Downtown Vancouver Condos & Townhomes Led the Charge in Vancouver Westside in September 2021

Vancouver Downtown Condos Went Fast – Some flew off the shelves!

The Downtown Vancouver condo/townhome market was a sellers market in September with an average sales ratio of 27%. Here are some highlights from the last month’s detached listing sales: 

• West End listings sold at a ratio of 31%. Downtown Vancouver & Yaletown had 29% and 27% respectively, while Coal Harbour had 16% (also had the lowest inventory out of all downtown Westside neighbourhoods) 
• Properties in the $300,000 to $1,000,000 range had great sales ratios (all above 30%).
  • Condos between up to $1M in Vancouver Westside
  • Townhomes up to $1M in Vancouver Westside
• Condos in the $300k ~ $400k range had an absorption rate of 133%!

Condos & Townhomes in Other Parts of Vancouver West Also Moved

With the upcoming expansion of the Skytrain route that spans across Broadway, on top of the existing Skytrain lines (including the latest addition of the Canada Line just over a decade ago), other regions in Vancouver Westside have grown considerably in density with vibrant activity in the attached market. Here are some highlights of Vancouver Westside condos/townhomes outside of Downtown Vancouver: 

• Listings in the $500K ~ $900k range saw sales ratios of over 40%
• 1 bedrooms were the most popular (44% sale ratio) with 2 bedrooms & 3 bedrooms trailing at 30% and 17% respectively. 
• Cumulative sales ratio was 30%, exceeding that of Downtown Vancouver (27%). 

Detached homes in the Westside Saw Balance, With Healthy Movement

The Vancouver Westside houses (detached) saw a relatively low sales ratio at 12%, with 83 homes sold out of 701 offered. This was an increase of 12% compared to August 2021, but it still remains a balanced market, with minor variances from August 2021: 

• Compared to August, the total number of sales was up 12% (74 to 83)
• Average days on market remained similar to August (25 to 26)
• There were 10 sales at the $5M+ price point, 3 of them being over $7.5M!

Curious to see which neighbourhoods had the best (and worst) sales ratios? Stay tuned to our upcoming blog post later this month, or contact the Filer & Welch team now to get the figures now!