vancouverdowntown CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 16% BALANCEDMARKET
▶ MARKETSUMMARY Therewere714 condolistingsin VancouverD owntown in February,1.3% aboveJanuaryand 8% higherthan February2022. February condo salesincreased by 29% m onth-over-m onth,to 111,and were60% below February2022. Thesales-to-listing ratio forcondosin Vancouver D owntown,at16%,reflected abalanced m arket. Thecondom edian pricein Februarywas$767,500,a3% decreasefrom Januaryand 9% below February2022. Theaveragesold pricewas$1,101,550,19% abovelast m onth;theaveragePSF salepricewas$1,141,up 5% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 4% VS 2022
▼ 9% VS 2022
▲ 8% VS 2022
▼ 60% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 42% 277 663
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
16% 111 714
-63% -60% 8%
$1,085 $928,025 $792,500 12% 86 705
5% 19% -3% 27% 29% 1.3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,141 $1,101,550 $767,500
$1,228 $1,152,784 $845,000
-7% -4% -9%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
862
826
907
887
884
879
870
744
705
81
714
663
688
321
277
250
138
124
120
107
216
180
1
151
122
86
$845K $849K $851K
$800K $777K $805K $785K $784K
$780K $793K $768K
$775K $717K
VANCOUVERDOWN. REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
200
1
4+ bdrms
14
150
5
3 bdrms
92
100
40% 37%
38
50
2 bdrms
20%
20%
17%
378
9%
7%
3%
0
67
<$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
15 3 20%
43 17 40%
105 39 37%
106 21 20%
72 12 17%
74 7 9%
90 6 7%
209 6 3%
230
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