Downtown Vancouver One-Bedroom Condo Update
Currently there are 127 one-bedroom homes (freehold strata) for sale in the Downtown area of Vancouver (not including Coal Harbour, West End, and Yaletown), ranging in asking price from $499,999 to $1,950,000. The average asking price is $740,407 and the median asking price is $699,000. Asking prices per square foot range from $871 to $2,117. There have been 141 sales in the last 90 days, ranging in sale price from $425,000 to $1,100,000. The average sale price was $687,263 and the median sale price came in at $680,000. With 45 sales last month and 127 homes for sale right now, there is a supply of a little under 3 months, meaning the Absorption Rate is about 3. The Absorption Rate is the ability of the real estate market to absorb or sell all of the homes for sale in a given amount of time. A supply of 3 months or less (a.k.a. an Absorption Rate of 3 or less) generally favours sellers and a supply of 6 months or more generally favours buyers. Sale prices per square foot have ranged from $801 to $1,505 during the last 3 months. According to the Housing Price Index, values in the Downtown area are about the same as they were at the beginning of the year. They are about 5% higher than July of last year and are about 4% lower than they were in March of this year.
Number of Bedrooms in Current Downtown Vancouver Condos For Sale:
There are 14 studio homes
There are 127 one (1) bedroom homes
There are 130 two (2) bedroom homes
There are 25 three (3) bedroom homes
There are 4 four (4) bedroom homes
There are 1 five (5) bedroom homes
There are zero six (6) bedroom homes
There is 1 seven (7) bedroom home
Price Range of Current Downtown Vancouver Condos For Sale:
There are currently 56 homes priced under $650,000 in the Downtown area of Vancouver
$ 400,000 - $500,000 – 8
$ 500,000 - $600,000 – 29
$ 600,000 - $700,000 – 43
$ 700,000 - $800,000 – 43
$ 800,000 - $900,000 – 27
$ 900,000 - $1,000,000 – 18
$ 1 - 1.1 million – 15
$ 1.1 - 1.2 million – 16
$ 1.2 - 1.3 million – 16
$ 1.3 - 1.4 million – 9
$ 1.4 - 1.5 million – 5
$ 1.5 - 1.75 million – 10
$ 1.75 - 2.0 million – 18
$ 2.0 - 2.5 million – 7
$ 2.5 - 3.0 million – 7
$ 3.0 - 4.0 million – 14
$ 4.0 - 5.0 million – 5
$ 5.0 - 6.0 million – 4
$ 6.0 - 7.0 million – 0
$ 7.0 - 10.0 million – 4
> $10 million – 2
Downtown Vancouver Condos For Sale By Community:
Coal Harbour - 139 homes for sale
Downtown – 301 homes for sale
West End – 179 homes for sale
Yaletown – 236 homes for sale