 5.2% - 11.0% - 4.0% - 6.4% - 8.0% - 12.6% - 5.7% - 6.4% - 7.2% - 7.8% - 8.1% - 4.8% - 6.0% - 10.6% - 8.0% - 7.1% --
26 20
100 139
4
16 12
8 0 0
75 36 24
Garden City
0 0
Gilmore Granville
4
$5,000,000 and Above
25 21 10 15 17 13 20 16 16 19 10 22 12 10 2 1
TOTAL
60
390
37
Hamilton RI Ironwood Lackner McLennan
McLennan North
McNair
Quilchena RI Riverdale RI
Saunders Sea Island
Seafair
South Arm
Steveston North Steveston South Steveston Village
Terra Nova
8
West Cambie
12
Westwind
7
Woodwards
24
TOTAL*
60
390
* This represents the total of the Richmond area, not the sum of the areas above. Detached Homes - Richmond
Sales
Active Listings
MLS® HPI Benchmark Price
$2,197,200
$2,196,000
$2,178,300
$2,160,500
$2,129,600
$2,111,300
$2,081,500
$2,053,800
$2,032,100
$2,005,700
$1,978,200
$1,965,700
577
553
545
534
485
605
390
595
390
344
539
495
149
72
94
60
60
77
56
55
54
54
37
26
#VALUE! #VALUE! 03-2022
04-2022
05-2022
06-2022
07-2022
08-2022
09-2022
10-2022
11-2022
12-2022
01-2023
02-2023
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
14
STILHAVN REAL ESTATE SERVICES
THE STILHAVN REPORT • STILHAVN .COM
RICHMOND
REALTOR® Report Richmond
A Research Tool Provided by the Real Estate Board of Greater Vancouver
Condo Report – February 2023
Active Listings
Avg Days on Market
Active Listings
Benchmark Price
One-Year Change + 0.8% + 1.4% + 2.7% - 1.9% + 2.6% + 11.2% + 1.5%
Price Range
Sales
Neighbourhood
Sales
$99,999 and Below $100,000 to $199,999 $200,000 to $399,999 $400,000 to $899,999 $900,000 to $1,499,999 $1,500,000 to $1,999,999 $2,000,000 to $2,999,999 $3,000,000 and $3,999,999 $4,000,000 to $4,999,999
0 0 8
0 1
0 0
Boyd Park
5 3
10
$513,100 $681,900 $806,800 $632,200 $489,700 $535,200 $732,300
Bridgeport RI
3
28
47 38 48 11 64 12
Brighouse
53 19
195
89 17
246 147
Brighouse South Broadmoor East Cambie East Richmond
29
1 0 0 0 0 0 0 1 0 0 4 0 0 7 0 0 0 0 2 9 1 0
4 0 1 0 0 4 8 3 0 0 7 0 0 3 0 0 0
1 2 1 0 0
19
6 2 0 0
Garden City
$0 $0
-- --
0 0
Gilmore Granville
$5,000,000 and Above
$266,100 $779,700 $621,500
- 1.2% + 0.4% + 1.3%
TOTAL
118
449
40
Hamilton RI Ironwood Lackner McLennan
$0 $0
-- --
McLennan North
$830,400
+ 14.5%
McNair
$0
--
Quilchena RI Riverdale RI
$477,800 $590,900
+ 1.2% - 1.1%
Saunders Sea Island
$0 $0
-- --
Seafair
$522,300 $299,000 $492,300 $700,700
+ 0.8% + 2.9% + 3.8% + 5.4%
South Arm
17
Steveston North Steveston South Steveston Village
0
13
4 0
$0 $0
-- --
Terra Nova
West Cambie
13
145
$783,200
+ 0.2%
Westwind
0 0
0 3
$0 $0
-- --
Woodwards
TOTAL*
118
449
$735,800
+ 1.9%
* This represents the total of the Richmond area, not the sum of the areas above. Condos - Richmond
Sales
Active Listings
MLS® HPI Benchmark Price
$746,200
$739,000
$736,600
$735,800
$732,400
$724,400
$720,700
$707,900
$703,900
$699,600
$689,400
$687,900
580
564
548
533
531
475
449
395
537
375
437
421
291
232
194
176
124
121
121
118
117
96
109
#VALUE! #VALUE! 03-2022
81
04-2022
05-2022
06-2022
07-2022
08-2022
09-2022
10-2022
11-2022
12-2022
01-2023
02-2023
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
15
STILHAVN REAL ESTATE SERVICES
