westvancouver CONDO -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 26% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere94 condolistingsin W estVancouverin O ctober,nochangetoSeptem berand 9% lowerthan October2022. O ctobercondosalesincreased by33% m onth-over-m onth,to24,and were50% aboveO ctober 2022. Thesales-to-listing ratio forcondosin W estVancouver, at26% ,reflected aselers'm arket. Thecondom edian pricein Octoberwas$1,332,000,a5% increasefrom Septem berand 43% aboveO ctober2022. Theaveragesold pricewas$1,359,611,15% below last m onth;theaveragePSF salepricewas$1,228,up 5% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 26% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 35% VS 2022
▲ 43% VS 2022
▼ 9% VS 2022
▲ 50% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
24 94
$972 $1,003,813 $930,000 16% 16 103
26% 35% 43% 64% 50% -9%
18 94
5% -15% 5% 33% 33% 0%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,228 $1,359,611 $1,332,000 26%
$1,174 $1,597,721 $1,274,450 19%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
100
100
97
97
103
107
94
94
93
92
88
85
73
29
23
22
24
10
16
9 9
22
19
17 18
1
$1.45M
$1.38M
$1.27M $1.33M
$1.20M
$1.20M
$1.18M
$1.05M $994K
$1.05M
$987K
$930K
$854K
W ESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
35
30
4+ bdrms
2
25
75%
20
2
63%
3 bdrms
14
15
40%
30%
10
12
25%
2 bdrms
20%
56
5
9%
0
10
<$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
5 2 40%
4 3 75%
10 3 30%
10 2 20%
8 5 63%
24 6 25%
9%
22
32 3
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