How is the Vancouver real estate market in Yaletown? Are sales up or down? Have listings increased? What’s the average price? How long does it take to sell a Yaletown property? What are prices doing? Are they higher or lower than 90 days ago? What price range is selling the best?
The Yaletown market in November saw a big drop in listings and sales flat, compared to October
- 32% of the sales were under $500,000
- The supply dropped by a whopping 25%, now only 3 months of inventory and a tick up in average price
- market favours sellers who are properly priced. The new year will see an uptick in listings
Where is Yaletown?
It is the area west of Burrard street, south of Pacific Avenue and east of Carrall St. It also runs east of Richards and south of Smythe.
What’s it Cost to Buy in Yaletown?
You can buy a studio condo from $318,000 and one bedrooms start around $339,000, 2 bdrms from $449,000 and 3 bdrms are over $1M. Most Expensive? a waterfront Penthouse for $11,800
The Stats (compared to previous month)
- Listings191 ( 252)
- Sales 59 (61)
- Average days on market – 42 (42)
- Sellers on average moved 3% from their List Price (unchanged)
- Sales averaged $705psf (727)
- Average sale price $664,040 ($626,863)
- months of inventory 3 (4)
Busiest price range?
- 50% sold under $500,000
- 40% between $500,000 and $1M
- 10% sold over $1M
What’s the 90 day trend?
Listings are now lower and sales flat
What’s the 12 month trend?
- HPI price up 1.8 %
- Benchmark price $807,905
Buying or selling in Vancouver’s Yaletown?
- I come armed with stats and graphs
- excellent interpersonal skills
- hyperlocal info
- educate you about the market and the process
- all coupled with decades of experience providing trustworthy real estate advice