vancouverregion CONDO -AUGUST 2023
SALES TO LISTINGSRATIO 32% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere5,265 condolistingsin theVancouverRegion in August,3% below Julyand 0.6% higherthan August 2022. Augustcondosalesdecreased by3% m onth-over-m onth, to1,691,and were29% aboveAugust2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.7% VS 2022
▲ 4% VS 2022
▲ 0.6% VS 2022
▲ 29% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the Vancouver Region,at32% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,691 5,265
1,310 5,232
3% 1.7% 4% 28% 29% 0.6%
1,745 5,405
-3% -3%
Thecondom edian pricein Augustwas$670,000,a1.5% increasefrom Julyand 4% aboveAugust2022. Theaveragesold pricewas$744,574,0.3% below last m onth;theaveragePSF salepricewas$885,up 0.7% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$885 $744,574 $670,000 32%
$862 $731,782 $645,000 25%
$879 $746,905 $660,000 32%
0.7% -0.3% 1.5% -0.5%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,275
5,201
5,265
5,232
5,499 5,526
4,753
5,405
4,603
4,925
4,769
4,365
4,138
2,251
2,142
1,808
1,691
1,274
1,900
1,121
1,745
1,310
1,217
1,171
923
770
$675K $665K $660K $670K
$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
1600
33 2
1400
4+ bdrms
1200
1000
106
3 bdrms
800
578
42% 42%
600
39%
29% 27%
942
400
2 bdrms
2,902
13% 11%
200
6%
0
641
<$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
191 74 39%
1,223 516 42%
1,487 623 42%
906 264 29%
432 118 27%
310 39 13%
323 34 11%
393 23 6%
1,752
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