greatervancouverboard area CONDO -APRIL 2023
SALES TO LISTINGSRATIO 38% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 4% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 5% VS 2022
▼ 2% VS 2022
▲ 0.1% VS 2022
▼ 16% VS 2022
Therewere3,709 condolistingsin theG reater Vancouverboard areain April,0.4% aboveM arch and 0.1% higherthan April2022. Aprilcondosalesincreased by7% m onth-over-m onth,to 1,416,and were16% below April2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at38% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,416 3,709
1,692 3,707
-16% -16% 0.1%
1,319 3,695
1.9% 2% 2% 7% 7% 0.4%
Thecondom edian pricein Aprilwas$719,900,a2% increasefrom M arch and 2% below April2022. Theaveragesold pricewas$803,455,2% abovelast m onth;theaveragePSF salepricewas$936,up 1.9% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$936 $803,455 $719,900 38%
$980 $841,910 $735,000 46%
$918 $785,419 $705,000 36%
-4% -5% -2%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,160
4,038
4,358
4,298
3,695
4,223
4,193
3,996
3,707
3,709
3,531
3,348
3,163
1,604
1,692
1,319
1,416
1,005
997
1,326
1,062
932
892
848
707
573
$735K $717K $698K $694K $690K
$670K $677K $680K $685K $690K $680K $705K $720K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1000
36 4
4+ bdrms
800
121
600
62%
3 bdrms
52%
497
400
37%
36%
30%
730
25%
2 bdrms
200
1,959
10%
7%
0
561
<$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
111 40 36%
563 349 62%
984 516 52%
724 266 37%
416 124 30%
267 67 25%
299 31 10%
345 23 7%
1,217
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