Downtown Vancouver a Seller's Market in January

Vancouver’s downtown condo and townhouse real estate market in January remained in a *Seller’s market with a 39% list to sales ratio. Yaletown was the strongest neighbourhood, followed by West End, Downtown, and then Coal Harbour. The overall list to sales ratio was 41% (down from 53%) which means it is slowing but there is still upwards pressure on pricing. Here’s the breakdown for condo’s & town homes for Vancouver’s Downtown area in December:

The most active price range was for homes between $500k-$600K (78% Sales Ratio) and homes from $1.75M to $2M.
Homes are selling on average at list price (up from 1% below list price).
Buyer’s Best Bet: Homes between $800K to $900K, and $2.5M to $2.75M plus  Coal Harbour neighbourhood & 3 bedroom properties
Seller’s Best Bet: Selling Homes in Yaletown and up to 1 bedroom properties

Between December and January this year vancouver downtown condo total sales declined slightly, while benchmark sale prices and inventory edged up.

Any Q's or more specific information needed on any neighbourhood in Metro or Greater Vancouver 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.