vancouverregion CONDO -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere6,249 condolistingsin theVancouverRegion in O ctober,5% aboveSeptem berand 13% higherthan October2022. O ctobercondosalesincreased by3% m onth-over-m onth, to1,366,and were7% aboveOctober2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2022
▲ 3% VS 2022
▲ 13% VS 2022
▲ 7% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the Vancouver Region,at22% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
1,366 6,249
1,274 5,526
6% 5% 3% -5% 7% 13%
1,332 5,979
3% 5%
Thecondom edian pricein Octoberwas$651,000,a0.2% increasefrom Septem berand 3% aboveO ctober2022. Theaveragesold pricewas$747,402,0.1% abovelast m onth;theaveragePSF salepricewas$882,down 0.1% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$882 $747,402 $651,000 22%
$831 $713,439 $635,000 23%
$883 $746,548 $650,000 22%
-0.1% 0.1% 0.2% -1.9%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,979
6,249
5,404
5,275
5,200
5,526
4,753
4,603
5,264
4,924
4,769
4,365
4,138
2,251
2,142
1,808
1,690
1,121
1,900
1,366
1,744
1,274
1,332
1,217
923
770
$675K $665K $661K $670K $650K $651K
$635K $625K
$625K $630K $630K $640K $652K
VancouverRegion REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
2000
44 1
4+ bdrms
1500
76
3 bdrms
1000
683
32% 32%
729
24%
500
2 bdrms
18%
3,366
13% 13% 15%
4%
0
560
<$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
212 67 32%
1,437 456 32%
1,887 461 24%
1,081 198 18%
527 71 13%
367 46 13%
334 50 15%
404 17 4%
2,156
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