westvancouver CONDO -MAY 2023
SALES TO LISTINGSRATIO 31% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 12% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 27% VS 2022
▲ 29% VS 2022
▲ 4% VS 2022
▲ 45% VS 2022
Therewere93 condolistingsin W estVancouverin M ay, 7% below Apriland 4% higherthan M ay2022.
M aycondosalesincreased by53% m onth-over-m onth,to 29,and were45% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin W estVancouver, at31% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
29 93
20 89
12% 27% 29% 39% 45% 4%
$1,059 $1,458,311 $1,450,000 19% 19 100
7% -3% -17% 64% 53% -7%
Thecondom edian pricein M aywas$1,200,000,a17% decreasefrom Apriland 29% aboveM ay2022. Theaveragesold pricewas$1,412,669,3% below last m onth;theaveragePSF salepricewas$1,137,up 7% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,137 $1,412,669 $1,200,000 31%
$1,013 $1,114,025 $927,500 22%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
100
99
97
96
95
107
103
93
89
88
88
85
73
29
22
21
20
16
20
10
9 9
19
13
10
1
$1.45M
$1.40M
$1.24M $1.17M
$1.20M
$1.20M
$1.18M
$1.05M $994K
$948K $930K
$928K
$854K
W ESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
25
100%
4+ bdrms
20
67%
15
3
3 bdrms
13
10
31%
29%
27%
21
23%
2 bdrms
20%
5
53
0
5
<$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
3 3 100%
6 4 67%
13 3 23%
16 5 31%
11 3 27%
20 4 20%
24 7 29%
27
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