westvancouver CONDO -MARCH 2023
SALES TO LISTINGSRATIO 23% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 13% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 25% VS 2022
▲ 32% VS 2022
▲ 111% VS 2022
▲ 144% VS 2022
Therewere97 condolistingsin W estVancouverin M arch,14% aboveFebruaryand 111% higherthan M arch 2022. M arch condo salesincreased by 144% m onth-over-m onth,to 22,and were144% aboveM arch 2022. Thesales-to-listing ratio forcondosin W estVancouver, at23% ,reflected aselers'm arket. Thecondom edian pricein M arch was$993,950,a5% decreasefrom Februaryand 32% aboveM arch 2022. Theaveragesold pricewas$1,319,411,8% abovelast m onth;theaveragePSF salepricewas$1,076,down 5% tolastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
22 97
$953 $1,055,500 $755,000 20% 9 46
144% 111%
$1,127 $1,223,322 $1,050,000 11% 9 85
114% 144% 14%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,076 $1,319,411 $993,950 23%
13% 25% 32% 16%
-5% 8% -5%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
99
95 96
107
97
103
89
88
88
85
73
67
46
22
21
20 20
16
10
9 9
9
14
13
10
1
$1.40M
$1.25M
$1.24M $1.17M
$1.20M
$1.18M
$1.05M $994K
$948K $930K
$928K
$854K
$755K
W ESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
30
100%+
25
4+ bdrms
1
20
1
3 bdrms
15
14
10
32%
15
2 bdrms
18%
58
5
7%
7%
0
6
<$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
2 0 n/a
11 2 18%
7 9 129%
14 1 7%
13 0 n/a
22 7 32%
7%
24
28 2
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