Sales and Listing Report for Mid-April 2023

April is showing improvements from March as we see sales and listings on a slow but steady increase, although dramatic changes in market activity aren’t likely month over month as we settle into a balanced market that has dressed up as a seller’s market. With active listing counts flirting with decreases in some areas and product types and slight increases in others, and as buyer activity increases, competition over those too few listings have increased thus shifting the advantage back into sellers’ hands in some cases.

At the mid-point of April, there have been 1,227 sales in Greater Vancouver, more than the 1,184 that sold at the mid-point of March, and much more than the 878 that had sold at the mid-point of February. Even looking at 2019 as we have, there were only 856 sales at the mid-point of April in that year. The comparison to that year and any year for that matter seems to be less meaningful. This is a market onto its own. With Easter having taken some steam out of the market, buyers are more active this month than last and with the last half of the month not impacted by spring break as March was, we can expect sales to accelerate through the remainder of April. We’re already seeing this as the daily sales reported by the Greater Vancouver’s Board are higher in the first two weeks of April compared to March. And with the Bank of Canada holding their rate last week, buyers have some certainty in interest rates for the foreseeable future.

At mid-month in Greater Vancouver there have been 2,182 new listings so far, just slightly above the 2,154 new listings at the mid-point of March and not much more than the 1,846 new listings at the mid-point in February. This is of course still far below the 3,202 new listings at the midpoint of April 2022 or 4,078 new listings at the mid-point of April 2021. And looking at the comparison to 2019, it’s even much lower than the 2,819 new listings at the mid-point of April in that year. Listing inventory continues to be a challenge for buyers to find in our market.

Some interesting side notes so far this month. Vancouver’s West Side thus far has seen less new listings at mid-month compared to March, while the East Side has seen greater new listings and less sales, creating more growth in active listings. North Vancouver perhaps waiting to get through spring break and Easter has seen less sales and new listings thus far compared to the mid-point of March. In Richmond while sales are slower in April compared to March so far, it is almost double the number of mid-April 2019. Townhouses are the strongest part of that market with active listing counts dropping. Burnaby East has seen almost as many sales so far as all of March, and Burnaby South has also seen a significant jump, showing three times the number of sales as April 2019 at mid-month. Port Moody has seen more sales than new listings so far in April, with a 110% absorption rate. Those new developments can’t happen quick enough there, especially townhouses where there have only been 3 new listings so far to go with 17 sales which has dropped active listings down to 13 there. Moving further east, inventory in Maple Ridge is dropping, especially for townhouses where active listings are down 40% year-over-year. Maybe this missing middle theme has some truth to it.

The low number of active listings continues to be as consistent and the cold, wet weather in Metro Vancouver. With an absorption rate of 56%, which is just higher than we saw in March at 55% mid-month, more new listings are selling than the previous month. And it’s right at where absorption was last April when we saw 56% of listings purchased that month mid-way through. With 8,778 active listings in Greater Vancouver, it’s just above the 8,515 that were available at this time last year when the market was beginning its turn from super heated to super conservative. And while its higher than the 8,395 at mid-month in March, it was believed we would start to see quicker growth in active listings as the spring market moved into full bloom. Here’s hoping spring truly comes to Metro Vancouver in the real estate market as well as with our weather.

Here’s a summary of the numbers:

Greater Vancouver

1,227 units sold so far in April 2023 compared to

1,184 units sold at mid-month in March 2023
878 units sold at mid-month in February 2023
1,797 units sold at mid-month in April 2022
2,402 units sold at mid-month in April 2021
564 units sold at mid-month in April 2020
856 units sold at mid-month in April 2019

2,182 new listings so far in April compared to

2,154 new listings at mid-month in March 2023
1,846 new listings at mid-month in February 2023 
3,202 new listings at mid-month in April 2022
4,078 new listings at mid-month in April 2021
1,105 new listings at mid-month in April 2020
2,819 new listings at mid-month in April 2019

Total active listings are at 8,778 compared to 8,515 at mid-month in April 2022, and 8,395 at mid-month in March 2023.
Sales to listings ratio is at 56% compared to 56% at mid-month in April 2022 and 55% at mid-month in March 2023.

