vancouverwest CONDO -OCTOBER 202
SALES TO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY Therewere568 condolistingsin VancouverW estin O ctober,0.5% aboveSeptem berand 6% lowerthan October2021. O ctobercondosalesincreased by21% m onth-over-m onth,to 111,and were47% below O ctober 2021. Thesales-to-listing ratio forcondosin VancouverW est, at20% ,reflected abalanced m arket. Thecondom edian pricein Octoberwas$856,000,a1.5% increasefrom Septem berand 0.5% below O ctober2021. Theaveragesold pricewas$976,621,3% abovelast m onth;theaveragePSF salepricewas$1,091,down 1.9% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 1.7% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.5% VS 2021
▼ 0.5% VS 2021
▼ 6% VS 2021
▼ 47% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 35% 209 602
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
20% 111 568
1.7% -1.5% -0.5% -44% -47% -6%
$1,112 $948,172 $843,150 16% 92 565
-1.9% 3% 1.5% 20% 21% 0.5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,091 $976,621 $856,000
$1,073 $991,439 $860,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2021 ● OCT 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
594
621
565
565
602
552
568
521
513
427
475
446
398
276
213
195
209
145
217
214
167
1
145
144
142
92
$923K $879K
$908K $858K $884K $859K
$860K $865K $899K $890K
$849K $843K $856K
VANCOUVERW EST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
4+ bdrms
100
8
80
8
3 bdrms
60
94
42%
40
31%
28%
57
22%
2 bdrms
304
20
10% 8%
5%
0
46
<$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
31 13 42%
98 30 31%
117 26 22%
78 22 28%
96 10 10%
75 6 8%
5%
162
73 4
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