Downtown condo & townhome inventory flattens in October after months of rising

October saw 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%.

Individual downtown neighbourhoods resulted in Coal Harbour returning to a “buyers” market in October, while the West End, and Yaletown were “balanced”.

How do we know? List to Sales Ratio!

  • A buyer’s market has a 0-12% list to sales ratio
  • A balanced market has a 12-20% list to sales ratio
  • A seller’s market has a 21% or greater list to sales ratio

What does it mean?

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Neighbourhood Breakdown For October:

  • Downtown 17% with 432 listings and 74 sales 
  • Westend 16% with 227 listings and 37 sales
  • Yaletown 16% with 337 listings and 53 sales 
  • Coal Harbour 10% with 156 listings and 16 sales
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