Vancouver West 

215 units sold so far in April 2023 compared to

211 units sold at mid-month in March 2023 
143 units sold at mid-month in February 2023
334 units sold at mid-month in April 2022
402 units sold at mid-month in April 2021
96 units sold at mid-month in April 2020
154 units sold at mid-month in April 2019

420 new listings so far in April compared to

467 new listings at mid-month in March 2023
354 new listings at mid-month in February 2023 
639 new listings at mid-month in April 2022
767 new listings at mid-month in April 2021
196 new listings at mid-month in April 2020
568 new listings at mid-month in April 2019

Total active listings are at 1,988 compared to 2,155 at mid-month in April 2022, and 1,949 at mid-month in March 2023.
Sales to listings ratio is at 51% compared to 52% at mid-month in April 2022 and 45% at mid-month in March 2023.

Vancouver East

111 units sold so far in April 2023 compared to

127 units sold at mid-month in March 2023 
95 units sold at mid-month in February 2023
186 units sold at mid-month in April 2022
263 units sold at mid-month in April 2021
58 units sold at mid-month in April 2020
94 units sold at mid-month in April 2019

251 new listings so far in April compared to

223 new listings at mid-month in March 2023
189 new listings at mid-month in February 2023 
331 new listings at mid-month in April 2022
537 new listings at mid-month in April 2021
124 new listings at mid-month in April 2020
301 new listings at mid-month in April 2019

Total active listings are at 940 compared to 1,174 at mid-month in April 2022, and 903 at mid-month in March 2023.
Sales to listings ratio is at 44% compared to 56% at mid-month in April 2022 and 57% at mid-month in March 2023.

North Vancouver

90 units sold so far in April 2023 compared to

108 units sold at mid-month in March 2023 
68 units sold at mid-month in February 2023
150 units sold at mid-month in April 2022
232 units sold at mid-month in April 2021
50 units sold at mid-month in April 2020
71 units sold at mid-month in April 2019

153 new listings so far in April compared to

180 new listings at mid-month in March 2023
123 new listings at mid-month in February 2023 
231 new listings at mid-month in April 2022
338 new listings at mid-month in April 2021
89 new listings at mid-month in April 2020
273 new listings at mid-month in April 2019

Total active listings are at 496 compared to 455 at mid-month in April 2022, and 455 at mid-month in March 2023.
Sales to listings ratio is at 59% compared to 65% at mid-month in April 2022 and 60% at mid-month in March 2023.

West Vancouver 

34 units sold so far in April 2023 compared to

29 units sold at mid-month in March 2023 
22 units sold at mid-month in February 2023
25 units sold at mid-month in April 2022
54 units sold at mid-month in April 2021
13 units sold at mid-month in April 2020
27 units sold at mid-month in April 2019

94 new listings so far in April compared to

77 new listings at mid-month in March 2023
84 new listings at mid-month in February 2023 
104 new listings at mid-month in April 2022
147 new listings at mid-month in April 2021
43 new listings at mid-month in April 2020
119 new listings at mid-month in April 2019

Total active listings are at 475 compared to 457 at mid-month in April 2022, and 447 at mid-month in March 2023.
Sales to listings ratio is at 36% compared to 24% at mid-month in April 2022 and 38% at mid-month in March 2023.

Richmond

153 units sold so far in April 2023 compared to

163 units sold at mid-month in March 2023 
102 units sold at mid-month in February 2023
234 units sold at mid-month in April 2022
318 units sold at mid-month in April 2021
78 units sold at mid-month in April 2020
80 units sold at mid-month in April 2019

261 new listings so far in April compared to

264 new listings at mid-month in March 2023
255 new listings at mid-month in February 2023 
433 new listings at mid-month in April 2022
513 new listings at mid-month in April 2021
109 new listings at mid-month in April 2020
367 new listings at mid-month in April 2019

Total active listings are at 1,080 compared to 1,149 at mid-month in April 2022, and 1,057 at mid-month in March 2023.
Sales to listings ratio is at 59% compared to 54% at mid-month in April 2022 and 62% at mid-month in March 2023.

