vancouverwest CONDO -MARCH 2023
SALES TO LISTINGSRATIO 36% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere446 condolistingsin VancouverW estin M arch,1.1% below Februaryand 6% lowerthan M arch 2022. M arch condosalesincreased by66% m onth-over-m onth, to159,and were42% below M arch 2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 4% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 2.0% VS 2022
▼ 1.5% VS 2022
▼ 6% VS 2022
▼ 42% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 58% 276 475
% Change
No.
% Change
Thesales-to-listing ratio forcondosin VancouverW est, at36% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
36% 159 446
-4% -2% -1.5% -39% -42% -6%
$1,030 $940,827 $802,500 21% 96 451
67% 66% -1.1%
Thecondom edian pricein M arch was$866,000,a8% increasefrom Februaryand 1.5% below M arch 2022. Theaveragesold pricewas$973,582,3% abovelast m onth;theaveragePSF salepricewas$1,095,up 6% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,095 $973,582 $866,000
6% 3% 8%
$1,146 $993,125 $879,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
594
621
565
567
564
548
451
521
475
513
446
416
404
276
213
145
217
159
1
105
142 144
96
92
83
63
$908K $858K $884K $859K $849K
$879K
$880K $845K $833K
$843K $856K
$803K $866K
VANCOUVERW EST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
100
4+ bdrms
80
5
76%
60
13
57%
3 bdrms
72
48%
40
38%
72
2 bdrms
20
17% 16%
212
12%
0
74
<$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
0 1 n/a
21 16 76%
86 49 57%
91 35 38%
60 29 48%
71 12 17%
75 12 16%
42 5 12%
157
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