Vancouver’s Downtown real estate analysis in July saw listings drop but still considerably higher than what they were a year ago and lower than Jul’08. Condos that didn’t sell and got delisted are the highest for the year. Sales were down to 102, the second worse month for the year after Feb but higher than Jul’08. Average days on the market up to 48. Average sale price down to $450,000 and average $psf $614, equal to Feb’08 and Aug’09 . Sale price to list price ratio flat at 97%. Supply up to 7 months, highest for the year. $300,000 to $400,000 selling the best. Downtown remains a good buyer’s market.
Listings Inventory - 715. 371 listings under $500,000 , 314 between $500K and $700k. 95 listings between $700K and $1M. 36 listed between $1M and $2M, and 12 listed over $2M.
2008 Listings - Jan 420, Feb 457 ,Mar 529 , Apr 630, May 669 , June 740, July 745, Aug 782, Sept 742, Oct 744, Nov 804, Dec 545
2009 Listings – Jan 547, Feb 548, Mar 426, Apr 416, May 415 , Jun 437, Jul 441, Aug 436, Sept 529, Oct 543, Nov 500, Dec 543
2010 Lisings - Jan 546, Feb 510, Mar 791, Apr 841, May 863, Jun 760, Jul 715
Expired lisitngs – 2010 – Jan 37. Feb 29, Mar 55, Apr 54, May 78, Jun 91, Jul 113
Expired listings 2009 - Dec 76, Nov 44, Oct 33.
Sales - 102 8 sold under $300,000. 40 sold between $300,000 and $400,000. 34 sales between $400,000 and $500,000, 18 sold between $500,000 and $700,000, and 2 sold between $700,000 & $1M and 2 sold over $1M. 35% had list price reductions, down from 40% last month
Least expensive - $265,000 for a small one bedroom
Most expensive - $1,999,000 for 2200sqft
2008 Sales - Jan 109, Feb 137 , Mar 139, Apr 114, May 86, June 102, July 65, Aug 69, Sept 62, Oct 47, Nov 34, Dec 32
2009 Sales – Jan 52, Feb 90, Mar 129, Apr 117, May 117, Jun 176, Jul 188, Aug 189, Sept 149, Oct 178, Nov 166, Dec 98
2010 Sales - Jan 141, Feb 82, Mar 157, Apr 169, May 133, Jun 121, Jul 102
Supply (number of months) 2008 – Oct 16 ,Nov 23 , Dec 17.
2009 - Jan 10, Feb 6, Mar 3.3, Apr 3.6, May 3.5, Jun 2.4, Jul 2.3, Aug 2.3, Sept 3.5, Oct 3, Nov 3, Dec 5.5
2010- Jan 3.8, Feb 6.2, Mar 5, Apr 5, May 6.5, Jun 6.2, Jul 7
2008 Average Days on Market - May 32, Jun 32, Jul 39, Aug 46 , Sept 50, Oct 48, Nov 42, Dec 78
2009 Average Days on Market – Jan 56, Feb 49, Mar 51, Apr 49, May49 , June 32, Jul 30, Aug 25, Sept 32, Oct 32, Nov 28, Dec 26
2010 Average Days on Market - Jan 36, Feb 35, Mar 37, Apr 33, May 30, Jun 40, Jul 48
2008 Average Selling Price - Dec $425,715 , Nov $435,088, Oct $411,768, Sept $379,000, Aug $408,824, Jul $460,017 Mar $450,048, Feb $424,838
2009 Average Selling Price – Jan $413,171, Feb $371,831, Mar $404,040, Apr $391,929, May $391,929, Jun $421,392, Jul 439,124, Aug $432,000, Sept $490,000, Oct $519,483, Nov $459,000, Dec $548,233
2010 Average Selling Price – Jan $488,415, feb $468,000, $444,703, Apr $466,173, May $467,458, Jun $463,608, Jul $450,455
2008Average Sale Price $ pr sq ft - Dec $553, Nov $567, Oct $562, Sept $565, Feb $616, Mar $646
2009 Average Sale price $ pr sq ft – Jan $547, Feb $544, Mar $531, Apr $543, Jun $595, Jul $601, Aug $611, Sept 618, Oct $610, Nov $623, Dec $623
2010 Average Sale Price $psf – Jan $623, Feb $606, mar $627, Apr $649, May $617, Jun $629, Jul $614
2008 Sale Price to List Price Ratio Dec 94% ,Nov 94%, Oct 95%, Sept 96%
2009 Sale Price to List Price Ratio Jan 95%, Feb 95%, Mar 96%, Apr 96%, May 97% , June 98%, Jul 98%, Aug 99%, Sept 98%, Oct 98%, Nov 98%, Dec 97%
2010 List Price to Sale Price Ratio - Jan 98%, Feb 98%, Mar 98%, Apr 98%, May 98%, Jun 97%, Jul 97%
Have a stat you’d like for Downtown condos?
Buying or selling your Downtown condo or other Vancouver real estate? Please fill out my contact form. 2009 MLS Medallion Master Diamond Member
view my other Downtown posts.
search for VOW (virtual office website) listings on this site and receive them 2 days prior to realtor.ca and in full printout. Search by street, MLS#, address and more. View Walkscore. Sign up for FREE today!
this site is updated regularly, subscribe via RSS or email and keep up to date with vancouver’s changing real estate market
info from rebgv, though deemed to be correct , should not be relied upon without verification
You must log in to post a comment.