South Vancouver, Vancouver House Market Report – February 2023

In February 2023, the South Vancouver, Vancouver house real estate market is classified as a Buyer's Market with an absorption rate of 2.2%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

7 house properties sold in South Vancouver, Vancouver during February 2023 based on MLS® records. There were 316 active listings at the start of the month. A total of 5 new listings came to market during the month.

The average house sold price in South Vancouver, Vancouver in February 2023 was $1,777,586. Sold prices ranged from $1,595,000 to $2,040,000. Data is sourced from MLS® board records.

In February 2023, house properties in South Vancouver, Vancouver averaged 39 days on the market before selling. With an absorption rate of 2.2%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average house sold price in South Vancouver, Vancouver in February 2023 was $1,777,586, down 17.7% year-over-year compared to February 2022 ($2,159,925). Sales volume was down 56.3% compared to the same month last year. Data is sourced from MLS® sold records.