Burnaby East 

19 units sold so far in April 2023 compared to

10 units sold at mid-month in March 2023 
7 units sold at mid-month in February 2023
19 units sold at mid-month in April 2022
26 units sold at mid-month in April 2021
7 units sold at mid-month in April 2020
10 units sold at mid-month in April 2019

18 new listings so far in April compared to

22 new listings at mid-month in March 2023
12 new listings at mid-month in February 2023 
39 new listings at mid-month in April 2022
53 new listings at mid-month in April 2021
16 new listings at mid-month in April 2020
25 new listings at mid-month in April 2019

Total active listings are at 77 compared to 70 at mid-month in April 2022, and 77 at mid-month in March 2023.
Sales to listings ratio is at 106% compared to 49% at mid-month in April 2022 and 45% at mid-month in March 2023.

Burnaby North 

77 units sold so far in April 2023 compared to

80 units sold at mid-month in March 2023 
65 units sold at mid-month in February 2023
89 units sold at mid-month in April 2022
146 units sold at mid-month in April 2021
18 units sold at mid-month in April 2020
37 units sold at mid-month in April 2019

129 new listings so far in April compared to

110 new listings at mid-month in March 2023
112 new listings at mid-month in February 2023 
180 new listings at mid-month in April 2022
255 new listings at mid-month in April 2021
56 new listings at mid-month in April 2020
139 new listings at mid-month in April 2019

Total active listings are at 412 compared to 359 at mid-month in April 2022, and 380 at mid-month in March 2023.
Sales to listings ratio is at 60% compared to 49% at mid-month in April 2022 and 73% at mid-month in March 2023.

Burnaby South 

101 units sold so far in April 2023 compared to

60 units sold at mid-month in March 2023
58 units sold at mid-month in February 2023
104 units sold at mid-month in April 2022
126 units sold at mid-month in April 2021
29 units sold at mid-month in April 2020
33 units sold at mid-month in April 2019

125 new listings so far in April compared to
101 new listings at mid-month in March 2023
113 new listings at mid-month in February 2023
181 new listings at mid-month in April 2022
221 new listings at mid-month in April 2021
48 new listings at mid-month in April 2020
141 new listings at mid-month in April 2019

Total active listings are at 390 compared to 425 at mid-month in April 2022, and 387 at mid-month in March 2023.
Sales to listings ratio is at 81% compared to 57% at mid-month in April 2022 and 59% at mid-month in March 2023. 

New Westminster 

54 units sold so far in April 2023 compared to

43 units sold at mid-month in March 2023
30 units sold at mid-month in February 2023
74 units sold at mid-month in April 2022
102 units sold at mid-month in April 2021
37 units sold at mid-month in April 2020
56 units sold at mid-month in April 2019

80 new listings so far in April compared to
77 new listings at mid-month in March 2023
62 new listings at mid-month in February 2023
98 new listings at mid-month in April 2022
153 new listings at mid-month in April 2021
45 new listings at mid-month in April 2020
131 new listings at mid-month in April 2019

Total active listings are at 235 compared to 223 at mid-month in April 2022, and 238 at mid-month in March 2023.
Sales to listings ratio is at 68% compared to 76% at mid-month in April 2022 and 56% at mid-month in March 2023.

