Downtown Vancouver real estate market update for August 2017. We will only focus on resale 1 bedroom and studio units. Townhouses and detached houses are not included in this real estate update. All graphs go back 3 years.
Average Sales Price
Average Sales Price of ONE bedroom condo units in downtown Vancouver in August 2017 (see graph below)
Coal Harbour: $722,354 | +10.4% (change since August 2016)
Downtown VW: $649,275 | +19.8% (change since August 2016)
West End: $572,085 | +17.6% (change since August 2016)
Yaletown: $754,735 | +28.4% (change since August 2016)
Average Percent of Original Price
Average Percent of Original Asking Price for ONE bedroom condo units in downtown Vancouver in August 2017 (see graph below)
Coal Harbour: 100.5% | 0.0% (change since August 2016)
Downtown VW: 103.1% | +1.4% (change since August 2016)
West End: 103.2% | +1.5% (change since August 2016)
Yaletown: 97.8% | -3.9% (change since August 2016)
Average Price Per Square Foot
Average Price per Square Foot of ONE bedroom condo units in downtown Vancouver in August 2017 (see graph below)
Coal Harbour: $1,201 | +13.9% (change since August 2016)
Downtown VW: $1,090 | +21.0% (change since August 2016)
West End: $970 | +28.1% (change since August 2016)
Yaletown: $1,132 | +18.9% (change since August 2016)
Total Inventory
Total Inventory of ONE bedroom condo units in downtown Vancouver in August 2017 (see graph below)
Coal Harbour: 15 | -34.8% (change since August 2016)
Downtown VW: 54 | -67.9% (change since August 2016)
West End: 37 | +12.1% (change since August 2016)
Yaletown: 16 | -72.9% (change since August 2016)
New Listings
New Listings of ONE bedroom condo units in downtown Vancouver in August 2017 (see graph below)
Coal Harbour: 12 | -14.3% (change since August 2016)
Downtown VW: 63 | -17.1% (change since August 2016)
West End: 34 | +13.3% (change since August 2016)
Yaletown: 22 | -47.6% (change since August 2016)
Total Sales
Total Sales of ONE bedroom condo units in downtown Vancouver in August 2017 (see graph below)
Coal Harbour: 11 | +83.3% (change since August 2016)
Downtown VW: 64 | +45.5% (change since August 2016)
West End: 32 | +39.1% (change since August 2016)
Yaletown: 23 | +9.5% (change since August 2016)
Sales to Active Listings Ratio
Sales to Active Listings Ratio for ONE bedroom condo units in downtown Vancouver in August 2017 (see graph below)
Coal Harbour: 0.733 | +180.8% (change since August 2016)
Downtown VW: 1.185 | +352.3% (change since August 2016)
West End: 0.865 | +24.1% (change since August 2016)
Yaletown: 1.438 | +303.9% (change since August 2016)
This August we have seen record low inventory numbers, for the season. The buyer demand is outpacing the supply. Sales to active listing ratios are high and the average sale prices continue climbing.