vancouverregion CONDO -MAY 2023
SALES TO LISTINGSRATIO 46% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 0.8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.4% VS 2022
▲ 1.2% VS 2022
▼ 9% VS 2022
▲ 10% VS 2022
Therewere4,923 condolistingsin theVancouverRegion in M ay,3% aboveApriland 9% lowerthan M ay2022.
M aycondosalesincreased by18% m onth-over-m onth,to 2,252,and were10% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the Vancouver Region,at46% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
2,252 4,923
2,055 5,394
0.8% 0.4% 1.2% 20% 10% -9%
1,902 4,769
15% 18% 3%
Thecondom edian pricein M aywas$675,000,a4% increasefrom Apriland 1.2% aboveM ay2022. Theaveragesold pricewas$762,260,3% abovelast m onth;theaveragePSF salepricewas$896,up 4% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$896 $762,260 $675,000 46%
$888 $758,955 $667,000 38%
$859 $737,164 $651,500 40%
4% 3% 4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,592
5,275
5,394
5,676
5,526
5,499
4,753
4,603
4,923
5,232
4,769
4,365
4,138
2,252
1,809
2,055
1,310
1,274
1,902
1,121
1,732
1,418
1,217
1,171
924
771
$667K $650K $640K $645K
$630K $630K $640K $652K $675K
$620K $635K $625K $625K
VancouverRegion REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1400
32 3
1200
4+ bdrms
1000
159
800
60%
3 bdrms
56%
538
50%
46%
600
35%
400
1,238
22%
2 bdrms
16%
2,713
11%
200
0
852
<$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
224 104 46%
1,164 698 60%
1,319 737 56%
814 404 50%
440 154 35%
293 64 22%
311 50 16%
358 41 11%
1,640
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