vancouverregion CONDO -AUGUST 202
SALES TO LISTINGSRATIO 25% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere5,203 condolistingsin theVancouverRegion in August,6% below Julyand 2.0% higherthan August 2021. Augustcondosalesdecreased by8% m onth-over-m onth, to1,312,and were41% below August2021.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 9% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 9% VS 2021
▲ 9% VS 2021
▲ 2.0% VS 2021
▼ 41% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the Vancouver Region,at25% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,312 5,203
2,230 5,103
-42% -41% 2%
1,419 5,559
-8% -6%
Thecondom edian pricein Augustwas$645,000,a0.8% increasefrom Julyand 9% aboveAugust2021. Theaveragesold pricewas$731,293,0.7% below last m onth;theaveragePSF salepricewas$862,up 1.4% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$862 $731,293 $645,000 25%
$791 $672,418 $590,000 44%
$850 $736,458 $640,000 26%
1.4% -0.7% 0.8% -1.2%
9% 9% 9%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2021 ● AUG 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,367
5,559
5,302
5,646
5,203
5,103
4,076
4,072
4,681
4,617
3,620
3,16
2,441
2,363
2,966
2,769
2,055
2,230
2,382
2,244
2,192
2,007
1,731
1,733
1,312
1,419
$685K $680K $667K $650K
$671K $695K
$640K $645K
$590K $598K $608K $620K $628K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1600
1400
45 3
4+ bdrms
1200
1000
79
3 bdrms
800
596
600
40%
29%
29%
708
400
21%
2 bdrms
15%
2,970
12%
200
7% 6%
0
522
<$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
264 76 29%
1,233 490 40%
1,461 422 29%
853 182 21%
407 63 15%
298 36 12%
317 21 7%
370 22 6%
1,592
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