THE STILHAVN REPORT • STILHAVN .COM
RICHMOND
REALTOR® Report Richmond
A Research Tool Provided by the Real Estate Board of Greater Vancouver
Townhomes Report – February 2023
Active Listings
Days on Market
Active Listings
Benchmark Price
One-Year Change
Price Range
Sales
Neighbourhood
Sales
$99,999 and Below $100,000 to $199,999 $200,000 to $399,999 $400,000 to $899,999 $900,000 to $1,499,999 $1,500,000 to $1,999,999 $2,000,000 to $2,999,999 $3,000,000 and $3,999,999 $4,000,000 to $4,999,999
0 0 0 6 4 0 0 0 0
0 0 0
0 0 0
Boyd Park
1 1 1 5 1 1 0 0 0 1 0 3 0 0 1 0 1 0 0 0 2 1 2 2 3 5 0 2
4
$781,000
+ 0.8% - 0.5% + 1.4% + 1.1% + 6.0% - 0.9%
Bridgeport RI
30 10 10
$1,105,200 $1,078,600
Brighouse
24
48 35
Brighouse South Broadmoor East Cambie East Richmond
$946,600
35
108
2 7 0 2 0 3 2 7 0 0 0 3 5 0 0 6 5 3 3 0
$1,075,800
22
8 0 0 0 0
$918,900
1 0 0 0
$0
--
Garden City
$1,108,000
+ 6.0%
Gilmore Granville
$0
--
$5,000,000 and Above
$1,076,900 $881,100 $891,700 $1,296,800 $1,151,100 $739,600 $853,300 $1,049,100 $1,166,800 $911,700 $859,000 $1,211,700 $1,003,600 $1,255,500 $1,220,100 $1,029,300 $1,334,400 $1,083,100 $0 $1,095,300 $0
+ 2.9% + 0.7% - 0.6% - 0.2% - 6.0% - 1.0% + 1.8% - 1.7% + 6.1% + 2.0% + 5.1% + 1.2% + 1.1% + 1.3% + 1.5% + 2.0% + 2.5% + 4.1% + 0.0% -- --
TOTAL
45
155
34
Hamilton RI Ironwood Lackner McLennan
11
McLennan North
12
18
McNair
Quilchena RI Riverdale RI
Saunders Sea Island
Seafair
South Arm
Steveston North Steveston South Steveston Village
Terra Nova
West Cambie
17
Westwind
2 5
Woodwards
TOTAL*
45
155
* This represents the total of the Richmond area, not the sum of the areas above. Townhomes - Richmond
Sales
Active Listings
MLS® HPI Benchmark Price
$1,127,600
$1,127,800
$1,115,900
$1,108,200
$1,083,100
$1,079,900
$1,065,600
$1,059,300
$1,059,100
$1,051,500
$1,049,800
$1,047,200
227
243
247
239
228
233
202
193
157
155
149
164
112
92
85
53
64
45
45
47
47
36
39
#VALUE! #VALUE! 03-2022
16
04-2022
05-2022
06-2022
07-2022
08-2022
09-2022
10-2022
11-2022
12-2022
01-2023
02-2023
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
16
STILHAVN REAL ESTATE SERVICES
THE STILHAVN REPORT • STILHAVN .COM
Richmond REALTOR® Report A Research Tool Provided by the Real Estate Board of Greater Vancouver February 2023
RICHMOND
MLS® HPI Benchmark Price
Detached
Condos
Townhomes
$2,500,000
$2,158,800
$2,005,700
$2,000,000
$1,808,900
$1,789,400
$1,704,000
$1,670,300
$1,623,300
$1,614,100
$1,500,000
$1,165,900
$1,097,100
$1,082,900$1,083,100
$1,059,800
$1,054,300
$1,010,400
$1,000,000
$869,100
$860,500
$833,000
$797,700 $798,800
$742,000
$741,400
$679,800
$653,000
$611,000
$722,400 $735,800
$571,200
$484,500 $480,700 $488,700 $501,800 $514,100
$596,400 $578,300 $587,800 $614,400
$446,200
$403,400 $378,700
$500,000
$363,700
$464,100
$319,300
$381,700
$342,700
$309,600 $334,100 $335,700 $326,900 $337,400
$287,400
$254,400
$225,700 $251,000
$0
01-2006 01-2007 01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018 01-2019 01-2020 01-2021 01-2022 01-2023
Note: $0 means that there is no sales activity, not $0 as an MLS® HPI Benchmark Price.
