vancouverdowntown CONDO -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 12% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere1,067 condolistingsin VancouverD owntown in O ctober,3% aboveSeptem berand 21% higherthan October2022. O ctobercondo salesincreased by 0.8% m onth-over-m onth,to 123,and were0.8% below October2022. Thesales-to-listing ratio forcondosin Vancouver D owntown,at12%,reflected abuyers'm arket. Thecondom edian pricein Octoberwas$795,000,a3% increasefrom Septem berand 3% aboveO ctober2022. Theaveragesold pricewas$1,022,955,1.5% abovelast m onth;theaveragePSF salepricewas$1,141,down 6% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 4% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 6% VS 2022
▲ 3% VS 2022
▲ 21% VS 2022
▼ 0.8% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 14% 124 884
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
12% 123 1,067
-4% -6% 3% -18% -0.8% 21%
12% 122 1,033
-6% 1.5% 3% -2% 0.8% 3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,141 $1,022,955 $795,000
$1,220 $1,008,201 $775,000
$1,182 $1,091,090 $775,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,067
909
1,033
862
836
884
782
889
869
705
775
713
688
222
165
155
120
107
85
124
185
187
123
159
122
10
$820K $800K $840K
$775K
$780K $790K $769K
$775K $775K $808K $775K $795K
$717K
VANCOUVERDOWN. REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
250
4+ bdrms
16
200
150
10
3 bdrms
120
100
47
22%
2 bdrms
50
17%
15% 13%
488
13%
9% 8%
3%
0
66
<$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
18 3 17%
99 22 22%
243 37 15%
183 24 13%
91 8 9%
93 7 8%
120 15 13%
220 7 3%
443
Copyright© 2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber3,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 50 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online