vancouver downtown CONDO - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 9% VS 2023
▲ 5% VS 2023
▲ 16% VS 2023
▲ 19% VS 2023
There were 910 condo listings in Vancouver Downtown in December, 17% below November and 16% higher than December 2023. December condo sales decreased by 8% month-over-month, to 120, and were 19% above December 2023. The sales-to-listing ratio for condos in Vancouver Downtown, at 13%, reflected a balanced market. The condo median price in December was $856,000, a 3% increase from November and 5% above December 2023. The average sold price was $1,180,619, 16% above last month; the average PSF sale price was $1,134, up 1.0% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 101 783
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
120 910
0.8% 9% 5% 2% 19% 16%
$1,123 $1,014,138 $830,000 12% 130 1,097
1% 16% 3% 11% -8% -17%
$1,134 $1,180,619 $856,000 13%
$1,125 $1,080,203 $815,000 13%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,102
1,097
1,213
1,185
1,188
1,180
1,167
1,121
885
958
910
783
768
173
173
165
157
151
108
101
120
101
170
131
121
130
$856K
$820K
$830K
$815K
$805K
$798K
$788K
$794K
$790K
$760K
$750K
$745K
$740K
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
2
4+ bdrms
200
18
150
10
3 bdrms
81
100
54
19%
18% 17%
17%
2 bdrms
50
13%
12%
438
8%
4%
0
54
<$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
96 18 19%
232 30 13%
142 26 18%
99 17 17%
76 6 8%
95 11 12%
42 7 17%
128 5 4%
373
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 January 13, 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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