vancouverregion CONDO -JULY 2023
SALES TO LISTINGSRATIO 32% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.4% VS 2022
▲ 3% VS 2022
▼ 3% VS 2022
▲ 23% VS 2022
Therewere5,405 condolistingsin theVancouverRegion in July,4% aboveJuneand 3% lowerthan July2022.
Julycondosalesdecreased by19% m onth-over-m onth,to 1,746,and were23% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the Vancouver Region,at32% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,746 5,405
1,418 5,592
3% 1.4% 3% 27% 23% -3%
2,144 5,200
-0.8% 0.3% -0.8% -22% -19% 4%
Thecondom edian pricein Julywas$660,000,a0.8% decreasefrom Juneand 3% aboveJuly2022. Theaveragesold pricewas$746,855,0.3% abovelast m onth;theaveragePSF salepricewas$879,down 0.8% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$879 $746,855 $660,000 32%
$850 $736,521 $640,000 25%
$886 $744,805 $665,000 41%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 202 ● JUL 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,275
5,592
5,200
5,405
5,526
5,499
4,753
4,603
5,232
4,924
4,769
4,365
4,138
2,252
2,144
1,808
1,746
1,310
1,274
1,900
1,121
1,418
1,217
1,171
923
771
$675K $665K $660K
$640K $645K $620K $635K $625K
$625K $630K $630K $640K $652K
VancouverRegion REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1500
31 5
4+ bdrms
1000
106
3 bdrms
611
44% 44%
40%
32%
500
958
26%
2 bdrms
19%
2,988
11%
5%
0
677
<$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
187 82 44%
1,235 545 44%
1,533 613 40%
981 251 26%
425 135 32%
317 61 19%
337 38 11%
390 21 5%
1,775
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