vancouverwest CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere451 condolistingsin VancouverW estin February,12% aboveJanuaryand 1.1% higherthan February2022. February condo salesincreased by 52% m onth-over-m onth,to96,and were55% below February 2022. Thesales-to-listing ratio forcondosin VancouverW est, at21% ,reflected aselers'm arket. Thecondom edian pricein Februarywas$802,500,a4% decreasefrom Januaryand 13% below February2022. Theaveragesold pricewas$940,827,0.6% abovelast m onth;theaveragePSF salepricewas$1,030,down 1.9% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 12% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 12% VS 2022
▼ 13% VS 2022
▲ 1.1% VS 2022
▼ 55% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 48% 214 446
% Change -12% -12% -13% -56% -55% 1.1%
No.
% Change
TOTALLISTINGS TOTALSALES
$1,030 $940,827 $802,500 21% 96 451
$1,050 $934,784 $833,000 16% 63 404
37% 52% 12%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-1.9% 0.6% -4%
$1,167 $1,064,078 $922,500
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
594
621
565
567
564
548
521
513
451
446
475
416
404
276
213
214
145
217
1
105
142 144
96
92
83
63
$923K $879K
$908K $858K $884K $859K
$849K $843K $856K $880K
$845K $833K $803K
VANCOUVERW EST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
100
100%
4+ bdrms
4
80
65%
60
8
3 bdrms
71
40
33%
29%
48
2 bdrms
18%
20
210
12%
6% 6%
0
40
<$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
1 1 100%
23 15 65%
96 32 33%
90 16 18%
66 19 29%
63 4 6%
70 4 6%
42 5 12%
166
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