Average Price Per Square Foot
Detached
Condos
Townhomes
$900
$858
$814
$832
$824
$834
$814 $785
$800
$775
$789
$733 $786 $737
$749
$745
$751
$739
$730 $712 $734
$729
$743
$741
$731
$700
$694
$643 $691
$644
$640
$637
$635 $673
$631
$643 $595
$591
$600
$583
$500
03-2020 06-2020 09-2020 12-2020 03-2021 06-2021 09-2021 12-2021 03-2022 06-2022 09-2022 12-2022
Note: $0 means that there is no sales activity, not $0 as an Average Price Per Square Foot.
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
17
THE STILHAVN REPORT • STILHAVN .COM
STILHAVN REAL ESTATE SERVICES
METROLAVDANECROUVER
18
STILHAVN REAL ESTATE SERVICES
THE STILHAVN REPORT • STILHAVN .COM
REALTOR® Report A Research Tool Provided by the Real Estate Board of Greater Vancouver
LADNER
Ladner
February 2023 Detached Properties
February
January
One-Year Change
One-Year Change
Activity Snapshot
2023
2022
2023
2022
Total Active Listings
56
48
47
+19.1%
32
+50.0%
Sales
10
9
15
- 33.3%
12
- 25.0%
Days on Market Average
25
63
9
+177.8%
51
+23.5%
MLS® HPI Benchmark Price
$1,251,400
$1,267,700
$1,537,400
- 18.6%
$1,508,700
- 16.0%
Condos
February
January
One-Year Change
One-Year Change
Activity Snapshot
2023
2022
2023
2022
Total Active Listings
10
8
6
+66.7%
2
+300.0%
Sales
4
2
7
- 42.9%
4
- 50.0%
Days on Market Average
13
31
9
+44.4%
65
- 52.3%
MLS® HPI Benchmark Price
$710,300
$691,100
$661,200
+7.4%
$636,000
+8.7%
Townhomes
February
January
One-Year Change
One-Year Change
Activity Snapshot
2023
2022
2023
2022
Total Active Listings
20
18
4
+400.0%
1
+1,700.0%
Sales
13
5
5
+160.0%
4
+25.0%
Days on Market Average
7
46
7
0.0%
10
+360.0%
MLS® HPI Benchmark Price
$988,600
$926,800
$1,007,500
- 1.9%
$966,400
- 4.1%
Sales-to-Active Ratio
Townhome
Condo [40.0%]
Detached
[65.0%]
[17.9%]
700%
600%
500%
400%
300%
Seller's Market
200%
100%
Balanced Market Buyer's Market
0%
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
19
STILHAVN REAL ESTATE SERVICES
THE STILHAVN REPORT • STILHAVN .COM
LADNER
REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
Ladner
Detached Properties Report – February 2023
Active Listings
Avg Days on Market
Active Listings
Benchmark Price
One-Year Change
Price Range
Sales
Neighbourhood
Sales
$99,999 and Below $100,000 to $199,999 $200,000 to $399,999 $400,000 to $899,999 $900,000 to $1,499,999 $1,500,000 to $1,999,999 $2,000,000 to $2,999,999 $3,000,000 and $3,999,999 $4,000,000 to $4,999,999
0 0 0 0 7 2 1 0 0 0
0 1 0 2
0 0 0 0
Annacis Island Delta Manor
0 1 0 3 3 1 1 1 0 0 0
0 5 5 8 9 3 3 6 0 1
$0
--
$1,190,800
- 17.9%
East Delta Hawthorne
$0
--
16
$1,284,100 $1,300,900 $1,183,300
- 18.1% - 19.1% - 18.4%
15 18 12
25 38
Holly
Ladner Elementary
4 0 0 0
Ladner Rural Neilsen Grove Port Guichon
$0
--
1 1 6
$1,273,300
- 18.5%
$0 $0 $0
-- -- --
$5,000,000 and Above
Tilbury
TOTAL
10
56
25
Westham Island
TOTAL*
10
56
$1,251,400
- 18.6%
* This represents the total of the Ladner area, not the sum of the areas above. Detached Homes - Ladner
Sales
Active Listings
MLS® HPI Benchmark Price
$1,553,600
$1,547,700
$1,545,700
$1,482,200
$1,460,300
$1,423,800
