vancouverdowntown CONDO -MAY 2023
SALES TO LISTINGSRATIO 27% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 14% VS 2022
▲ 5% VS 2022
▼ 6% VS 2022
▲ 3% VS 2022
Therewere836 condolistingsin VancouverD owntown in M ay,8% aboveApriland 6% lowerthan M ay2022.
M aycondosalesincreased by20% m onth-over-m onth,to 222,and were3% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 24% 216 887
% Change
No. 24% 185 775
% Change
Thesales-to-listing ratio forcondosin Vancouver D ow ntow n,at27% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
27% 222 836
3% 14% 5% 9% 3% -6%
11% 20% 8%
Thecondom edian pricein M aywas$840,000,a5% increasefrom Apriland 5% aboveM ay2022. Theaveragesold pricewas$1,115,975,8% abovelast m onth;theaveragePSF salepricewas$1,215,up 7% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,215 $1,115,975 $840,000
$1,137 $1,032,503 $800,000
7% 8% 5%
$1,177 $979,299 $799,950
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
862
887
907
782
836
884
879
870
705
81
775
713
688
222
216
155
138
124
120
107
185
180
151
122
10
85
$820K $800K $840K
$800K $777K $805K $785K $784K $775K
$780K $790K $769K
$717K
VANCOUVERDOWN. REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
200
4+ bdrms
13
150
15
3 bdrms
53%
108
100
43%
40%
33%
30%
91
50
2 bdrms
401
13% 12% 12%
0
116
<$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
15 5 33%
60 32 53%
148 64 43%
123 37 30%
87 35 40%
83 11 13%
113 14 12%
207 24 12%
314
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. 47 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online