vancouverwest CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 28% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,500condolistingsinVancouverWestin October,5%belowSeptemberand22%lowerthan October2020. Octobercondosalesincreasedby0.7% month-over-month,to420,andwere15%aboveOctober 2020. Thesales-to-listingratioforcondosinVancouverWest, at28%,reflectedaselers'market. ThecondomedianpriceinOctoberwas$829,000,a5% increasefromSeptemberand9%aboveOctober2020. Theaveragesoldpricewas$981,213,3%abovelast month;theaveragePSFsalepricewas$1,094,down 1.7%tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 6% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 1.9% VS2020
▲ 9% VS2020
▼ 22% VS2020
▲ 15% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
28% 420 1,500
19% 365 1,935
48% 15% -22%
26% 417 1,580
-1.7% 3% 5% 6% 0.7% -5%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$1,094 $981,213 $829,000
$1,113 $951,539 $790,000
$1,032 $961,983 $760,000
6% 2% 9%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,935
1,762
1,664
1,580
1,552
1,529
1,500
1,588
1,299
1,417
1,352
1,309
1,280
625
515
441
359
420
508
365
443
427 422
417
314
282
$829K
$818K
$790K
$780K
$770K
$775K
$775K
$760K
$765K
$753K
$757K
$743K
$735K
VANCOUVERWEST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
300
2
4+bdrms
250
20
200
30
3bdrms
52%
150
211
44%
37% 36%
100
29%
195
2bdrms
18%
764
50
10%
6%
0
193
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
14 4 29%
112 58 52%
295 130 44%
267 100 37%
179 64 36%
165 29 18%
191 19 10%
277 16 6%
505
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