Downtown Vancouver attached (condos & townhomes) listing sales hit a 38% sales ratio last month, surpassing that of Vancouver Westside’s ratio of 35% by a small margin. Compared to the 23% sales ratio of October, the rise is significant. East Vancouver condo/townhome sales hit 51% (covered in part 2) in this same period however, performing both Downtown & Westside.
The most Popular Price Bands of Condos & Townhomes in Downtown Vancouver
Downtown Vancouver Condos priced between $400k to $800k all had far above 50% sales ratio, with the $600k to $700k moving the fastest at 97%! Here’s a more detailed breakdown of movement by $100k increments, ordered from high to low:
- $600~$700k condos in Downtown Vancouver sold at 97%
- $700~$800k condos in Downtown Vancouver sold at 88%
- $400~$500k condos in Downtown Vancouver sold at 87%
- $500~$600k condos in Downtown Vancouver sold at 66%
Lower inventory, more sales (especially in luxury segment) in Downtown Vancouver
Downtown Vancouver attached listings saw 14% less inventory added in November while sales went up by 39% marking a huge uptick in demand compared to October. There were 10 sales of downtown Vancouver properties over $2.5 million, 3 more than in October of 2021.
The most Popular Price Bands of Condos & Townhomes Rest of Vancouver Westside
Across the bridge and outside of Downtown Vancouver, the activities were more spread out across a large range of prices. Vancouver Westside condos & townhomes priced at $300k to $800k all sold at well over 50% ratios (with an average sales ratio of 67%). Here’s a more detailed breakdown, ordered from high to low.
- $300~$500k condos in Vancouver Westside sold at 87.5%
- $600~$700k condos in Vancouver Westside sold at 68%
- $500~$600k condos in Vancouver Westside sold at 65%
- $700~$800k condos in Vancouver Westside sold at 63%
Similar Selling Pace With 8% Lower Inventory & Sales in Vancouver Westside
The inventory and sales decreased by 8% equally in Vancouver’s Westside, resulting in the same selling ratio as the previous month, while Downtown Vancouver’s activity soared this month. In the luxury segment of condos/townhomes/penthouses priced over $2m in Vancouver Westside, only 11 listings sold with 105 new inventory for a modest 10.4% sales ratio.
To Learn more about which attached homes sold in Downtown & Westside of Vancouver
Please contact the Filer & Welch team to get more details on which Vancouver attached homes sold for how much, and in which parts, in Vancouver Westside & Downtown.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Baxter Welch for your convenience.
