Vancouver’s Downtown condo market saw listings up in November and the highest for the year. Sales slightly lower. Average days on the market for condos that sold was down slightly from 50 to 48. The average price for Downtown condos that sold increased from $411,768 to $435,088. The average $ pr sq ft for condos that sold is flat at $567. Again a whopping 85% of the sales were under $500,000 and only 2 sold over $1M. Best selling price range is under $400,000. Vancouver’s Downtown inventory increased from 16 months to 23 months. As in October, the sales for November were the lowest for that month for the entire millennium.
Listings -804
2008 Listings - Jan 420 , Feb 457 ,Mar 529 , Apr 630, May 669 , June 740, July 745, Aug 782, Sept 742, Oct 744, Nov 804
Sales – 34. Seven sold under $300,000. 14 sold between $300,000 and $400,000. Seven sales between $400,000 and $500,000 and four over $500,000 .
Most expensive $1.4M, the suite sold spring 2005 for just over $1M and first registered early in 2001 for $841,000.
Least expensive $235,000 for a studio which sold in spring 2006 for $200,000 and in 2000 for $104,000.
Average Selling Price – $435,088, Oct $411,768, Sept $379,000
2008 Sales – Jan 109, Feb 137 , Mar 139, Apr 114, May 86, June 102, July 65, Aug 69, Sept 62, Oct 47, Nov 34
Average Days on Market - May 32, Jun 32, Jul 39, Aug 46 , Sept 50, Oct 48, Nov 42
Average Selling Price -Oct $411,768, Sept $379,000, Aug $408,824, Jul $460,017 Mar $450,048, Feb $424,838
Average Sale Price $ pr sq ft – Nov $567, Oct $562, Sept $565, Feb $616, Mar $646
List to Sale Price Ratio Nov 94%, Oct 95%, Sept 96%
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