Condos & Townhomes: Vancouver Downtown, Westside & Eastside in August 2022


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.  

The most active price band for condo sales in downtown Vancouver was for listings priced between $300,000 to $1,250,000.

Infographic displaying downtown Vancouver condo & townhome sales data.

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. 

The most popular configuration of condos were studios and 1-bedroom units.

Infographic displaying Vancouver East condos & townhomes sales data.

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. 

The most active price bands for Vancouver West were for condos priced between $500,000 to $1,250,000.

Infographic displaying condo and townhome sales data in Vancouver.

Interested in reading about detached home sales in August 2022? Read our monthly summary here.

Listings in Kitsilano, Vancouver West

2296 W 14th Avenue, Kitsilano, Vancouver West photo number 2
COMING SOON
2296 W 14th Avenue  
Kitsilano, Vancouver West
$3,850,000 House 5 Beds 3 Baths 2,970 sqft

Listed by TRG Commercial Realty Ltd..

2478 W 5th Avenue, Kitsilano, Vancouver West photo number 2
COMING SOON
Open House Nov 9th, 1-3PM
2478 W 5th Avenue  
Kitsilano, Vancouver West
$799,000 Townhome 2 Beds 2 Baths 855 sqft

Listed by Macdonald Realty.

303 - 3220 W 4th Avenue, Kitsilano, Vancouver West photo number 2
COMING SOON
303 - 3220 W 4th Avenue  
Kitsilano, Vancouver West
$1,099,000 Condo 2 Beds 2 Baths 1,049 sqft

Listed by RE/MAX 2000 Realty.

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.