Urban Condo Market Squeezed Last Week

There was a rather robust amount of activity in the urban condo market last week with inventory taking a big squeeze and getting much tighter. Units pending and closing were outstripping new listings 10:1. It seems the mad rush to the ‘Couv’ is still very much alive and well as buyers for Vancouver’s mid-rise and high-rise condos were out in force over the last several weeks.

Across all price ranges from mid range to high end, units are getting snapped up. The following developments have no units left for sale in Vancouver’s urban core:

  • Academy Square, Downtown
  • Frontier Block at 500 Broadway, Downtown
  • Parkview at Vancouvercenter, Downtown
  • Shorewood
  • Tidewater Cove

Among the others there is still slim pickings:

  • Viewpoint at Vancouvercenter, Downtown has 1 unit available $979k
  • Heritage Place, Downtown has 1 unit available $309k
  • Meriwether at Columbia Shores has 2 units available, $1M & 1.75M
  • Northwynd at Columbia Shores has 4 units available from $350k to $455k
  • The Village at Columbia Shores has 3 units available from $$321k to $380k
  • Kirkland Tower on the Waterfront has an undisclosed number of units ranging from $910k to $3.3M

So long as our local government doesn’t get stupid, Vancouver’s urban condo market will continue to be solid attracting people from all over the metro area and beyond. Other than Portland, no city in the region has a true urban city center anywhere near the density of Vancouver, nor as well amenitized as Downtown Vancouver and the Waterfront. For those disinterested in the urban living scene, Vancouver also offers a vast variety of SFR neighborhoods from urban classics dating to the 19th century to every decade of post war suburbia from the 1950’s through right now. Vancouver offers something for everyone 🙂

Call Rod today for information on the exciting living opportunities in Vancouver USA!

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