Condos & Townhomes in Downtown
The condo & townhome market in downtown Vancouver saw no increase or decrease in sales in October, instead repeating September’s 127 sales. The changes mostly come from reductions in the Sale to List Price Ratio (-2%) and a 2% reduction in the average sale price.
The most active price band in downtown Vancouver is for condos & townhomes priced $500,000 to $800,000. The volume of sales in this price range makes up almost 50% of total sales. That is huge. Another price band of note is for properties ranging from $1M to $1.25M – coming in at a 19% sales ratio.
- View available condos for sale between $1M to $1.25M
- Browse townhome listings costing $1,000,000 to $1,250,000
The Downtown VW and Yaletown neighbourhoods saw the most sales activity during last month. Yaletown led the condo & townhome market for Vancouver’s downtown core with a 17% sales ratio. There are condos for sale in Yaletown, and townhome listings available in the neighbourhood. The broader Downtown VW neighbourhood held a close second with 15% sales ratio. Browse condos in Downtown VW here, or browse Downtown VW townhomes in Vancouver.
If you’re looking to purchase a condo or townhome in Vancouver West, then you might be inclined to purchase something affordable, if not accessible. That seems to be the sentiment for Vancouver West condos priced from $400,000 to $500,000 selling at a 43% ratio. In a broader sense, condos and townhomes from $400K up to $900K have sold well in October.
- Browse condos costing $400,000 to $900,000
- View available listings from townhomes from $400,000 to $900,000
October was a decent month for some neighbourhoods more so than others – and that can be expected to vary in this kind of market. At a 40% sales ratio owing to a total of 35 sales, Kitsilano takes the top spot.
Another longtime staple in the condo & townhome market is Fairview, with 30% ratio and 25 sales.
- Consider available condo listings in the Fairview neighbourhood.
- Look at townhomes for sale in Fairview.
Finally, the University neighbourhood performed an encore echoing last month in drawing homebuyers to pick up 21 properties at a 22% sales ratio.
According to the October 2022 SnapStats report, the Buyer’s Best Bet is a condo priced from $2,250,000 to $2,500,000 with at least 3 bedrooms in the Oakridge, Quilchena or South Cambie neighbourhoods.
Condos & townhomes in East Vancouver saw a 24% sales ratio last month, which is higher than both downtown and the Westside of Vancouver. The majority of homes for sale are below $1,500,000 so it shouldn’t be any surprise that the majority of sales are concentrated in the range of $400,000 to $700,000.
- Browse condos costing $400,000 to $700,000 in East Vancouver
- View available $400K to $700K townhome listings in the Eastside
Mount Pleasant VE had a high amount of sales for October 2022, with 31 sales (roughly 25% of the total) with a 37% sales ratio.
In second-place, the Grandview Woodland neighbourhood had a 34% sales ratio, albeit with only 11 sales.
- There are condos available in Grandview Woodland
- View townhomes in Grandview Woodland – home to Commercial Drive
Finally, in third place, Collingwood may only have a 21% sales ratio due to its high inventory, but with 23 sales it performed better than other neighbourhoods.
- View condos in the rapidly growing Collingwood neighbourhood
- See the townhomes for sale in Collingwood
According to the October 2022 SnapStats report, the Buyer’s Best Bet is a condo with 3 bedrooms priced from $1,000,000 to $1,500,000 in Downtown VE, Hastings, Killarney or South Marine.