vancouverwest CONDO -AUGUST 2023
SALES TO LISTINGSRATIO 29% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 0.2% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2022
▲ 2% VS 2022
▲ 3% VS 2022
▲ 7% VS 2022
Therewere539 condolistingsin VancouverW estin August,3% below Julyand 3% higherthan August2022.
Augustcondosalesdecreased by8% m onth-over-m onth, to155,and were7% aboveAugust2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 28% 145 521
% Change
No. 30% 169 558
% Change
Thesales-to-listing ratio forcondosin VancouverW est, at29% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
29% 155 539
-0.2% 5% 2% 3% 7% 3%
-1.4% -2% -6% -5% -8% -3%
Thecondom edian pricein Augustwas$870,000,a6% decreasefrom Julyand 2% aboveAugust2022. Theaveragesold pricewas$1,028,287,2% below last m onth;theaveragePSF salepricewas$1,148,down 1.4% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,148 $1,028,287 $870,000
$1,164 $1,049,875 $925,000
$1,151 $979,301 $849,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
516
539
564 567
558
521
548
451
470
452
446
416
404
225
203
157
155
1
145
105
169
155
96
92
82
63
$910K $925K $870K
$866K
$849K $843K $856K $880K
$845K $833K $803K
$850K $900K
VANCOUVERW EST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
100%
100
4+ bdrms
4
80%
80
13
3 bdrms
60
85
45%
40
33% 35%
74
2 bdrms
17%
276
20
13%
11%
0
68
<$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 1 100%
15 12 80%
112 50 45%
97 32 33%
80 28 35%
79 10 13%
90 15 17%
65 7 11%
174
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