Downtown Vancouver Real Estate Market Update for November 2017 (1 bedroom & studio)

Let’s take a look at one bedroom and studio condo market in Downtown Vancouver. We will only look at the resale market, new construction units are excluded.

Average Sales Price

Average Sales Price of ONE bedroom condo units in downtown Vancouver in November 2017 (see graph below)

Coal Harbour: $949,654 | +57.2% (change since November 2016)

Downtown VW: $677,564 | +24.2% (change since November 2016)

West End: $812,839 | +19.3% (change since November 2016)

Yaletown: $600,800 | +23.2% (change since November 2016)


Average Percent of Original Price

Average Percent of Original Asking Price for ONE bedroom condo units in downtown Vancouver in November 2017 (see graph below)

Coal Harbour: 99.2% | +2.5% (change since November 2016)

Downtown VW: 105.7% | +5.9% (change since November 2016)

West End: 101.2% | +3.7% (change since November 2016)

Yaletown: 99.8% | -1.2% (change since November 2016)

 


Average Price Per Square Foot

Average Price Per Square Foot for ONE bedroom and studio condos in downtown Vancouver in November 2017 (see graph below)

Coal Harbour: $1,526 | +59.0% (change since November 2016)

Downtown VW: $1,143 | +26.0% (change since November 2016)

West End: $1,170 | +18.7% (change since November 2016)

Yaletown: $979 | +18.1% (change since November 2016)


Total Inventory

Total Inventory of ONE bedroom and studio condo units in downtown Vancouver in November 2017 (see graph below)

Coal Harbour: 12 | -50.0% (change since November 2016)

Downtown VW: 56 | -65.0% (change since November 2016)

West End: 23 | -51.1% (change since November 2016)

Yaletown: 27 | -44.9% (change since November 2016)


New Listings

All New Listings of ONE bedroom and studio condo units in downtown Vancouver in November 2017 (see graph below)

Coal Harbour: 11 | +37.5% (change since November 2016)

Downtown VW: 66 | +26.9% (change since November 2016)

West End: 26 | -13.3% (change since November 2016)

Yaletown: 28 | -3.4% (change since November 2016)


Sales

Total Sales of ONE bedroom and studio condos in downtown Vancouver in November 2017 (see graph below)

Coal Harbour: 9 | +125.0% (change since November 2016)

Downtown VW: 50 | +19.0% (change since November 2016)

West End: 28 | +27.3% (change since November 2016)

Yaletown: 30 | +50.0% (change since November 2016)


Sales to Actives Ratio

Sales to Active Listings Ratio of ONE bedroom and studio condos in downtown Vancouver in November 2017 (see graph below)

Coal Harbour: 0.750 | +349.1% (change since November 2016)

Downtown VW: 0.893 | +239.5% (change since November 2016)

West End: 1.217 | +160.0% (change since November 2016)

Yaletown: 1.111 | +172.3% (change since November 2016)

In conclusion, Downtown Vancouver condo market is still a very strong seller’s market. A lot of units are selling over the asking price. We smallest inventory numbers in years. Prices are continuously climbing up month-after-month. This condo market is not showing any signs of slowing down.

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