Vancouver luxury condo sales (over $2M) YTD are down 30% compared to last year and the average sale price is 3% lower, equating to a drop of just under $100,000. The number of luxury Vancouver condo listings increased to 16 months. Sellers on an average moved 8% from the asking price. February and March had the most sales, whilst July has been the slowest month of the year with only 2 sales. Vancouver waterfront prices bucked the trend and moved up.
How is The Luxury Vancouver Condo Market Over $5M?
YTD sales are the same as last year – only two but there are 26 listings over $2M, resulting in over a year’s inventory. Read more