Sold Condos Statistics
Click the Links Below to see the lists of All the properties Sold in each areas of Downtown for each Month:
What is a mean Average?
The Average price is obtained by dividing the total dollar volume of sales by the number of sales.
What is a Median Average?
To obtain a Median price, all of the sales prices are arrayed in numeric order. In the case of an even number of sales, the median is the highest price in the lower half of the group. If there is an odd number of sales, the midpoint sale is taken as the median.
What is the Sales-to-active listings ratio (SALR)?
The ratio of home sales to active listings is a good indication of any upward or downward pressure on home prices. Figure 1 illustrates the relationship between the sales-to-active listings ratio (SALR) and changes in home prices in Vancouver. As home sales rise relative to the number of homes listed for sale, home prices are pushed higher.
In 2008, a contraction in demand and an increase in the number of home listings pulled the SALR down sharply, below 0.10 or 10%, leading to a strong buyers market and declining home prices. A dramatic increase in demand this year had the reverse effect, drawing down the supply of homes for sale and pushing the SALR above 0.25 or 25%, leading to upward pressure on home prices.
This is a good rule of thumb: home prices are typically pulled downward when the SALR is below 0.10 or 10% and pushed upward when above 0.25 or 25%. Home prices tend to exhibit little upward or downward pressure when the SALR is between 0.15 and 0.20. In other words, home sales are 15-20 per cent of the total active listings in a given month. At this level, a relative balance exists between supply and demand.
JANUARY 2010 - 262 Condos Sold Downtown Vancouver:
Sale to Active Listing Ratio (SALR): 25.3%
Average: 863 sq.ft. - Listed: $590,941 - Sold: $574,366 - Days on Market: 37
JANUARY 2010 - 139 CONDOS SOLD IN YALETOWN / DOWNTOWN (Average Sold Price: $490,462)
JANUARY 2010 - 33 CONDOS SOLD IN FALSE CREEK NORTH (Average Sold price: $795,903)
JANUARY 2010 - 22 CONDOS SOLD IN COAL HARBOUR (Average Sold price: $836,426)
JANUARY 2010 - 53 CONDOS SOLD IN THE WEST END (Average Sold Price: $547,698)
DECEMBER 2009 - 182 Condos Sold Downtown Vancouver:
Sale to Active Listing Ratio (SALR): 20.8%
Average: 840 sq.ft. - Listed: $569,989 - Sold: $554,719 - Days on Market: 41
DECEMBER 2009 - 89 CONDOS SOLD IN YALETOWN / DOWNTOWN (Average Sold Price: $467,093)
DECEMBER 2009 - 19 CONDOS SOLD IN FALSE CREEK NORTH (Average Sold price: $727,505)
DECEMBER 2009 - 19 CONDOS SOLD IN COAL HARBOUR (Average Sold price: $783,994)
DECEMBER 2009 - 35 CONDOS SOLD IN THE WEST END (Average Sold Price: $559,277)
NOVEMBER 2009 - 285 Condos Sold Downtown Vancouver:
Sale to Active Listing Ratio (SALR): 28.5%
Average: 873 sq.ft. - Listed: $624,139 - Sold: $607,822 - Days on Market: 34
NOVEMBER 2009 - 164 CONDOS SOLD IN YALETOWN / DOWNTOWN (Average Sold Price: $471,389)
NOVEMBER 2009 - 39 CONDOS SOLD IN FALSE CREEK NORTH (Average Sold price: $818,512)
NOVEMBER 2009 - 30 CONDOS SOLD IN COAL HARBOUR (Average Sold price: $1,203,716)
NOVEMBER 2009 - 48 CONDOS SOLD IN THE WEST END (Average Sold Price: $582,597)
OCTOBER 2009 - 288 Condos Sold Downtown Vancouver:
Sale to Active Listing Ratio (SALR): 28.8%
Average - 939 sq.ft. - Listed: $700,269 - Sold: $674,584
Median - 797 sq.ft. - Listed: $469,000 - Sold: $459,000
OCTOBER 2009 SOLD CONDOS IN YALETOWN / DOWNTOWN
OCTOBER 2009 SOLD CONDOS IN FALSE CREEK NORTH
OCTOBER 2009 SOLD CONDOS IN COAL HARBOUR
OCTOBER 2009 SOLD CONDOS IN THE WEST END
