Vancouver’s Downtown real estate market in August saw the average sale price at $577,000 or $654psf, which is equal to Sept’12 and that was an all time high. Currently 373 listings and they’re trending down, having peaked in Jun’10 at 700.
August sales were 79, down from the peak in Jul’09 which was 157. Average days on maket was 34.
Sales to active listings was 21% and sellers moved an average of 3 1/2% off list price.
A well balanced market!
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Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3
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