vancouverregion CONDO -APRIL 2023
SALES TO LISTINGSRATIO 40% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere4,770 condolistingsin theVancouverRegion in April,0.3% aboveM arch and 1.4% higherthan April 2022. Aprilcondosalesincreased by5% m onth-over-m onth,to 1,903,and were15% below April2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 6% VS 2022
▼ 4% VS 2022
▲ 1.4% VS 2022
▼ 15% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the Vancouver Region,at40% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,903 4,770
2,241 4,704
-16% -15% 1.4%
1,810 4,755
2% 3% 1.9% 5% 5% 0.3%
Thecondom edian pricein Aprilwas$652,000,a1.9% increasefrom M arch and 4% below April2022. Theaveragesold pricewas$737,130,3% abovelast m onth;theaveragePSF salepricewas$859,up 2% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$859 $737,130 $652,000 40%
$910 $784,101 $680,000 48%
$838 $716,293 $640,000 38%
-6% -6% -4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,394
5,275
5,676
5,592
5,526
5,499
4,755
4,604
5,232
4,770
4,704
4,365
4,138
2,055
2,241
1,810
1,903
1,310
1,274
1,121
1,732
1,418
1,217
1,171
924
771
$680K $667K $650K $640K $645K
$620K $635K $625K $625K $630K $630K $640K $652K
VancouverRegion REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1200
38 5
4+ bdrms
1000
800
148
3 bdrms
57%
567
49%
49%
600
36%
30%
400
1,035
24%
2 bdrms
2,585
200
10%
7%
0
715
<$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
238 116 49%
1,108 627 57%
1,270 625 49%
783 280 36%
437 130 30%
276 67 24%
306 32 10%
352 26 7%
1,580
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