Coquitlam

90 units sold so far in April 2023 compared to

97 units sold at mid-month in March 2023
78 units sold at mid-month in February 2023
148 units sold at mid-month in April 2022
159 units sold at mid-month in April 2021
46 units sold at mid-month in April 2020
77 units sold at mid-month in April 2019

180 new listings so far in April compared to

152 new listings at mid-month in March 2023
129 new listings at mid-month in February 2023
263 new listings at mid-month in April 2022
307 new listings at mid-month in April 2021
93 new listings at mid-month in April 2020
213 new listings at mid-month in April 2019

Total active listings are at 506 compared to 547 at mid-month in April 2022, and 469 at mid-month in March 2023.
Sales to listings ratio is at 50% compared to 56% at mid-month in April 2022 and 64% at mid-month in March 2023. 

Port Moody

54 units sold so far in April 2023 compared to

37 units sold at mid-month in March 2023
19 units sold at mid-month in February 2023
35 units sold at mid-month in April 2022
71 units sold at mid-month in April 2021
10 units sold at mid-month in April 2020
25 units sold at mid-month in April 2019

49 new listings so far in April compared to
50 new listings at mid-month in March 2023
49 new listings at mid-month in February 2023
56 new listings at mid-month in April 2022
87 new listings at mid-month in April 2021
28 new listings at mid-month in April 2020
79 new listings at mid-month in April 2019

Total active listings are at 163 compared to 129 at mid-month in April 2022, and 177 at mid-month in March 2023.
Sales to listings ratio is at 110% compared to 63% at mid-month in April 2022 and 74% at mid-month in March 2023.  

Port Coquitlam 

35 units sold so far in April 2023 compared to

28 units sold at mid-month in March 2023
20 units sold at mid-month in February 2023
55 units sold at mid-month in April 2022
83 units sold at mid-month in April 2021
22 units sold at mid-month in April 2020
31 units sold at mid-month in April 2019

52 new listings so far in April compared to

57 new listings at mid-month in March 2023
45 new listings at mid-month in February 2023
101 new listings at mid-month in April 2022
232 new listings at mid-month in April 2021
37 new listings at mid-month in April 2020
80 new listings at mid-month in April 2019

Total active listings are at 159 compared to 168 at mid-month in April 2022, and 150 at mid-month in March 2023.
Sales to listings ratio is at 67% compared to 54% at mid-month in April 2022 and 49% at mid-month in March 2023. 

Ladner 

16 units sold so far in April 2023 compared to

23 units sold at mid-month in March 2023
16 units sold at mid-month in February 2023
17 units sold at mid-month in April 2022
39 units sold at mid-month in April 2021
6 units sold at mid-month in April 2020
15 units sold at mid-month in April 2019

27 new listings so far in April compared to

20 new listings at mid-month in March 2023
35 new listings at mid-month in February 2023
26 new listings at mid-month in April 2022
46 new listings at mid-month in April 2021
17 new listings at mid-month in April 2020
33 new listings at mid-month in April 2019

Total active listings are at 102 compared to 83 at mid-month in April 2022, and 86 at mid-month in March 2023.
Sales to listings ratio is at 59% compared to 65% at mid-month in April 2022 and 115% at mid-month in March 2023. 

Tsawwassen

17 units sold so far in April 2023 compared to

13 units sold at mid-month in March 2023
15 units sold at mid-month in February 2023
23 units sold at mid-month in April 2022
39 units sold at mid-month in April 2021
14 units sold at mid-month in April 2020
9 units sold at mid-month in April 2019

38 new listings so far in April compared to

38 new listings at mid-month in March 2023
23 new listings at mid-month in February 2023
41 new listings at mid-month in April 2022
62 new listings at mid-month in April 2021
20 new listings at mid-month in April 2020
50 new listings at mid-month in April 2019

Total active listings are at 177 compared to 118 at mid-month in April 2022, and 157 at mid-month in March 2023.
Sales to listings ratio is at 45% compared to 56% at mid-month in April 2022 and 34% at mid-month in March 2023.

Download April Sales and Listings Statistics Houses Townhouses Condos
Download April Sales and Listings Statistics All Regional

Kevin Skipworth, Partner/Broker and Chief Economist at Dexter Realty