greatervancouverboard area CONDO -JULY 2023
SALES TO LISTINGSRATIO 31% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 4% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 2% VS 2022
▲ 4% VS 2022
▼ 4% VS 2022
▲ 21% VS 2022
Therewere4,118 condolistingsin theG reater Vancouverboard areain July,5% aboveJuneand 4% lowerthan July2022. Julycondosalesdecreased by18% m onth-over-m onth,to 1,286,and were21% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at31% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,286 4,118
1,062 4,298
26% 21% -4%
1,575 3,929
-1.2% -0.1% 0% -22% -18% 5%
Thecondom edian pricein Julywas$725,000,a0% changefrom Juneand 4% aboveJuly2022. Theaveragesold pricewas$813,851,0.1% below last m onth;theaveragePSF salepricewas$954,down 1.2% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$954 $813,851 $725,000 31%
$915 $797,033 $694,000 25%
$965 $814,287 $725,000 40%
4% 2% 4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 202 ● JUL 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,298
4,038
4,18
3,693
4,193 4,223
3,996
3,929
3,735
3,707
3,530
3,348
3,163
1,735
1,575
1,317
1,286
1,005
997
1,413
1,062
932
892
848
706
573
$694K $690K $670K $677K
$680K $685K $690K $680K $705K $720K $728K $725K $725K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1200
30 4
4+ bdrms
1000
800
86
3 bdrms
600
517
49%
43%
39%
400
32%
672
26%
2 bdrms
19%
2,222
200
11%
6%
0
524
<$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
88 34 39%
584 287 49%
1,133 486 43%
897 235 26%
406 129 32%
305 58 19%
327 36 11%
378 21 6%
1,349
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