vancouverregion CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY Therewere4,366 condolistingsin theVancouverRegion in January,5% aboveD ecem berand 47% higherthan January2022. January condo salesdecreased by 17% m onth-over-m onth,to 773,and were55% below January 2022. Thesales-to-listing ratio forcondosin the Vancouver Region,at18% ,reflected abalanced m arket. Thecondom edian pricein Januarywas$630,000,a0.8% changefrom D ecem berand 6% below January2022. Theaveragesold pricewas$695,676,0.8% below last m onth;theaveragePSF salepricewas$814,down 0.0% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 6% VS 2022
▲ 47% VS 2022
▼ 55% VS 2022
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
18% 773 4,366
1,730 2,969
-70% -55% 47%
22% 926 4,139
0% -0.8% 0.8% -21% -17% 5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$876 $751,411 $671,650 58%
$814 $695,676 $630,000
$814 $701,427 $625,000
-7% -7% -6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
5,394
5,676
5,275
5,592
5,499 5,526
5,232
4,101
4,366
4,704
3,641
4,139
3,16
2,969
2,055
2,382
2,242
1,730
1,310
1,274
1,121
1,732
1,418
1,172
773
926
$672K $695K $685K $680K
$667K $650K $640K $645K $621K $635K $625K $625K $630K
VANCOUVERREGION REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
1200
4+ bdrms
1000
32
800
32
3 bdrms
600
490
400
458
26% 25%
21%
2 bdrms
17%
2,412
200
13%
5% 5% 3%
0
283
<$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
240 63 26%
1,137 280 25%
1,148 239 21%
672 115 17%
326 42 13%
267 14 5%
242 11 5%
334 9 3%
1,432
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