Downtown condo market"balanced" in August as Coal Harbour rebounds

Current trends have all neighbourhoods, downtown, West End, Yaletown, and Coal Harbour in “balanced” market conditions. When compared to July inventory rose by 13%, sales decreased by 1%, and sale prices rose by 9%. Coal Harbour which had been in a buyer’s market for a prolonged period of time saw demand return.

Neighbourhood Breakdown For August

  • Downtown 15% with 408 listings and 61 sales 
  • Westend 17% with 235 listings and 40 sales
  • Yaletown 17% with 301 listings and 50 sales 
  • Coal Harbour 17% with 141 listings and 24 sales

The BIGGER picture

The overall list to sales ratio for ALL of Vancouver downtown was 16% in August (down from 18% in July).

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

  • The most active price range was for homes between $500K to $600K & $800K to $900K (average 30% sales to list ratio)
  • Homes are selling on average at 100% of list price
  • Buyer’s Best Bet: Homes $5 mil plus, Downtown, and up to 3 bedroom properties
  • Seller’s Best Bet: Selling Homes in the Coal Harbour, Westend, Yaletown, and up to 1 bedroom properties. 

Downtown Vancouver condo market trends

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All stats derived from Dean Wegman & SnapStats.