Vancouver Real Estate Market Update for Downtown
by Maggie Chandler on June 20, 2011
in Downtown
Dreaming about buying yourself a Downtown Vancouver condo?
Well, the time is right! Prices rose about 3% from a year ago and the market is well balanced.
A bottom end market with no sales over $900,000 in Downtown VAncouver condos
May listings and sales dropped.
4.4 months of inventory. Up from 3.7 in March
Most expesnive? $2.1M . Least expensive? $225,000 for a studio
The Numbers
- Listings 431
- Sales 96
- Days on market 34
- Sale price/list price ratio 98%
- Average sale price $481,359
- Sale price psf – 643
Busiest price range?
- 65% was under $500,000.
- 18% between $500,000 and $$600,000
- 17% between $600,000 and $900,000
- 0% sold over $900,000
What’s the 90 day trend? Listings down and sales down
What’s the 12 month trend? Prices are up 3% compared to a year ago, sales are the same and listings are down.
Good time for buyers! View my other Vancouver Downtown stats
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WELCOME! And thanks for checking out my site, and wanting to know a little bit about me.
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!
The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver.
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.
I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion.
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Dreaming about buying yourself a Downtown Vancouver condo?
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