vancouvereast CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 32% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere311 condolistingsin VancouverEastin February,1.6% below Januaryand 3% lowerthan February2022. February condo salesincreased by 77% m onth-over-m onth,to 101,and were47% below February2022. Thesales-to-listing ratio forcondosin VancouverEast,at 32% ,reflected aselers'm arket. Thecondom edian pricein Februarywas$610,000,a5% decreasefrom Januaryand 14% below February2022. Theaveragesold pricewas$655,912,3% below last m onth;theaveragePSF salepricewas$963,up 5% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 4% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 15% VS 2022
▼ 14% VS 2022
▼ 3% VS 2022
▼ 47% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 60% 191 319
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
32% 101 311
-4% -15% -14% -46% -47% -3%
$915 $676,535 $645,000 18% 57 316
80% 77% -1.6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$963 $655,912 $610,000
5% -3% -5%
$1,002 $767,296 $708,800
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
381
365
399
392 394
371
368
316
355
319
31
240 328
290
170
191
139
178
103
101
101
89
84
77
57 57
$709K $680K $686K $670K $680K $685K
$616K $613K $655K $616K $650K $645K $610K
VANCOUVEREAST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
100
4+ bdrms
3
80
60
2
59%
3 bdrms
31
40
37%
39
25%
22%
2 bdrms
20
130
11%
6%
0
60
<$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
4 1 25%
76 45 59%
97 36 37%
74 16 22%
31 2 6%
9 1 11%
12 0 n/a
8 0 n/a
147
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