vancouverwest CONDO -APRIL 2023
SALES TO LISTINGSRATIO 34% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 8% VS 2022
▼ 6% VS 2022
▼ 12% VS 2022
▼ 29% VS 2022
Therewere452 condolistingsin VancouverW estin April,1.3% aboveM arch and 12% lowerthan April2022.
Aprilcondosalesdecreased by3% m onth-over-m onth,to 155,and were29% below April2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 42% 217 513
% Change
No. 36% 159 446
% Change
Thesales-to-listing ratio forcondosin VancouverW est, at34% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
34% 155 452
-19% -29% -12%
0.6% -2% -1.8% -4% -3% 1.3%
Thecondom edian pricein Aprilwas$850,000,a1.8% decreasefrom M arch and 6% below April2022. Theaveragesold pricewas$950,828,2% below last m onth;theaveragePSF salepricewas$1,102,up 0.6% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,102 $950,828 $850,000
$1,095 $973,582 $866,000
$1,193 $1,029,565 $908,242
-8% -8% -6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
594
621
565
567
564
548
513
451
521
452
446
416
404
213
217
159
145
155
1
105
144
142
96
92
83
63
$908K $858K $884K $859K $849K
$880K $845K $833K
$843K $856K
$803K $866K $850K
VANCOUVERW EST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
100
100%+
4+ bdrms
80
4
60
12
3 bdrms
53%
76
40
38%
36% 34%
73
2 bdrms
20
217
8%
5%
0
70
<$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
1 0 n/a
18 21 117%
91 48 53%
89 32 36%
67 23 34%
61 23 38%
75 4 5%
8%
155
50 4
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