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Vancouver Downtown Real Estate Update – August 2011
by Maggie Chandler on October 3, 2011
in Downtown
How is the market in Downtown Vancouver? What is the average price? How long does it take to sell a Downtown condo? Are prices up or down? Are listings and sale up or down?
What’s Selling?
A bottom end market with only 25% of the Downtown Vancouver sales over $500,000 and a mere 8% over $1M. August listings and and sales were flat, compared to July. Inventory climbed to 7.2 months. Up from 3.7 in March
Most expesnive?
$11.2M for the Mark Penthouse. Least expensive? $225,000 for a studio
The Numbers
- Listings 495 (flat)
- Sales 68 (flat)
- Days on market 43
- Sale price/list price ratio 97%
- Average sale price $535,675
- Sale price psf – 654
- Inventory – 7.2 months
What’s the 30 day trend? Listings and sales flat
What’s the 90 day trend? Listings up and sales down
What’s the 12 month trend? HPI is up 5.9% compared to a year ago, sales are the same and listings are much lower
Good time for buyers! View my other Vancouver Downtown stats
Buying or selling in Vancouver’s Downtown?
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- I educate you so that your real estate experience is fun
- I bring decades of experience with me
- And offer great interpersonal skills
- Contact me today!
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I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello!
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I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums.
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