vancouver downtown CONDO - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 11% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 4% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 23% VS 2024
▼ 11% VS 2024
▼ 8% VS 2024
▼ 10% VS 2024
There were 1,091 condo listings in Vancouver Downtown in February, 14% above January and 23% higher than February 2024. February condo sales increased by 17% month-over-month, to 118, and were 10% below February 2024. The sales-to-listing ratio for condos in Vancouver Downtown, at 11%, re'ected a buyers' market. The condo median price in February was $736,500, a 5% decrease from January and 8% below February 2024. The average sold price was $897,971, 8% below last month; the average PSF sale price was $1,107, up 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 131 885
% Change
No. 101 958
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,107 $897,971 $736,500 11% 118 1,091
-4% -11% -8% -27% -10% 23%
2% -8% -5% 3% 17% 14%
$1,152 $1,008,904 $798,000 15%
$1,084 $981,187 $775,000 11%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,102
1,097
1,213
1,185
1,188
1,180
1,167
1,091
1,121
885
958
958
911
173
173
165
157
151
120
108
101
131
118
170
121
130
$856K
$820K
$830K
$805K
$798K
$788K
$794K
$790K
$775K
$750K
$745K
$740K
$737K
VANCOUVER DOWNTOWN
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
250
4+ bdrms
17
200
3
150
3 bdrms
88
100
44
18%
2 bdrms
15% 13%
11%
10%
50
519
4%
1%
0
71
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
138 25 18%
268 39 15%
174 23 13%
125 13 10%
96 4 4%
110 12 11%
44 0 n/a
136 2 1%
467
Copyright © 2025 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 10, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 51 ●
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