vancouverdowntown CONDO -MARCH 2023
SALES TO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY Therewere781 condolistingsin VancouverD owntown in M arch,10% aboveFebruaryand 5% higherthan M arch 2022. M arch condosalesincreased by41% m onth-over-m onth, to155,and were52% below M arch 2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 12% VS 2022
TOTALLISTINGS
MEDIAN PRICE
SALES
▼ 19% VS 2022
▼ 3% VS 2022
▲ 5% VS 2022
▼ 52% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 43% 321 744
% Change
No. 15% 110 713
% Change
Thesales-to-listing ratio forcondosin Vancouver D owntown,at20%,reflected abalanced m arket.
TOTALLISTINGS TOTALSALES
20% 155 781
-12% -19% -3% -54% -52% 5%
-3% -15% 7% 29% 41% 10%
Thecondom edian pricein M arch was$820,000,a7% increasefrom Februaryand 3% below M arch 2022. Theaveragesold pricewas$940,027,15% below last m onth;theaveragePSF salepricewas$1,112,down 3% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,112 $940,027 $820,000
$1,144 $1,107,100 $768,750
$1,262 $1,159,748 $848,900
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
862
826
907
887
884
879
870
781
705
81
744
713
688
321
250
138
124
120
107
216
155
180
151
122
10
85
$849K $851K
$800K $777K $805K $785K $784K $775K
$780K $790K $769K $820K
$717K
VANCOUVERDOWN. REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
200
1
4+ bdrms
14
150
7
3 bdrms
101
100
46%
37%
32%
71
50
21% 18%
2 bdrms
386
11%
8%
3%
0
76
<$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
18 2 11%
50 23 46%
134 50 37%
110 35 32%
78 16 21%
82 15 18%
102 8 8%
207 6 3%
280
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