vancouvereast CONDO -APRIL 2023
SALES TO LISTINGSRATIO 32% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 4% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 4% VS 2022
▲ 0.8% VS 2022
▼ 36% VS 2022
Therewere358 condolistingsin VancouverEastin April, 7% aboveM arch and 0.8% higherthan April2022.
Aprilcondosalesincreased by3% m onth-over-m onth,to 114,and were36% below April2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 50% 178 355
% Change
No. 33% 111 334
% Change
Thesales-to-listing ratio forcondosin VancouverEast,at 32% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
32% 114 358
-36% -36% 0.8%
3% 7%
Thecondom edian pricein Aprilwas$657,000,a1.2% decreasefrom M arch and 4% below April2022. Theaveragesold pricewas$701,339,1.6% below last m onth;theaveragePSF salepricewas$943,down 2% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-2% -1.6% -1.2% -4%
$943 $701,339 $657,000
$967 $712,497 $665,000
$979 $755,505 $686,000
-4% -7% -4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
381
365
399
392 394
334
358
355
371
368
316
310
290
170
178
139
103
101 1
14
101
89
84
77
57 57
$686K $670K $680K $685K
$665K $657K
$616K $613K $655K $616K $650K $645K $610K
VANCOUVEREAST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
4+ bdrms
2
100
75%
80
5
60%
3 bdrms
38
60
37%
40
27%
47
22%
2 bdrms
17%
167
20
0
62
<$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
4 3 75%
65 39 60%
122 45 37%
95 16 17%
36 8 22%
11 3 27%
18 0 n/a
7 0 n/a
151
Copyright© May4,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMay4,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 46 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online