$1,355,600
$1,354,900
$1,299,400
$1,298,700
$1,267,700
$1,251,400
91
87
71
68
67
93
82
56
49
48
72
66
27
20
18
17
13
11
10
12
11
9
8
#VALUE! #VALUE! 03-2022
7
04-2022
05-2022
06-2022
07-2022
08-2022
09-2022
10-2022
11-2022
12-2022
01-2023
02-2023
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
20
STILHAVN REAL ESTATE SERVICES
THE STILHAVN REPORT • STILHAVN .COM
LADNER
REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
Ladner
Condo Report – February 2023
Active Listings
Avg Days on Market
Active Listings
Benchmark Price
One-Year Change
Price Range
Sales
Neighbourhood
Sales
$99,999 and Below $100,000 to $199,999 $200,000 to $399,999 $400,000 to $899,999 $900,000 to $1,499,999 $1,500,000 to $1,999,999 $2,000,000 to $2,999,999 $3,000,000 and $3,999,999 $4,000,000 to $4,999,999
0 0 0 4 0 0 0 0 0 0
0 0 0 9 1 0 0 0 0 0
0 0 0
Annacis Island Delta Manor
0 2 0 0 0 1 0 1 0 0 0 4
0 4 2 2 0 2 0 0 0 0 0
$0
--
$599,600
+ 7.9%
East Delta Hawthorne
$0
--
13
$596,500
+ 5.3%
0 0 0 0 0 0
Holly
$0
--
Ladner Elementary
$711,000
+ 9.0%
Ladner Rural Neilsen Grove Port Guichon
$0
--
$922,000
+ 7.2%
$0 $0 $0
-- -- --
$5,000,000 and Above
Tilbury
TOTAL
4
10
13
Westham Island
TOTAL*
10
$710,300
+ 7.4%
* This represents the total of the Ladner area, not the sum of the areas above. Condos - Ladner
Sales
Active Listings
MLS® HPI Benchmark Price
$746,400
$735,900
$731,000
$717,100
$714,200
$710,300
$708,900
$704,700
$701,000
$694,400
$691,100
$670,400
14
8
8
8
8
7
10
5
6
8
5
9
#VALUE! #VALUE! 8 5 03-2022
8
6
5
1
4
4
2
2
2
0
04-2022
05-2022
06-2022
07-2022
08-2022
09-2022
10-2022
11-2022
12-2022
01-2023
02-2023
Current as of March 0 2 , 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
21
STILHAVN REAL ESTATE SERVICES
THE STILHAVN REPORT • STILHAVN .COM
LADNER
REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
Ladner
Townhomes Report – February 2023
Active Listings
Days on Market
Active Listings
Benchmark Price
One-Year Change
Price Range
Sales
Neighbourhood
Sales
$99,999 and Below $100,000 to $199,999 $200,000 to $399,999 $400,000 to $899,999 $900,000 to $1,499,999 $1,500,000 to $1,999,999 $2,000,000 to $2,999,999 $3,000,000 and $3,999,999 $4,000,000 to $4,999,999
0 0 0 2 0 0 0 0 0
0 0 0 4 1 0 0 0 0
0 0 0 4 7 0 0 0 0 0 7
Annacis Island Delta Manor
0 0 0 1 0 1 0 0 0 0
0 1 0 0 1 5 0 0 0 0
$0
--
$939,400
- 1.1%
East Delta Hawthorne
$0
--
$864,200 $905,000 $881,000
- 0.4% - 1.7% + 0.6%
11
15
Holly
Ladner Elementary
Ladner Rural Neilsen Grove Port Guichon
$0
--
11
13
$1,113,800
- 1.3%
$0 $0 $0
-- -- --
$5,000,000 and Above
Tilbury
TOTAL
13
20
Westham Island
TOTAL*
13
20
$988,600
- 1.9%
* This represents the total of the Ladner area, not the sum of the areas above. Townhomes - Ladner
Sales
Active Listings
MLS® HPI Benchmark Price
$1,027,900
$1,025,600
$1,007,000
$990,800
$988,600
$974,800
$941,100
$932,000
$926,800
$919,100
$909,800
$880,200
15
20
16
14
17
18
12
15
12
9
10
13
6
5
10
8
6
5
6
6
1
3
#VALUE! #VALUE! 03-2022
0
0
04-2022
05-2022
06-2022
07-2022
08-2022
09-2022
10-2022
11-2022
12-2022
01-2023
02-2023
