the rennie review | September 2023

westvancouver CONDO -AUGUST 2023

SALES TO LISTINGSRATIO 19% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 5% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 31% VS 2022

▼ 25% VS 2022

▲ 3% VS 2022

▼ 19% VS 2022

Therewere91 condolistingsin W estVancouverin August,5% below Julyand 3% higherthan August2022. Augustcondosalesdecreased by26% m onth-over-m onth,to17,and were19% below August 2022. Thesales-to-listing ratio forcondosin W estVancouver, at19% ,reflected abalanced m arket. Thecondom edian pricein Augustwas$1,050,000,a 24% decreasefrom Julyand 25% below August2022. Theaveragesold pricewas$1,411,929,11% below last m onth;theaveragePSF salepricewas$1,278,up 0.9% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

17 91

21 88

-5% -31% -25% -22% -19% 3%

23 96

0.9% -11% -24% -22% -26% -5%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$1,278 $1,411,929 $1,050,000 19%

$1,340 $2,055,733 $1,400,000 24%

$1,266 $1,585,412 $1,375,000 24%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

100

100

99

97

96

107

103

91

88

93

88

85

73

29

23

22

16

21

10

17

9 9

22

19

10

1

$1.45M

$1.40M

$1.38M

$1.20M

$1.20M

$1.18M

$1.05M $994K

$1.05M

$987K

$948K $930K

$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

1

25

20

2

63%

3 bdrms

12

15

42%

10

10

2 bdrms

56

13%

5

13%

10%

0

5

<$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 0 n/a

8 5 63%

9 0 n/a

12 5 42%

8 1 13%

21 2 10%

30 4 13%

22

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