vancouverwest CONDO -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY Therewere622 condolistingsin VancouverW estin O ctober,4% aboveSeptem berand 10% higherthan October2022. O ctobercondosalesdecreased by6% m onth-over-m onth, to109,and were1.8% below October2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 4% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▲ 5% VS 2022
▲ 10% VS 2022
▼ 1.8% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 20% 111 567
% Change
No. 19% 116 596
% Change
Thesales-to-listing ratio forcondosin VancouverW est, at18% ,reflected abalanced m arket.
TOTALLISTINGS TOTALSALES
18% 109 622
4% 4% 5% -10% -1.8% 10%
-0.7% -2% -3% -10% -6% 4%
Thecondom edian pricein Octoberwas$895,000,a3% decreasefrom Septem berand 5% aboveO ctober2022. Theaveragesold pricewas$1,020,383,2% below last m onth;theaveragePSF salepricewas$1,137,down 0.7% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,137 $1,020,383 $895,000
$1,144 $1,043,554 $920,400
$1,091 $976,621 $856,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
596
622
558
548
567
516
539
451
470
452
446
416
404
225
203
157
155
105
169
155
1
109
16
96
82
63
$910K $925K $870K $920K $895K
$866K
$856K $880K
$845K $833K $803K
$850K $900K
VANCOUVERW EST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
1
4+ bdrms
5
100
80
10
3 bdrms
95
60
35%
40
50
26%
2 bdrms
20%
15% 14% 15%
326
20
3%
0
48
<$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
23 8 35%
126 33 26%
120 24 20%
93 14 15%
102 14 14%
95 14 15%
3%
196
62 2
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