greatervancouverboard area CONDO -JUNE 2023
SALES TO LISTINGSRATIO 40% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▲ 4% VS 2022
▼ 10% VS 2022
▲ 19% VS 2022
Therewere3,931 condolistingsin theG reater Vancouverboard areain June,5% aboveM ayand 10% lowerthan June2022. Junecondo salesdecreased by9% m onth-over-m onth,to 1,576,and were19% aboveJune2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at40% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,576 3,931
1,325 4,358
32% 19% -10%
1,735 3,735
-0.2% -1.1% -0.4% -14% -9% 5%
Thecondom edian pricein Junewas$725,000,a0.4% decreasefrom M ayand 4% aboveJune2022. Theaveragesold pricewas$814,206,1.1% below last m onth;theaveragePSF salepricewas$965,down 0.2% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$965 $814,206 $725,000 40%
$916 $785,434 $698,000 30%
$968 $823,415 $728,000 46%
5% 4% 4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 202 ● JUN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,358
4,038
4,298
3,693
4,223
4,193
3,931
3,996
3,735
3,707
3,530
3,348
3,163
1,735
1,318
1,576
1,325
1,005
997
1,413
1,062
932
892
848
707
573
$698K $694K $690K $670K $677K
$680K $685K $690K $680K $705K $720K $728K $725K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1000
32 1
4+ bdrms
800
66%
103
600
3 bdrms
55%
492
40%
40%
400
31%
812
2 bdrms
20%
200
2,121
10% 9%
0
660
<$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
97 39 40%
555 366 66%
1,061 583 55%
820 332 40%
425 133 31%
316 63 20%
304 29 10%
353 31 9%
1,286
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