Ian Watt Personal Real Estate Corporation - Sutton Group West Coast

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How is the Luxury Condo Market Doing in Downtown Vancouver, Yaletown, Downtown, Coal Harbour, Gastown and the West End?

How is the Luxury Condo Market Doing in Downtown Vancouver,  Yaletown, Downtown, Coal Harbour, Gastown and the West End?

For the Downtown core, which include the areas of Yaletown, Downtown, Coal Harbour, Gastown and the West End, I have broken down a search in 3 categories of luxury condo properties for January 1 to September 30 2010, 2011, and 2012.


$2,000,000 to $5,000,000

2010 there were 58 Sales, average 71 Days on the market, and the average $ per square foot was $1,243 / SF.
2011 there were 76 Sales, average 93 Days on the market, and the average $ per square foot was $1,354 / SF.
2012 there were 80 Sales, average 95 Days on the market, and the average $ per square foot was $1,321 / SF.


$5,000,000 to $10,000,000

2010 there were 5 Sales, average 52 Days on the market, and the average $ per square foot was $1,634 / SF.
2011 there were 5 Sales, average 130 Days on the market, and the average $ per square foot was $1,641 / SF.
2012 there were 3 Sales, average 138 Days on the market, and the average $ per square foot was $1,402 / SF.


$10,000,000 and Up

2010 there were 0 Sales
2011 there was 1 Sales, average 123 Days on the market, and the average $ per square foot was $1,351 / SF.
2012 there were 0 Sales


The only $10,000,000 plus unit to sell was 4101 1077 W Cordova Street. It shows it sold in 123 days however it was listed 8 times since 2007 starting with an original list price of $19,800,000.

Its quite obvious that the amazing penthouses and luxury condos for sale show we have many affluent owners, unfortunately the lack of super high end sales shows we don't have too many buyers.



Should you have any further questions, please don't hesitate to email me at your convenience.

Have a great day.

Ian Watt

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