vancouver downtown CONDO - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 12% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2022
▲ 19% VS 2022
▼ 1.1% VS 2022
0.0% VS 2022
There were 1,033 condo listings in Vancouver Downtown in September, 16% above August and 19% higher than September 2022. September condo sales decreased by 26% month-over-month, to 122, and were the same in September 2022. The sales-to-listing ratio for condos in Vancouver Downtown, at 12%, reflected a buyers' market. The condo median price in September was $775,000, a 4% decrease from August and 1.1% below September 2022. The average sold price was $1,008,201, 4% above last month; the average PSF sale price was $1,220, up 5% to last month.
THIS MONTH No. $1,220 $1,008,201 $775,000 12% 122 1,033
PREVIOUS MONTH
PREVIOUS YEAR
No. 122 870
% Change
No. 165 889
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
4% 4% -1.1% -16% 0% 19%
-36% -26% 16%
$1,172 $965,543 $784,000 14%
$1,159 $973,151 $808,000 19%
5% 4% -4%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2022 ● SEP 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,033
909
884
862
836
870
782
889
869
705
775
713
688
222
165
155
124
120
107
85
122
185
187
122
159
110
$840K
$820K
$808K
$800K
$784K
$790K
$775K
$780K
$775K
$775K
$775K
$769K
$717K
VANCOUVER DOWN..
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
250
4+ bdrms
200
16
150
7
3 bdrms
125
100
27%
38
21%
2 bdrms
20%
50
491
13%
9%
7%
4%
4%
0
77
<$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
20 4 20%
83 22 27%
210 45 21%
165 22 13%
94 8 9%
95 7 7%
135 5 4%
231 9 4%
401
Copyright © October 10, 2023 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 10, 2023. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 50 ●
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