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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