vancouverwest CONDO -DECEMBER 202
SALESTO LISTINGSRATIO 20% BALANCEDM ARKET
▶ MARKETSUMMARY Therewere417 condolistingsin VancouverW estin D ecem ber,24% below N ovem berand 5% higherthan D ecem ber2021. D ecem bercondo salesdecreased by 21% m onth-over-m onth,to83,and were50% below D ecem ber2021. Thesales-to-listing ratio forcondosin VancouverW est, at20% ,reflected abalanced m arket. Thecondom edian pricein D ecem berwas$845,000,a 4% decreasefrom N ovem berand 6% below D ecem ber 2021. Theaveragesold pricewas$983,983,4% below last m onth;theaveragePSF salepricewas$1,038,down 1.8% tolastm onth.
AVERAGEPRICE
AVERAGE PSFPRICE ▼ 4% VS2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 0.4% VS2021
▼ 6% VS2021
▲ 5% VS2021
▼ 50% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 42% 167 398
%Change
No. 19% 105 549
%Change
TOTALLISTINGS TOTALSALES
$1,038 $983,983 $845,000 20% 83 417
-4% -0.4% -6% -53% -50% 5%
-1.8% -4% -4% 4% -21% -24%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,056 $1,020,720 $880,000
$1,085 $988,366 $899,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2021 ● DEC 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
594
621
568
565
565
549
521
513
427
475
446
398
417
276
213
145
217
214
167
1
105
145
144
142
83
92
$899K $890K $923K $879K $908K
$858K $884K $859K $849K $843K $856K $880K $845K
VANCOUVERW EST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
2
100%
4+bdrms
5
60
7
3bdrms
55%
70
40
33%
30%
40
20
2bdrms
16%
228
10% 8%
5%
0
34
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2bdrms
S-LRATIO SALES INVENTORY
1 1 100%
22 12 55%
66 22 33%
80 24 30%
57 9 16%
69 7 10%
66 5 8%
5%
114
56 3
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