Westend one bedroom condos in the most demand 

Vancouver’s downtown condo and townhouse real estate market in July saw inventory and total sales start to flatten, while prices dipped in some ranges. Despite this trend the Downtown & Westend neighbourhoods remain in a Seller’s market. Yaletown and Coal Harbour are currently in more balanced market conditions.

The overall list to sales ratio for downtown was 21%, down from 28% in June this year. 

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

  • The most active price range was for homes between $600k-$700K (58% sales to list ratio)
  • Homes are selling on average at 100%  of list price
  • Buyer’s Best Bet: Homes between $1.75M to $2M, Coal Harbour, Yaletown, and 3 bedroom properties
  • Seller’s Best Bet: Selling Homes in Westend and up to 1 bedroom properties. 

In July this year Vancouver downtown condo inventory rose substantially for the sixth month, total sales and benchmark sale prices declined slightly.

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

All stats derived from Dean Wegman & SnapStats.