vancouverregion CONDO -OCTOBER 202
SALES TO LISTINGSRATIO 23% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere5,500 condolistingsin theVancouverRegion in O ctober,0.5% aboveSeptem berand 19% higherthan October2021. O ctobercondosalesincreased by9% m onth-over-m onth, to1,277,and were46% below October2021.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2021
▲ 4% VS 2021
▲ 19% VS 2021
▼ 46% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the Vancouver Region,at23% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,277 5,500
2,363 4,617
-55% -46% 19%
1,174 5,473
-0.5% 3% 2% 8% 9% 0.5%
Thecondom edian pricein Octoberwas$635,000,a2% increasefrom Septem berand 4% aboveO ctober2021. Theaveragesold pricewas$714,021,3% abovelast m onth;theaveragePSF salepricewas$832,down 0.5% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$832 $714,021 $635,000 23%
$789 $688,875 $608,000 51%
$836 $695,092 $620,950 21%
5% 4% 4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2021 ● OCT 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,368
5,500
5,647
5,561
5,473
5,205
4,617
4,077
4,072
4,682
3,620
3,16
2,441
2,966
2,769
2,055
2,363
2,382
2,244
2,007
1,310
1,730
1,733
1,277
1,418
1,174
$680K $667K $650K $640K $645K
$672K $695K $685K
$621K $635K
$608K $620K $628K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1600
43 2
1400
4+ bdrms
1200
1000
70
3 bdrms
800
606
600
34%
28%
28%
692
400
21%
2 bdrms
3,143
14% 11%
200
7%
3%
0
513
<$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
314 89 28%
1,346 461 34%
1,507 418 28%
869 181 21%
412 56 14%
328 36 11%
308 22 7%
416 14 3%
1,708
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