Condo & Townhome Sales in the Downtown Core
Capping off a slower summer for the real estate market, August’s sales numbers in Vancouver’s downtown core have remained relatively stable despite the ongoing drop in sales overall. The neighbourhoods of West End, Yaletown and Downtown VW continued their jockeying for the lead in condo and townhome sales. Last month West End led with a 21% sales ratio, with Downtown VW at 20% and Yaletown at 18%. Coal Harbour’s lagging numbers left it with a 9% sales ratio.
- View all available condo listings in West End.
- View Yaletown and Downtown VW condo listings and townhomes for sale.
The most active price band for condo sales in downtown Vancouver was for listings priced between $300,000 to $1,250,000.
Eastside
Regarding sales volume rather than sales ratio, the top three neighbourhoods in August 2022 are Mount Pleasant (20), Collingwood (18) and South Marine (15). All other Vancouver East neighbourhoods saw single-digit sales of condos and townhomes during August. It’s interesting how these neighbourhoods, for the most part once solely single-family homes, are leading the charge in sales of attached homes as larger multi-unit residential complexes are being built around mass transit stations. That also means that for residents looking to leave the car at home, these areas are easy to commute to and from.
- View Mount Pleasant condos and townhomes available for sale.
- Available Collingwood condos and see all townhome listings.
The most popular configuration of condos were studios and 1-bedroom units.
Westside
The Fairview neighbourhood has led the Vancouver Westside in condo and townhome sales. With a sales ratio of 48%, owing to 30 sales against an inventory of 63, Fairview condos and townhomes appear to be in demand during the month of August. Closely following are the Kitsilano and University neighbourhoods. Typically, Kitsilano has been associated with a younger population and the University neighbourhood’s namesake is the nearby University of British Columbia. It’s possible the sale of condos in these two neighbourhoods could in part have been due to the impending return to classes for post-secondary students.
- Available condo listings in Kitsilano and townhomes for sale.
- View University neighbourhood townhomes and condos listed for sale.
The most active price bands for Vancouver West were for condos priced between $500,000 to $1,250,000.
Interested in reading about detached home sales in August 2022? Read our monthly summary here.
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