westvancouver CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 11% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere85 condolistingsin W estVancouverin February,16% aboveJanuaryand 118% higherthan February2022. February condo salesrem ained thesam e m onth-over-m onth,at9,and were50% below February 2022. Thesales-to-listing ratio forcondosin W estVancouver, at11% ,reflected abuyers'm arket. Thecondom edian pricein Februarywas$1,050,000,a 12% decreasefrom Januaryand 4% aboveFebruary2022. Theaveragesold pricewas$1,223,322,6% abovelast m onth;theaveragePSF salepricewas$1,127,up 7% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▲ 4% VS 2022
▲ 118% VS 2022
▼ 50% VS 2022
THISMONTH No. $1,127 $1,223,322 $1,050,000 11% 9 85
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
18 39
-77% -50% 118%
$1,049 $1,156,944 $1,199,600 12% 9 73
-12% -14% 0% 16%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,074 $1,309,267 $1,011,500 46%
5% -7% 4%
7% 6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
99
95 96
107
103
89
85
88
88
73
67
46
39
21
20 20
16
18
10
9
9
9
14
13
10
1
$1.40M
$1.25M
$1.24M $1.17M
$1.20M
$1.18M
$1.05M
$1.01M
$948K $930K
$928K
$854K
$755K
W ESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
25
100%+
4+ bdrms
20
15
3 bdrms
15
10
27%
6
2 bdrms
5
14%
53
11%
8%
0
3
<$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 2 200%
11 0 n/a
7 1 14%
11 3 27%
9 1 11%
20 0 n/a
8%
17
26 2
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