greatervancouverboard area CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 26% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 8% VS 2022
▼ 7% VS 2022
▲ 23% VS 2022
▼ 50% VS 2022
Therewere3,534 condolistingsin theG reater Vancouverboard areain February,6% aboveJanuaryand 23% higherthan February2022. February condo salesincreased by 62% m onth-over-m onth,to 933,and were50% below February2022. Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at26% ,reflected aselers'm arket. Thecondom edian pricein Februarywas$680,000,a 1.4% decreasefrom Januaryand 7% below February 2022. Theaveragesold pricewas$778,632,3% abovelast m onth;theaveragePSF salepricewas$913,up 3% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
26% 933 3,534
1,864 2,875
-59% -50% 23%
17% 575 3,348
54% 62% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$968 $847,474 $735,000 65%
$913 $778,632 $680,000
$890 $758,855 $690,000
3% 3% -1.4%
-6% -8% -7%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,160
4,038
4,358
4,298
4,223
4,193
3,996
3,534
3,707
3,348
3,250
2,875
3,163
2,315
1,864
1,604
1,326
1,692
1,005
997
933
1,062
893
848
708
575
$735K $740K $735K
$717K $698K $694K $690K $670K $677K $680K $685K $690K $680K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1000
1
4+ bdrms
800
38
600
64
3 bdrms
466
49%
400
39%
477
23%
22%
2 bdrms
200
16%
1,879
10%
5% 6%
0
391
<$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
120 27 23%
572 279 49%
914 358 39%
666 148 22%
393 63 16%
263 25 10%
273 14 5%
333 19 6%
1,151
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