Vancouver’s downtown condo and townhouse real estate market saw a big jump in sale prices in September with a 16% increase, a 3% decrease in sales, and an inventory increase of 7% when comparing to August.
How do we know? List to Sales Ratio!
What does it mean?
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
Neighbourhood Breakdown
The BIGGER picture
The overall list to sales ratio for ALL of Vancouver downtown was 23% in September.
Here’s the breakdown for Vancouver Downtown condos and townhomes in September:
NEW! Check out our average live price updates by neighbourhoods here.
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.
Current trends put the downtown, Westend, and Yaletown markets in “Seller’s” market conditions. Coal Harbour improved to a “Balanced” 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
What does it mean?
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
Neighbourhood Breakdown
- Downtown 28% with 264 listings and 75 sales
- Westend 14% with 176 listings and 24 sales
- Yaletown 32% with 173 listings and 56 sales
- Coal Harbour 11% with 141 listings and 15 sales
The BIGGER picture
The overall list to sales ratio for ALL of Vancouver downtown was 23% in September.
Here’s the breakdown for Vancouver Downtown condos and townhomes in September:
- The most active price range was for homes between $1M to $1.25M (59% sales to list ratio)
- Homes are selling on average at 5% below list price
- Buyer’s Best Bet: Homes between $1.75M to $2M, Coal Harbour and 3 bedroom properties
- Seller’s Best Bet: Selling Homes in Yaletown neighbourhood and up to 1 bedroom properties.
NEW! Check out our average live price updates by neighbourhoods here.
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.