Downtown condo prices resilient in April as sales drop by 56% compared to March

Vancouver’s downtown condo and townhouse real estate market in April saw sales plummet as people continue to social distance due to the COVID 19 crisis. In April the inventory downtown decreased by 6%, sales decreased by 56%, and sale prices dropped minimally by 1% when compared to March. 

Downtown Vancouver real estate trends

Current trends have the downtown, West End, and Yaletown neighbourhoods in “Balanced” market conditions, while Coal Harbour is in a “Buyer’s” market. .

Neighbourhood Breakdown For April

Downtown 13% with 215 listings and 29 sales
Westend 14% with 123 listings and 17 sales
Yaletown 15% with 164 listings and 15 sales
Coal Harbour 5% with 93 listings and 5 sales

For the full report and the BIGGER picture of downtown real estate trends visit speciality website