VANCOUVER DOWNTOWN RESALE MARKET SUMMARY

MLS Resale Highlights

Average sales values per square foot have decreased by $144 when compared with the Fourth Quarter of 2022 for High Rise product

The number of High Rise listings has decreased from 195 to 166 while High Rise resales increased by two when compared to the Fourth Quarter of 2022

For High Rise condominiums, the average per square foot values of one and two bedroom units decreased by $1 and $189, respectively, since the Fourth Quarter of 2022

The months of supply for resales in the High Rise market has decreased from 12.9 months to 10.0 months when comparing to the same quarter last year

The sales range has decreased by $115,00 on the lower end but increased by $698,000 on the higher-end over the past four quarters for High Rise product

The average time a unit is on the market has decreased for High Rise by one day when compared to the Fourth Quarter of 2022