vancouverregion CONDO -JUNE 2023
SALES TO LISTINGSRATIO 41% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 2% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.0% VS 2022
▲ 2% VS 2022
▼ 8% VS 2022
▲ 24% VS 2022
Therewere5,203 condolistingsin theVancouverRegion in June,6% aboveM ayand 8% lowerthan June2022.
Junecondo salesdecreased by5% m onth-over-m onth,to 2,146,and were24% aboveJune2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the Vancouver Region,at41% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
2,146 5,203
1,731 5,676
35% 24% -8%
2,252 4,924
-1.1% -2% -1.5% -10% -5% 6%
Thecondom edian pricein Junewas$665,000,a1.5% decreasefrom M ayand 2% aboveJune2022. Theaveragesold pricewas$744,569,2% below last m onth;theaveragePSF salepricewas$885,down 1.1% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$885 $744,569 $665,000 41%
$864 $736,875 $650,000 30%
$896 $762,260 $675,000 46%
2% 1% 2%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 202 ● JUN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,676
5,275
5,592
5,203
5,526
5,499
4,753
4,603
5,232
4,924
4,769
4,365
4,138
2,252
1,809
2,146
1,731
1,310
1,274
1,900
1,121
1,418
1,217
1,171
924
771
$675K $665K
$650K $640K $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
1500
35 1
4+ bdrms
1000
122
59%
3 bdrms
576
50%
49%
39%
500
32%
1,172
2 bdrms
20%
2,870
10% 9%
0
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
851
S-L RATIO SALES INVENTORY
216 106 49%
1,186 698 59%
1,452 720 50%
895 353 39%
445 142 32%
328 64 20%
316 31 10%
365 32 9%
<2 bdrms
1,722
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