vancouverwest CONDO -JULY 2023
SALES TO LISTINGSRATIO 30% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 9% VS 2022
▲ 8% VS 2022
▼ 6% VS 2022
▲ 17% VS 2022
Therewere559 condolistingsin VancouverW estin July, 8% aboveJuneand 6% lowerthan July2022.
Julycondosalesdecreased by17% m onth-over-m onth,to 169,and were17% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 24% 144 594
% Change
No. 39% 203 516
% Change
Thesales-to-listing ratio forcondosin VancouverW est, at30% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
30% 169 559
25% 17% -6%
-0.8% -1.9% 1.6% -23% -17% 8%
Thecondom edian pricein Julywas$925,000,a1.6% increasefrom Juneand 8% aboveJuly2022. Theaveragesold pricewas$1,049,875,1.9% below last m onth;theaveragePSF salepricewas$1,164,down 0.8% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,164 $1,049,875 $925,000
$1,174 $1,069,961 $910,000
$1,089 $965,468 $859,000
7% 9% 8%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 202 ● JUL 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
564 567
594
548
559
516
451
521
470
452
446
416
404
225
203
157
145
169
1
144
105
155
96
92
82
63
$900K $910K $925K
$866K $850K
$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
4 2
100
4+ bdrms
80
11
3 bdrms
60
97
49%
44% 41%
36%
40
82
22%
2 bdrms
16%
20
285
9%
0
74
<$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
2 0 n/a
25 11 44%
109 45 41%
99 36 36%
73 36 49%
91 20 22%
96 15 16%
9%
173
64 6
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