westvancouver CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 12% BALANCEDMARKET
▶ MARKETSUMMARY Therewere73 condolistingsin W estVancouverin January,17% below D ecem berand 103% higherthan January2022. January condo salesdecreased by 10% m onth-over-m onth,to 9,and were31% below January 2022. Thesales-to-listing ratio forcondosin W estVancouver, at12% ,reflected abalanced m arket. Thecondom edian pricein Januarywas$1,199,600,a 40% changefrom D ecem berand 45% aboveJanuary 2022. Theaveragesold pricewas$1,156,944,15% abovelast m onth;theaveragePSF salepricewas$1,049,up 4% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 10% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 24% VS 2022
▲ 45% VS 2022
▲ 103% VS 2022
▼ 31% VS 2022
THISMONTH No. $1,049 $1,156,944 $1,199,600 12% 9 73
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
13 36
-10% -24% 45% -66% -31% 103%
10 88
4% 15% 40% 8% -10% -17%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,166 $1,519,300 $825,000 36%
$1,011 $1,009,940 $854,450 11%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
99
96
95
107
103
89
88
88
73
67
46
36
39
21
20 20
16
10
9
13
18
9
14
13
10
1
$1.40M
$1.25M
$1.24M $1.17M
$1.20M
$1.18M
$1.01M
$948K $930K
$928K
$854K
$825K
$755K
W ESTVANCOUVER REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
30
25
4+ bdrms
20
3 bdrms
15
14
50%
10
33%
7
25%
2 bdrms
18% 17%
43
5
0
2
<$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
2 1 50%
6 0 n/a
6 2 33%
8 2 25%
11 2 18%
12 2 17%
28 0 n/a
16
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