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
22
STILHAVN REAL ESTATE SERVICES
THE STILHAVN REPORT • STILHAVN .COM
Ladner REALTOR® Report A Research Tool Provided by the Real Estate Board of Greater Vancouver February 2023
LADNER
MLS® HPI Benchmark Price
Detached
Condos
Townhomes
$1,600,000
$1,537,400
$1,400,000
$1,251,400
$1,160,700
$1,200,000
$1,046,700
$1,037,000
$1,007,500
$988,600
$980,700
$951,400 $961,600
$1,000,000
$782,300
$750,900 $744,900
$800,000
$727,800
$704,100
$667,600 $661,100
$710,300
$631,000
$623,400
$596,000 $604,100
$661,200
$577,600
$600,000
$527,100
$523,600
$514,100
$544,800
$464,400
$503,500 $497,200
$434,800
$413,900 $402,500 $430,800 $426,200
$482,500
$411,800
$387,300
$352,400
$347,300
$410,000
$400,000
$307,400
$352,900
$306,300
$287,600 $280,300 $295,100 $290,800 $301,300 $285,300 $278,900
$250,700
$222,600 $200,000
01-2006 01-2007 01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018 01-2019 01-2020 01-2021 01-2022 01-2023
Note: $0 means that there is no sales activity, not $0 as an MLS® HPI Benchmark Price.
Average Price Per Square Foot
Detached
Condos
Townhomes
$1,000
$858
$800
$755
$704
$729
$668 $717
$621
$677 $621
$620 $574 $630
$691 $591
$595
$584
$596
$600
$639 $557
$599 $555
$553
$550
$616
$506
$584
$469 $529 $483
$575
$467 $448
$558
$541 $445
$455
$400
$200
$0
03-2020 06-2020 09-2020 12-2020 03-2021 06-2021 09-2021 12-2021 03-2022 06-2022 09-2022 12-2022
Note: $0 means that there is no sales activity, not $0 as an Average Price Per Square Foot.
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
23
THE STILHAVN REPORT • STILHAVN .COM
STILHAVN REAL ESTATE SERVICES
M ET RS AOWVWA NACS SOEUNV E R
24
STILHAVN REAL ESTATE SERVICES
THE STILHAVN REPORT • STILHAVN .COM
REALTOR® Report A Research Tool Provided by the Real Estate Board of Greater Vancouver
TSAWWASSEN
Tsawwassen
February 2023 Detached Properties
February
January
One-Year Change
One-Year Change
Activity Snapshot
2023
2022
2023
2022
Total Active Listings
92
95
75
+22.7%
62
+53.2%
Sales
12
13
47
- 74.5%
24
- 45.8%
Days on Market Average
25
63
24
+4.2%
30
+110.0%
MLS® HPI Benchmark Price
$1,334,800
$1,434,600
$1,694,400
- 21.2%
$1,615,300
- 11.2%
Condos
February
January
One-Year Change
One-Year Change
Activity Snapshot
2023
2022
2023
2022
Total Active Listings
25
24
12
+108.3%
15
+60.0%
Sales
10
7
20
- 50.0%
14
- 50.0%
Days on Market Average
14
34
10
+40.0%
35
- 2.9%
MLS® HPI Benchmark Price
$730,900
$713,500
$692,400
+5.6%
$663,100
+7.6%
Townhomes
February
January
One-Year Change
One-Year Change
Activity Snapshot
2023
2022
2023
2022
Total Active Listings
13
15
13
0.0%
10
+50.0%
Sales
2
0
5
- 60.0%
3
- 100.0%
Days on Market Average
33
0
9
+266.7%
15
- 100.0%
MLS® HPI Benchmark Price
$999,700
$937,100
$1,016,000
- 1.6%
$980,100
- 4.4%
Sales-to-Active Ratio
Townhome
Condo [40.0%]
Detached
[15.4%]
[13.0%]
175%
150%
125%
100%
75%
Seller's Market
50%
25%
Balanced Market Buyer's Market
0%
Current as of March 02, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures.
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