the rennie review - August 2023

westvancouver CONDO -JULY 2023

SALES TO LISTINGSRATIO 24% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 14% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 34% VS 2022

▲ 18% VS 2022

0.0% VS 2022

▲ 77% VS 2022

Therewere96 condolistingsin W estVancouverin July, 4% below Juneand nochangetoJuly2022.

Julycondosalesincreased by5% m onth-over-m onth,to 23,and were77% aboveJuly2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin W estVancouver, at24% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

23 96

13 96

14% 34% 18% 77% 77% 0%

$1,075 $1,314,704 $987,000 22% 22 100

18% 21% 39% 9% 5% -4%

Thecondom edian pricein Julywas$1,375,000,a39% increasefrom Juneand 18% aboveJuly2022. Theaveragesold pricewas$1,585,412,21% abovelast m onth;theaveragePSF salepricewas$1,266,up 18% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$1,266 $1,585,412 $1,375,000 24%

$1,114 $1,182,231 $1,170,000 14%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 202 ● JUL 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

100

100

99

97

107

96

103

96

93

88

88

85

73

29

22

21

23

16

10

9 9

22

13

19

10

1

$1.45M

$1.40M

$1.38M

$1.20M

$1.20M

$1.18M

$1.17M

$1.05M $994K

$987K

$948K $930K

$854K

W ESTVANCOUVER REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

35

30

4+ bdrms

25

71%

20

3

3 bdrms

15

15

38%

33%

10

14

22%

2 bdrms

20%

15%

16%

56

5

0

6

<$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

3 1 33%

10 2 20%

7 5 71%

13 2 15%

8 3 38%

23 5 22%

32 5 16%

25

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