Yaletown shifts back into a Seller's market - 90 day trends 

Vancouver’s downtown condo and townhouse real estate market saw a 29% increase in condo sales, an inventory decrease of 3%, and an increase in sale prices of 1% in May compared to April. 

As in March and April, current trends put the downtown and Westend markets in “Balanced” market conditions, while Yaletown has moved into a “Seller’s” market. Coal Harbour remained weak in a “Buyer’s” market. 

How do we know? List to Sales Ratio 

  • A buyer’s market has a 0-12% list to sales ratio
  • A balanced market has a 12-20% list to sales ratio
  • A seller’s market has a 21% or greater list to sales ratio

Neighbourhood Breakdown

  • Downtown 17% with 349 listings and 60 sales 
  • Westend 19% with 213 listings and 40 sales
  • Yaletown 21% with 224 listings and 48 sales  
  • Coal Harbour 9% with 158 listings and 14 sales

The BIGGER picture

The overall list to sales ratio for all of Vancouver downtown was 17% in May, up from 13% in April. 
Here’s the breakdown for Vancouver Downtown condos and townhomes in May:

  • The most active price range was for homes between $300k-$500K (53% sales to list ratio)
  • Homes are selling on average at 3% below list price
  • Buyer’s Best Bet: Homes $5M plus Coal Harbour and 2 and 3  bedroom properties
  • Seller’s Best Bet: Selling Homes in Yaletown neighbourhood and up to 1 bedroom properties. 
Thinking of buying or selling a downtown condo? We're here to help! Contact us to find out why we sell the most.
All stats derived from Dean Wegman & SnapStats.