Downtown Vancouver has experienced high levels of market activity over the last couple of months. Price increases, high sales to active listings ratio and low inventory levels.
Here is a detailed breakdown of Downtown Vancouver condo market for June 2017. Only resale real estate is accounted for. The statistics below represent one bedroom and studio condo units.
Average Sales Price
Average Sales Price of ONE bedroom condo units in downtown Vancouver in June 2017 (see graph below)
Coal Harbour: $867,889 | +5.3% (change since June 2016)
Downtown VW: $655,465 | +15.2% (change since June 2016)
West End: $600,197 | +9.3% (change since June 2016)
Yaletown: $711,028 | +13.1% (change since June 2016)
Average Percent of Original Price
Average Percent of Original Asking Price for ONE bedroom condo units in downtown Vancouver in June 2017 (see graph below)
Coal Harbour: 105.2% | -0.8% (change since June 2016)
Downtown VW: 104.0% | -1.9% (change since June 2016)
West End: 103.7% | -4.1% (change since June 2016)
Yaletown: 101.1% | -4.1% (change since June 2016)
Average Price Per Square Foot
Average Price Per Square Foot for ONE bedroom condo units in downtown Vancouver in June 2017 (see graph below)
Coal Harbour: $1,270 | +13.2% (change since June 2016)
Downtown VW: $1,065 | +15.1% (change since June 2016)
West End: $991 | +17.6% (change since June 2016)
Yaletown: $1,096 | +11.3% (change since June 2016)
Total Inventory
Total Inventory of ONE bedroom condo units for sale in downtown Vancouver in June 2017 (see graph below)
Coal Harbour: 12 | -14.3% (change since June 2016)
Downtown VW: 51 | -22.7% (change since June 2016)
West End: 32 | +14.3% (change since June 2016)
Yaletown: 22 | -42.1% (change since June 2016)
New Listings
New Listings of ONE bedroom condo units for sale in downtown Vancouver in June 2017 (see graph below)
Coal Harbour: 9 | -25.0% (change since June 2016)
Downtown VW: 76 | -23.2% (change since June 2016)
West End: 29 | +3.6% (change since June 2016)
Yaletown: 24 | -51.0% (change since June 2016)
Total Sales
Number of Sales of ONE bedroom condo units in downtown Vancouver in June 2017 (see graph below)
Coal Harbour: 9 | 0.0% (change since June 2016)
Downtown VW: 65 | -30.9% (change since June 2016)
West End: 18 | -35.7% (change since June 2016)
Yaletown: 25 | -44.4% (change since June 2016)
Sales to Actives Ratio
Number of Sales of ONE bedroom condo units in downtown Vancouver in June 2017 (see graph below)
Coal Harbour: 0.750 | +16.6% (change since June 2016)
Downtown VW: 1.275 | -10.5% (change since June 2016)
West End: 0.563 | -43.7% (change since June 2016)
Yaletown: 1.136 | -4.1% (change since June 2016)
In conclusion, all of Vancouver Downtown neighbourhoods are very active. Condos are selling for over the asking price with multiple offers. Prices have increased since last year. The inventory levels decreased as compared to last year June, which already had record low inventory levels.