greatervancouverboard area CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 17% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 6% VS 2022
▼ 5% VS 2022
▲ 31% VS 2022
▼ 56% VS 2022
Therewere3,349 condolistingsin theG reater Vancouverboard areain January,6% aboveD ecem ber and 31% higherthan January2022. January condo salesdecreased by 19% m onth-over-m onth,to 575,and were56% below January 2022. Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at17% ,reflected abalanced market. Thecondom edian pricein Januarywas$690,000,a0.7% changefrom D ecem berand 5% below January2022. Theaveragesold pricewas$758,855,0.7% below last m onth;theaveragePSF salepricewas$890,up 0.8% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
17% 575 3,349
1,315 2,549
-67% -56% 31%
22% 709 3,164
0.8% -0.7% 0.7% -23% -19% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$936 $807,042 $725,000 52%
$890 $758,855 $690,000
$883 $764,295 $685,000
-5% -6% -5%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
4,160
4,038
4,358
4,298
4,223
4,193
3,996
3,707
3,349
3,250
3,164
2,875
2,315
2,549
1,864
1,604
1,692
1,315
1,005
997
1,326
1,062
893
848
575
709
$735K $717K $698K $694K $690K
$725K $735K $740K
$670K $677K $680K $685K $690K
REBGV
FVREB
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
800
4+ bdrms
30
600
26
3 bdrms
423
400
28%
327
24%
23%
2 bdrms
200
18%
1,798
13%
5% 5%
2%
0
222
<$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
110 26 24%
573 158 28%
899 205 23%
635 112 18%
307 41 13%
261 14 5%
237 11 5%
327 8 2%
1,098
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