DT Vancouver - 1br Condo - MARKET SUMMARY

MARKET SUMMARY (Sept 12/25) Last 90 days:

Criteria: Downtown Vancouver – 1br, Built between 2007 – 2016, Downtown Vancouver

QUICK STATS:

# of condos for sale: 74
# of sales: 21
# expired/failed to sell: 55

MEDIAN:

Asking Price: $599k ($1,022/SF). 571SF
Selling Price: $610k ($992/SF). 591SF
Expired/Failed to sell: $624k ($1,038/SF) 588SF

TALK TO ME: SUMMARY

In downtown Vancouver, units that are not selling are approximately 5% over-priced.  The size of unit is not a big determiner in whether a 1br unit is selling or not as sold units vs not-sold are nearly the same. The big story for 1br condos in DT Vancouver is the time to sell. Sales absorption is approximately 10 months (it would take 10 months to sell all current Active 1br on the market). Lots of competition.

Note: 15 of the 21 sold has 1 parking spot. 39 of 74 Active listings offer 1 parking spot. 26 of 55 failed to sell, have parking spots. There is distinguishable advantage to sell if a condo offers a parking spot. Nearly 50% of failed to sell units have parking; they did not sell based on Zero parking offering.

COMPARED TO 2024

QUICK STATS:

# of condos for sale: 68
# of sales: 33
# expired/failed to sell: 49

MEDIAN:

Asking Price: $599k ($1,011/SF). 583SF
Selling Price: $649k ($1,023/SF). 589SF
Expired/Failed to sell: $656k ($1,070/SF) 605SF

TALK TO ME: SUMMARY

Sales volume down by 57% in 2025.

Active inventory down by 9% in 2025. Less competition now in 2025.

Exact same size of units are selling

12% less units ‘not sold’ in 2025.

Price of sold units down by 3%. Prices are down

FOR SALE: 505, 66 W Cordova St, Vancouver. 1br, 534SF. $496,000