vancouverwest CONDO -MAY 2023
SALES TO LISTINGSRATIO 48% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 0.1% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 4% VS 2022
▲ 5% VS 2022
▼ 17% VS 2022
▲ 6% VS 2022
Therewere470 condolistingsin VancouverW estin M ay, 4% aboveApriland 17% lowerthan M ay2022.
M aycondosalesincreased by45% m onth-over-m onth,to 225,and were6% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 38% 213 565
% Change
No. 34% 155 452
% Change
Thesales-to-listing ratio forcondosin VancouverW est, at48% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
48% 225 470
-0.1% -4% 5% 27% 6% -17%
40% 45% 4%
Thecondom edian pricein M aywas$900,000,a6% increasefrom Apriland 5% aboveM ay2022. Theaveragesold pricewas$994,921,5% abovelast m onth;theaveragePSF salepricewas$1,148,up 4% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,148 $994,921 $900,000
$1,102 $950,828 $850,000
4% 5% 6%
$1,148 $1,036,259 $858,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
594
621
567
564
548
565
451
521
470
452
446
416
404
225
213
158
145
1
105
155
144
142
96
92
83
63
$867K $850K $900K
$858K $884K $859K $849K $843K $856K $880K
$845K $833K $803K
VANCOUVERW EST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
100%+
80
4+ bdrms
3
84%
60
16
61%
3 bdrms
76
50%
40
30%
109
2 bdrms
20
19%
250
11%
0
100
<$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
1 0 n/a
10 17 170%
90 55 61%
87 73 84%
72 36 50%
76 23 30%
79 15 19%
55 6 11%
141
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