{"id":79,"date":"2021-11-18T14:25:29","date_gmt":"2021-11-18T19:25:29","guid":{"rendered":"https:\/\/www.kenstef.com\/blog\/?p=79"},"modified":"2021-11-18T14:25:29","modified_gmt":"2021-11-18T19:25:29","slug":"condos-and-townhomes-in-downtown-vancouver-vs-outside-of-it-in-october-2021","status":"publish","type":"post","link":"https:\/\/bcoceansideproperties.com\/blog\/condos-and-townhomes-in-downtown-vancouver-vs-outside-of-it-in-october-2021\/","title":{"rendered":"Condos & Townhomes – Downtown Vancouver vs Outside Of It in October 2021"},"content":{"rendered":"

\u201cLocation, location, location!\u201d they say, and indeed convenience and accessibility is a major factor in making moves in real estate.<\/span> Downtown Vancouver<\/span><\/a> has always been a sought after market for <\/span>condos & townhomes<\/span><\/a>, of course. The expansion of the <\/span>Canada Line Skytrain that connected YVR to Downtown Vancouver in 2009<\/span><\/a>, and the upcoming <\/span>Skytrain expansion that will connect UBC to East Vancouver<\/span><\/a> are <\/span>making more neighbourhoods across Vancouver <\/span><\/a>convenient places to call home, or invest in.<\/span><\/p>\n

Downtown Vancouver Wasn\u2019t The Star For Condos & Townhomes<\/strong><\/h4>\n

For attached homes (<\/span>condos<\/span><\/a>, <\/span>lofts<\/span><\/a>, <\/span>penthouses<\/span><\/a> & <\/span>townhomes<\/span><\/a>) this gain in popularity across different neighbourhoods across Vancouver was evident in October of 2021. While <\/span>Downtown Vancouver units moved at a healthy 23% sales ratio<\/span><\/a>, <\/span>condos & townhomes in Vancouver neighbourhoods outside of the Downtown peninsula moved at a much faster 35%<\/span><\/a>.<\/span><\/p>\n

Over Asking vs Under Asking Prices for Condos\/Townhomes in Vancouver<\/strong><\/h5>\n

Attached homes outside of Downtown were going for 3% over asking<\/span><\/a>, whereas Downtown Vancouver ones went for 1% below asking.<\/span> Coal Harbour was the most stagnant of all<\/span><\/a>, with a 14% sales ratio (21 sold with 150 added to inventory), while<\/span> Downtown VW moved at 28%<\/span><\/a>, with <\/span>The West End<\/span><\/a> &<\/span> Yaletown<\/span><\/a> trailing at 24% and 22%, respectively.\u00a0<\/span><\/p>\n

Popular Price Bands for Downtown Vancouver Condos & Townhomes<\/strong><\/h4>\n

Some price bands moved at above 50% sales ratio in Downtown Vancouver<\/span><\/a>, however. <\/span>The luxury listing priced over $3M saw only 5 sales<\/span><\/a>, <\/span>while almost 150 sales were logged for units between $500k to $1M.<\/span><\/a> Here are the top 5 price bands with at least 10 sales per:<\/span><\/p>\n

    \n
  1. Downtown Vancouver Homes Priced $500k~$600k (51% sales ratio)<\/span><\/a><\/li>\n
  2. Downtown Vancouver Homes Priced $700k~$800k (46% sales ratio)<\/span><\/a><\/li>\n
  3. Downtown Vancouver Homes Priced $600k~$700k (43% sales ratio)<\/span><\/a><\/li>\n
  4. Downtown Vancouver Homes Priced $800k~$900k (42% sales ratio)<\/span><\/a><\/li>\n
  5. Downtown Vancouver Homes Priced $900k~$1m (28% sales ratio)<\/span><\/a><\/li>\n<\/ol>\n

    Downtown Vancouver condos priced $300k~$400k moved at 75% ratio<\/span><\/a>, but only 3 units moved with 4 listings added, and was not included in the above list as the sample size is too small to add a lot of significance.\u00a0<\/span><\/p>\n

    Popular Price Bands for Vancouver Condos & Townhomes Outside Downtown<\/strong><\/h4>\n

    Condos<\/span><\/a>, <\/span>lofts<\/span><\/a>, <\/span>penthouses<\/span><\/a> and <\/span>townhomes<\/span><\/a> outside of Downtown had an even busier month in October. For<\/span> non-Downtown Vancouver listings priced $500k to $1.5m<\/span><\/a> (the most active price bands) there were well over 210 units trading hands. The 5 most popular price bands with at least 10 sales were:<\/span><\/p>\n

      \n
    1. Westside Condos & Townhomes Priced $500k~$600k (71% sales ratio)<\/span><\/a><\/li>\n
    2. Westside Condos & Townhomes Priced $800k~$900k (59% sales ratio)<\/span><\/a><\/li>\n
    3. Westside Condos & Townhomes Priced $1.25m~$1.5m (52% sales ratio)<\/span><\/a><\/li>\n
    4. Westside Condos & Townhomes Priced $600k~$700k (48% sales ratio)<\/span><\/a><\/li>\n
    5. Westside Condos & Townhomes Priced $700k~$800k (45% sales ratio)<\/span><\/a><\/li>\n<\/ol>\n

      Non-Downtown Vancouver condos priced $400k~$500k sold extremely well at 88% ratio<\/span><\/a>, albeit only seeing 7 units moved with 8 listings, also becoming a small volume outlier segment.<\/span><\/p>\n

      Want to see which Vancouver condos sold, and for how much, in October?<\/strong><\/h4>\n

      To get a detailed report on attached listings sold across Downtown Vancouver and other areas of Downtown,<\/span> please contact Ken & Samantha now.<\/span><\/a><\/p>\n

       <\/p>\n","protected":false},"excerpt":{"rendered":"

      \u201cLocation, location, location!\u201d they say, and indeed convenience and accessibility is a major factor in making moves in real estate. Downtown Vancouver has always been a …<\/p>\n","protected":false},"author":2,"featured_media":81,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,8,7],"tags":[22,11,18,24,37,38,3,19,12,10,17],"yoast_head":"\nCondos & Townhomes - Downtown Vancouver vs Outside Of It in October 2021 -<\/title>\n<meta name=\"description\" content=\"Attached homes outside Downtown faster than the ones in Downtown Vancouver this October. 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