Coal Harbour’s Condos is proud to present an up-to-date and detailed market report for the downtown neighbourhoods from August 22nd – August 29th.
Downtown Vancouver Market Update August 22nd – August 29th
Downtown confirmed attachd sales volume also depreciated this week, at roughly the same rate as downtown listing supply; we saw 49 confirmed attached sales downtown in this period (a decrease from the 54 confirmed attached sales we had seen last week), which accounted for around 51% of the overall 96 confirmed attached sales we witnessed across Vancouver West. Yaletown continued to post strong numbers, and subsequently led the way on the sales side as well this week, we saw 24 confirmed attached sales in Yaletown in this period (a second consecutive week of improvements from the 16 confirmed attached sales we had seen previously). The dense downtown core neighbourhoods had an uncharacteristically weak showing with 9 confirmed attached sales this week (a drop from the 17 confirmed attached sales we’d seen previously). Coal Harbour continued to post relatively stable figures with 7 confirmed attached sales this week (compared to the 6 confirmed attached sales we had seen in the previous recorded period). Our sales to listings ratio remained static this week, as we saw both listing supply and confirmed sales volumes decline at a roughly even pace; there were 49 confirmed attached sales to 86 new attached listings for a downtown saturation rating of roughly 56% (the same ratio we saw last week).
If you’re interested in more specific building or neighbourhood sales and listing information please get in touch with Susan at (604)970-3658.
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