VANCOUVER DOWNTOWN RESALE MARKET SUMMARY

MLS Resale Highlights

Average sales values per square foot have decreased by $219 when compared with the First Quarter of 2022 for High Rise product

The number of High Rise listings has increased from 176 to 248, while High Rise resales decreased by 96 when compared to the First Quarter of 2022

The average per square foot values of one and two bedroom High Rise condominiums decreased by $126 and $6, respectively, since the First Quarter of 2022

The months of supply for resales in the High Rise market has increased from 3.7 months to 14.0 months when comparing to the same quarter last year

The sales range has decreased by $35,000 on the lower end and decreased by $756,667 on the higher-end over the past four quarters for High Rise product

The average time a unit is on the market has increased for High Rise by 13 days since the First Quarter of 2022