vancouverdowntown CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY Therewere705 condolistingsin VancouverD owntown in January,2% aboveD ecem berand 15% higherthan January2022. January condo salesdecreased by 20% m onth-over-m onth,to 86,and were54% below January 2022. Thesales-to-listing ratio forcondosin Vancouver D owntown,at12%,reflected abalanced m arket. Thecondom edian pricein Januarywas$792,500,a1.6% changefrom D ecem berand 5% below January2022. Theaveragesold pricewas$928,025,6% below last m onth;theaveragePSF salepricewas$1,085,down 4% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 11% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 11% VS 2022
▼ 5% VS 2022
▲ 15% VS 2022
▼ 54% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 30% 185 611
% Change
No. 16% 107 688
% Change
TOTALLISTINGS TOTALSALES
$1,085 $928,025 $792,500 12% 86 705
-11% -11% -5% -60% -54% 15%
1.6% -22% -20% 2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,136 $992,472 $780,000
$1,215 $1,038,743 $834,000
-4% -6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
862
826
907
887
884
879
870
744
81
705
688
61
663
321
277
250
138
185
124
120
107
216
180
151
86
122
$834K $845K $849K $851K
$800K $777K $805K $785K $784K
$780K $793K
$775K $717K
VANCOUVERDOWN. REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
200
4+ bdrms
15
150
4
3 bdrms
93
100
47%
31
23% 22%
50
2 bdrms
15%
364
7%
4% 5%
2%
0
51
<$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
14 1 7%
38 18 47%
111 25 23%
92 20 22%
65 10 15%
82 3 4%
95 5 5%
208 4 2%
233
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