westvancouver CONDO -APRIL 2023
SALES TO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 2% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 0.4% VS 2022
▲ 16% VS 2022
▲ 49% VS 2022
▲ 36% VS 2022
Therewere100 condolistingsin W estVancouverin April,3% aboveM arch and 49% higherthan April2022.
Aprilcondosalesdecreased by14% m onth-over-m onth, to19,and were36% aboveApril2022.
THISMONTH No. $1,059 $1,458,311 $1,450,000 19% 19 100
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin W estVancouver, at19% ,reflected abalanced m arket.
TOTALLISTINGS TOTALSALES
14 67
36% 49%
22 97
-1.6% 11% 46% -16% -14% 3%
Thecondom edian pricein Aprilwas$1,450,000,a46% increasefrom M arch and 16% aboveApril2022. Theaveragesold pricewas$1,458,311,11% abovelast m onth;theaveragePSF salepricewas$1,059,down 1.6% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,081 $1,464,214 $1,255,000 21%
-2% -0.4% 16% -9%
$1,076 $1,319,411 $993,950 23%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
99
97
96
95
107
100
103
89
88
88
85
73
67
22
21
20 20
16
19
10
9 9
14
13
10
1
$1.45M
$1.40M
$1.25M
$1.24M $1.17M
$1.20M
$1.18M
$1.05M $994K
$948K $930K
$928K
$854K
W ESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
30
4+ bdrms
25
20
3
3 bdrms
56%
15
15
33%
10
15
2 bdrms
20% 19%
20%
55
5
10%
8%
0
1
<$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
3 1 33%
12 1 8%
10 2 20%
16 3 19%
9 5 56%
20 4 20%
30 3 10%
30
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. 52 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online