DT Vancouver Luxury condo update - Sept 15/2023

Current Marketplace Summary – Sept 15 - $2.5 - $3.5M

Defining this Luxury Market
Downtown neighbourhoods: Coal Harbour, West End, Yaletown, Downtown
Price Range $2.5M - $3.5M – 74 Active for Sale (down from 43 15/8/23)
Floor height – 40+ - 7 Active ($1,956/sf - $2,096/sf). 0 Sold in 90 days. 1 sold in last 90 days. (1,559sf - $1,635/sf)

40+ level - $2.5-$3.5M
7 Active. 1 Burrard One (New), 3 - Vancouver House, 1 One Wall Center, 1 One Burrard Place, 2 Garden Residences (Telus)
Median asking price $2.980M ($1,993/sf)

40+ level - $2.0-$3.5M
8 Active. 2 Sold last 90 days. Burrard One (New, $1928/sf) Paradox $1,635/sf. This sales # is usually quite higher. Little worrisome that there is not more sales volume at this lower price point/range.

Age – Built 2012 to 2019, $2.5M - $3.5M, last 90 days, Median prices (all floor levels)

Active – 9. $1,888/sf.
Sold – 1
Expired/Terminated – 4. $1,536/sf

The Garden Residences - 777 Richards St - $2M+

• PH1 – still off market
• PH7 - 1,827sf, 2br, $2.388M ($1,307/sf). Reduced from $2.588M to $2.388M
• 5003 – 1,353sf, 3br, $2,202/sf.