vancouver west CONDO - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 19% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 10% VS 2022
▲ 9% VS 2022
▲ 6% VS 2022
▲ 26% VS 2022
There were 596 condo listings in Vancouver West in September, 11% above August and 6% higher than September 2022. September condo sales decreased by 25% month-over-month, to 116, and were 26% above September 2022. The sales-to-listing ratio for condos in Vancouver West, at 19%, reflected a balanced market. The condo median price in September was $920,400, a 6% increase from August and 9% above September 2022. The average sold price was $1,043,554, 1.5% above last month; the average PSF sale price was $1,144, down 0.4% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 155 539
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
116 596
$1,112 $948,172 $843,150 16% 92 564
3% 10% 9% 19% 26% 6%
-0.4% 1.5% 6% -32% -25% 11%
$1,144 $1,043,554 $920,400 19%
$1,148 $1,028,287 $870,000 29%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2022 ● SEP 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
567
596
558
548
564
516
539
451
470
452
446
416
404
225
203
157
155
111
105
169
155
116
92
96
82
63
$925K
$920K
$910K
$900K
$880K
$866K
$870K
$856K
$843K
$845K
$850K
$833K
$803K
VANCOUVER WEST
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
120
1
4+ bdrms
6
100
80
15
3 bdrms
89
60
30%
40
49
25%
22%
2 bdrms
20%
314
13% 11%
20
7%
0
51
<$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
1 0 n/a
20 4 20%
125 38 30%
114 25 22%
84 21 25%
98 13 13%
87 10 11%
67 5 7%
187
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. 53 ●
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