Vancouver’s Downtown condos now at Nov’09 prices , with average sale price of $482,000 in October. Downtown listings dipped to 457, 14% lower than a year ago and Downtown sales ticked up to 72, 20% below a year ago. Downtown days on the market was 70. The average $psf is 626. Downtown sales to active ratio increased to 16%, now in balanced market territory. A good time to buy!
How Have Vancouver Downtown Condos Performed Vs. Townhomes?
Vancouver’s Downtown condo sales are performing the best at the bottom of the market, with 75% of sales under $500,000 in October. YTD half the townhome sales have been under $600,000.
Where’s the Best Value for Vancouver’s Downtown Properties?
Compared to a year ago, Downtown condos under $360,000 are the best value, with an 4.5% loss. Townhomes under $575,000 rose less than the higher priced townhomes.
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