Be in the know in 2020!  Downtown condo & real estate blog

Downtown Market Update in 60 Seconds 

Posted on Feb 02, 2021

A 60 second video summary of downtown market conditions from January 2021.  

Condo and townhouse inventory and benchmark sale prices rose while sales volume dropped.  January had downtown in a "Seller's market" with the greatest demand for homes between $500K to $600K.  Homes were selling on average 2% below list price and in 32 days.

Thinking of buying...

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Downtown condo market sees inventory, sales, and prices decrease in November 

Posted on Dec 10, 2020

The Vancouver downtown condo and townhouse market remained “balanced” overall in November. When compared to October inventory was up by 11%, sales down by 1%, and sale prices down by 3%.

Looking specifically at the individual downtown neighbourhoods in November the situation was similar to October:

Coal Harbour remained in a “buyers” market, while t...

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On the lighter side .. one mans trash is another mans treasure!

Posted on Nov 17, 2020

For 34 years, New York Sanitation worker, Nelson Molina collected items in the trash on his route in East Harlem. Over 45,000 items, all catalogued and organized on the second floor of the M11 garage. Nelson retired from the job in 2015, but comes to the garage routinely to check in on his "museum."

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Downtown market "balanced" in October

Posted on Nov 03, 2020

October and the fall market have resulted in the Vancouver downtown condo and townhouse market being “balanced” overall. When compared to September inventory rose by 0%, sales decreased by 8%, and sale prices rose by 2%.

Looking specifically at the individual downtown neighbourhoods Coal Harbour returned to a “buyers” market in October, while the W...

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Downtown condo inventory rise a concern going into the fall

Posted on Sep 24, 2020

Downtown condo inventory has been on a rise since December and is now at the highest level its been in 5 years. In August there were 394 downtown condo listings, an amount exceeded last in July 2015. Other neighbourhoods like Yaletown, West End, and Coal Harbour are also experiencing similar trends of high inventory coming into the last quarter of...

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Coal Harbour bounces back as downtown market balances in August

Posted on Sep 03, 2020

August ended for the the Vancouver downtown condo market in overall “balanced” conditions. When compared to July inventory rose by 13%, sales decreased by 1%, and sale prices rose by 9%. Coal Harbour which had been stuck in a buyer’s market for a many many months finally saw a return in demands by buyers and increased sales activity.   

Current trends...

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