VANCOUVER DOWNTOWN RESALE MARKET SUMMARY

MLS Resale Highlights

Average sales values per square foot have increased by $152 when compared with the Fourth Quarter of 2021 for High Rise product

The number of High Rise listings has increased from 155 to 193, while High Rise resales decreased by 70 when compared to the Fourth Quarter of 2021

The average per square foot values of one bedroom High Rise condominiums decreased by $17 while the two bedroom High Rise condominiums increased by $193 since the Fourth Quarter of 2021

The months of supply for resales in the High Rise market has increased from 4.0 months to 12.9 months when comparing to the same quarter last year

The sales range has increased by $38,100 on the lower end and increased by $315,000 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 27 days since the Fourth Quarter of 2021