greatervancouverboard area CONDO -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2022
▲ 6% VS 2022
▲ 13% VS 2022
▲ 5% VS 2022
Therewere4,782 condolistingsin theG reater Vancouverboard areain O ctober,5% aboveSeptem ber and 13% higherthan October2022. O ctobercondosalesincreased by6% m onth-over-m onth, to1,047,and were5% aboveOctober2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at22% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,047 4,782
24% 997 4,223
6% 6% 6% -7% 5% 13%
22% 988 4,567
6% 5%
Thecondom edian pricein Octoberwas$715,000,a0.5% increasefrom Septem berand 6% aboveO ctober2022. Theaveragesold pricewas$809,846,0.8% below last m onth;theaveragePSF salepricewas$952,down 0.6% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$952 $809,846 $715,000 22%
-0.6% -0.8% 0.5% 1.2%
$957 $816,350 $711,400
$898 $766,622 $677,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,567
4,782
4,17
4,038
4,223
3,693
3,928
3,922
3,734
3,707
3,530
3,348
3,163
1,734
1,573
1,317
1,276
1,413
1,047
997
1,285
988
932
848
706
572
$729K $726K $725K $721K $711K $715K
$677K $680K $685K $690K $680K $705K $720K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1400
42 1
4+ bdrms
1200
1000
64
800
3 bdrms
576
600
36%
30%
28%
541
400
2 bdrms
19%
2,513
14% 13% 15%
200
4%
0
441
<$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
101 30 30%
713 255 36%
1,404 390 28%
993 192 19%
505 69 14%
352 46 13%
325 49 15%
389 16 4%
1,651
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