SEPTEMBER 2009 - 292 Condos Sold Downtown Vancouver:
Sale to Active Listing Ratio (SALR): 29.3%
Average - 922 sq.ft. - Listed: $674,361 - Sold: $655,739
Median - 773 sq.ft. - Listed: $476,500 - Sold: $471,900
SEPTEMBER 2009 SOLD CONDOS IN YALETOWN / DOWNTOWN
SEPTEMBER 2009 SOLD CONDOS IN FALSE CREEK NORTH
SEPTEMBER 2009 SOLD CONDOS IN COAL HARBOUR
SEPTEMBER 2009 SOLD CONDOS IN THE WEST END
AUGUST 2009 - 333 Condos Sold Downtown Vancouver:
Average - 832sq.ft. - Listed: $568,861 - Sold: $554,337
AUGUST 2009 SOLD CONDOS IN YALETOWN / DOWNTOWN
AUGUST 2009 SOLD CONDOS IN FALSE CREEK NORTH
AUGUST 2009 SOLD CONDOS IN COAL HARBOUR
AUGUST 2009 SOLD CONDOS IN THE WEST END
JULY 2009 - 289 Condos Sold Downtown Vancouver:
Median - 754sq.ft. - Listed: $429,000 - Sold: $426,250 - Price/Sq.Ft: $608
JULY 2009 SOLD CONDOS IN YALETOWN / DOWNTOWN
JULY 2009 SOLD CONDOS IN FALSE CREEK NORTH
JULY 2009 SOLD CONDOS IN COAL HARBOUR
JULY 2009 SOLD CONDOS IN THE WEST END
JUNE 2009 - 321 Condos Sold Downtown Vancouver:
Average - 841 sq.ft. - Listed: $561,734 - Sold: $542,485 - Price/Sq.Ft: $615
Median - 739sq.ft. - Listed: $428,500 - Sold: $422,500 - Price/Sq.Ft: $594
JUNE 2009 SOLD CONDOS IN YALETOWN / DOWNTOWN
JUNE 2009 SOLD CONDOS IN FALSE CREEK NORTH
JUNE 2009 SOLD CONDOS IN COAL HARBOUR
JUNE 2009 SOLD CONDOS IN THE WEST END
MAY 2009 - 288 Condos Sold Downtown Vancouver:
Average - 861 sq.ft. - Listed: $571,702 - Sold: $541,402 - Days on Market: 53
Median - 739sq.ft. - Listed: $419,250 - Sold: $412,000 - Days on Market: 33
MAY 2009 SOLD CONDOS IN YALETOWN / DOWNTOWN
MAY 2009 SOLD CONDOS IN FALSE CREEK NORTH
MAY 2009 SOLD CONDOS IN COAL HARBOUR
MAY 2009 SOLD CONDOS IN THE WEST END
Housing markets are affected by a myriad of seemingly complicated factors. Each week, a barrage of statistics on such things as retail sales, unemplyment rates, GDP growth, exchange and interest rate, housing starts and so forth flood the air waves. Supply and demand are central components to current home prices. Over the long term, the housing stock expands to meet the need of a growing population. However, short term market imbalances are common, as it's difficult for home builder and city planners to respond quickly to fluctuations in consumer demand.
The delay between changes in demand and the number of newly completed homes creates periods of under-supply and over-supply that impacts home prices. The number of homes for sale in the resale market typically has an even larger impact, as there are many more homes for resale than new. Since home builders take their cue from conditions in the resale market, we'll focus our attention there.
When a housing market is 'hot', there's a relatively high level of demand to the available supply, and the opposite in a 'cool' market. It's a myth that demand actually exceeds the overall supply in a hot market. What's closer to the mark is that the quantity of homes demanded at a certain price exceeds the supply available at that price. Under these conditions, home prices are bid up through competing offers on competitively priced homes.
In a cool market, home sellers compete with one another in price to attract a buyer from a limited pool of house hunters. Thus, a buyers' or sellers' market depends on the relative level of demand and supply. Real estate practitioners pay close attention to the number of homes for sale and the level of actual transactions. Active listings, the total number of homes for sale on the Multiple Listing Service® (MLS®), can be compared to the number of actual MLS® home sales in any given month.
