The above chart excludes townhouse and duplex sales.

Here’s a quick look at the recent uptick in resales values and activity for Downtown Vancouver condos, which have reported to have taken quite an upturn over the last few months after having been relatively flat over the past few years.

Here is data derived from all Downtown Vancouver condo resales from 2011 to April 2016. A couple of observations:

• the average price YTD 2016 is $908 per SF (up from $761 for the same period 2015)
• Average sold price/list price ratio 2016 YTD is 1.03

The above data contains all downtown Vancouver condo resales. For simplicity, all luxury  condo sales above $2,000 per SF were removed (approx. 40 sales).

Data source: MLS/REBGV data

An analysis of year to date resales for concrete condos less than 3 years old shows that average pricing is approx. $800 per SF.

At 3.1% growth since 2006, average pricing has outpaced inflation, but pricing has been relatively flat in 2013, up less than 1% year over year.