greatervancouverboard area CONDO -MARCH 2023
SALES TO LISTINGSRATIO 36% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 6% VS 2022
▼ 5% VS 2022
▲ 14% VS 2022
▼ 43% VS 2022
Therewere3,694 condolistingsin theG reater Vancouverboard areain M arch,5% aboveFebruaryand 14% higherthan M arch 2022. M arch condosalesincreased by42% m onth-over-m onth, to1,320,and were43% below M arch 2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at36% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,320 3,694
2,315 3,250
-50% -43% 14%
26% 932 3,531
0.6% 0.9% 4% 35% 42% 5%
Thecondom edian pricein M arch was$705,000,a4% increasefrom Februaryand 5% below M arch 2022. Theaveragesold pricewas$785,627,0.9% abovelast m onth;theaveragePSF salepricewas$919,up 0.6% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$919 $785,627 $705,000 36%
$969 $834,299 $740,000 71%
$913 $778,940 $680,000
-5% -6% -5%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,160
4,038
4,358
4,298
4,223
4,193
3,996
3,694
3,707
3,250
3,531
3,348
3,163
2,315
1,604
1,326
1,692
1,320
1,005
997
1,062
932
892
848
707
573
$740K
$735K $717K $698K $694K $690K
$670K $677K $680K $685K $690K $680K $705K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1000
2
4+ bdrms
41
800
94
600
3 bdrms
57%
483
49%
400
38%
31%
28%
709
2 bdrms
200
16%
1,931
11%
5%
0
515
<$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
117 36 31%
601 340 57%
983 481 49%
668 253 38%
415 115 28%
286 46 16%
294 32 11%
330 17 5%
1,239
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