Vancouver downtown condo market hot for homes priced between $500-$600K.

Vancouver’s downtown condo and townhouse real estate market in February continues to cool down but remains a Seller’s market especially for homes priced between $500-$600K. The West End was the strongest neighbourhood, followed by the Downtown area, Yaletown, and then finally Coal Harbour. The overall list to sales ratio for downtown was 50%.

Here’s the breakdown for Vancouver Downtown condos and townhomes in February:

  • The most active price range was for homes between $500k-$600K (100% sales to list ratio) and homes $1M to $1.25M (75% sales to list ratio)
  • Homes are selling on average 3% above list price.
  • Buyer’s Best Bet: Homes between $600K to $700K, and $5M plus Coal Harbour neighbourhood & 4 bedroom properties
  • Seller’s Best Bet: Selling Homes in West End and up to 1 bedroom properties
    Between January and February this year Vancouver downtown condo inventory and total sales climbed, while benchmark sale prices edged down slightly.

Any Q's or more specific information needed on Vancouver downtown condos, Vancouver downtown real estate, or any particular westside neighbourhood please contact us. We're here to help!

*Buyer’s Market 1-11%, Balanced Market 12-20%, Seller’s Market 21% and up.

All stats derived from SnapStats andDean Wegman.