greatervancouverboard area CONDO -MAY 2023
SALES TO LISTINGSRATIO 46% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 1.9% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.1% VS 2022
▲ 1.5% VS 2022
▼ 10% VS 2022
▲ 8% VS 2022
Therewere3,734 condolistingsin theG reater Vancouverboard areain M ay,0.7% aboveApriland 10% lowerthan M ay2022. M aycondosalesincreased by23% m onth-over-m onth,to 1,735,and were8% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at46% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,735 3,734
1,604 4,160
1.9% 1.1% 1.5% 21% 8% -10%
1,415 3,707
3% 2% 1.1% 22% 23% 0.7%
Thecondom edian pricein M aywas$728,000,a1.1% increasefrom Apriland 1.5% aboveM ay2022. Theaveragesold pricewas$823,415,2% abovelast m onth;theaveragePSF salepricewas$968,up 3% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$968 $823,415 $728,000 46%
$950 $814,075 $716,950 39%
$936 $803,547 $719,900 38%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,038
4,160 4,358
4,298
3,693
4,223
4,193
3,996
3,734
3,707
3,530
3,348
3,163
1,735
1,604
1,318
1,005
997
1,415
1,326
1,062
932
892
848
707
573
$717K $698K $694K $690K $670K $677K
$680K $685K $690K $680K $705K $720K $728K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1000
29 2
4+ bdrms
800
74%
126
600
62%
3 bdrms
476
50%
43%
400
36%
916
22%
2 bdrms
200
16%
2,005
12%
0
691
<$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
95 41 43%
546 402 74%
991 615 62%
749 377 50%
418 150 36%
286 62 22%
301 47 16%
348 41 12%
1,224
Copyright© June5,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune5,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 10 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online