Vancouver's Downtown condo market has seen listings stabilize since April, sales stabilize since June and the average selling price unchanged since June. Monthly Sales remain the highest since Jan'08.  Condos that  "expired" and didn't sell increased from 33 to 42 (vs. 78 in Jan) and only 7 got re-listed.   Average days on the market for condos that sold dropped to 25 and are the lowest since Jan'08. The average sale price for Downtown condos is $439,000 and higher than a year ago. The average $ pr sq ft for condos that sold is up to $611 and is the highest for this year.  A whopping 80% of the sales were under $500,000 and only 2 over $1M. The supply is flat for the last 3 months at 2.3 months (vs.16 months in October). Best selling price range is under $500,000 and over $1M is the slowest.  List price to sales price ratio is the highest for the year at 99%.  The market will remain steady until we see an increase in listings

Listings -436.  Least expensive $168,000 for 1 bd 558 sq.ft.. Most expensive -$6.6M for 3500 sqft in Residences on Georgia Sub-Penthouse.

Listings Inventory -  18 listings Downtown under $300,000.  92 between $300K and $400K.  106 listings between $400K and $500K.  124 condos listed between $500K and $700K.  47 listed between $700,000 and $1M.  46 listed over $1M, including 3 over $3M.

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