vancouverregion CONDO -MARCH 2023
SALES TO LISTINGSRATIO 38% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere4,755 condolistingsin theVancouverRegion in M arch,3% aboveFebruaryand 16% higherthan M arch 2022. M arch condosalesincreased by49% m onth-over-m onth, to1,811,and were42% below M arch 2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 7% VS 2022
▲ 16% VS 2022
▼ 42% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the Vancouver Region,at38% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,811 4,755
3,116 4,101
-50% -42% 16%
1,217 4,604
44% 49% 3%
Thecondom edian pricein M arch was$640,000,a1.6% increasefrom Februaryand 7% below M arch 2022. Theaveragesold pricewas$716,483,0.4% below last m onth;theaveragePSF salepricewas$839,down 0.5% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$839 $716,483 $640,000 38%
$902 $773,954 $685,000 76%
$842 $719,242 $630,000 26%
-0.5% -0.4% 1.6%
-7% -7% -7%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,394
5,592
5,275
5,676
5,526
5,499
4,604
5,232
4,755
4,704
4,101
4,365
4,138
3,16
2,055
1,732
2,241
1,81
1,310
1,274
1,121
1,418
1,217
1,171
924
771
$685K $680K
$667K $650K $640K $645K
$620K $635K $625K $625K $630K $630K $640K
VancouverRegion REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1200
43 3
4+ bdrms
1000
800
120
3 bdrms
54%
561
600
46%
45%
38%
400
26%
1,017
2 bdrms
16%
2,555
200
12%
5%
0
671
<$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
254 115 45%
1,171 634 54%
1,246 574 46%
713 273 38%
438 116 26%
294 47 16%
299 35 12%
340 17 5%
1,596
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