vancouverregion CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 26% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 10% VS 2022
▼ 9% VS 2022
▲ 27% VS 2022
▼ 49% VS 2022
Therewere4,606 condolistingsin theVancouverRegion in February,6% aboveJanuaryand 27% higherthan February2022. February condo salesincreased by 58% m onth-over-m onth,to1,219,and were49% below February2022. Thesales-to-listing ratio forcondosin the Vancouver Region,at26% ,reflected aselers'm arket. Thecondom edian pricein Februarywas$630,000,a0% changefrom Januaryand 9% below February2022. Theaveragesold pricewas$719,034,3% abovelast m onth;theaveragePSF salepricewas$842,up 3% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
1,219 4,606
2,382 3,641
-8% -10% -9% -60% -49% 27%
18% 773 4,365
49% 58% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$842 $719,034 $630,000 26%
$916 $795,655 $695,000 65%
$814 $695,676 $630,000
3% 3% 0%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,394
5,592
5,275
5,676
5,499 5,526
5,232
4,606
4,101
4,704
4,365
4,138
3,641 3,16
2,055
1,732
2,382
2,242
1,310
1,274
1,121
1,219
1,418
1,172
925
773
$695K $685K $680K
$667K $650K $640K $645K $621K $635K $625K $625K $630K $630K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1200
42 1
4+ bdrms
1000
800
78
3 bdrms
600
539
38% 36%
400
29%
652
22%
2 bdrms
16%
2,536
200
10%
5% 6%
0
488
<$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
256 73 29%
1,160 446 38%
1,172 418 36%
710 158 22%
417 65 16%
271 26 10%
277 14 5%
343 19 6%
1,489
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