vancouverwest CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 16% BALANCEDMARKET
▶ MARKETSUMMARY Therewere404 condolistingsin VancouverW estin January,3% below D ecem berand 5% lowerthan January 2022. January condo salesdecreased by 24% m onth-over-m onth,to 63,and were57% below January 2022. Thesales-to-listing ratio forcondosin VancouverW est, at16% ,reflected abalanced m arket. Thecondom edian pricein Januarywas$833,000,a1.4% changefrom D ecem berand 6% below January2022. Theaveragesold pricewas$934,784,5% below last m onth;theaveragePSF salepricewas$1,050,up 1.2% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 6% VS 2022
▼ 5% VS 2022
▼ 57% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 34% 145 427
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$1,050 $934,784 $833,000 16% 63 404
-54% -57% -5%
$1,038 $983,983 $845,000 20% 83 416
1.2% -5% -1.4% -22% -24% -3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,146 $1,005,013 $890,000
-8% -7% -6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
594
621
567
564
548
565
521
513
475
427
446
404
416
276
213
145
217
214
1
145
105
142 144
63
92
83
$890K $923K $879K $908K
$858K $884K $859K $849K $843K $856K $880K $845K $833K
VANCOUVERW EST REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
4+ bdrms
4
60
1
3 bdrms
64
40
27%
36
20
22% 21%
2 bdrms
18%
203
8%
3% 3%
0
26
<$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
0 1 n/a
28 5 18%
77 21 27%
79 17 22%
57 12 21%
65 2 3%
59 2 3%
8%
133
39 3
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