greatervancouverboard area CONDO -AUGUST 2023
SALES TO LISTINGSRATIO 33% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.9% VS 2022
▲ 4% VS 2022
▼ 1.8% VS 2022
▲ 27% VS 2022
Therewere3,923 condolistingsin theG reater Vancouverboard areain August,5% below Julyand 1.8% lowerthan August2022. Augustcondosalesdecreased by0.6% m onth-over-m onth,to 1,277,and were27% above August2022. Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at33% ,reflected aselers'm arket. Thecondom edian pricein Augustwas$721,000,a0.6% decreasefrom Julyand 4% aboveAugust2022. Theaveragesold pricewas$805,321,1.1% below last m onth;theaveragePSF salepricewas$953,down 0.2% tolastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
1,277 3,923
1,005 3,996
3% 1.9% 4% 29% 27% -1.8%
1,285 4,118
-0.2% -1.1% -0.6% 4% -0.6% -5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$953 $805,321 $721,000 33%
$929 $790,221 $690,000 25%
$954 $813,989 $725,000 31%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,038
3,996
4,223
3,693
4,193
3,923
4,18
3,929
3,735
3,707
3,530
3,348
3,163
1,734
1,573
1,317
997
1,277
1,413
1,285
1,005
932
892
848 706
572
$729K $726K $725K $721K
$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
30 2
1000
4+ bdrms
800
83
600
3 bdrms
54%
487
47%
400
33%
30% 27%
684
2 bdrms
200
2,111
13% 11%
6%
0
508
<$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
84 28 33%
543 292 54%
1,076 501 47%
818 248 30%
411 113 27%
297 39 13%
313 33 11%
381 23 6%
1,295
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