Vancouver Condo Market Report – July 2022

Q: How many homes sold in Vancouver in July 2022?

374 condo properties sold in Vancouver during July 2022 based on MLS® records. There were 12,940 active listings at the start of the month. A total of 776 new listings came to market during the month.

Q: What is the average home price in Vancouver?

The average condo sold price in Vancouver in July 2022 was $935,015. Sold prices ranged from $280,000 to $7,300,000. Data is sourced from MLS® board records.

Q: How long are homes sitting on the market in Vancouver?

In July 2022, condo properties in Vancouver averaged 23 days on the market before selling. With an absorption rate of 2.9%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

Q: How has the Vancouver market changed compared to last year?

The average condo sold price in Vancouver in July 2022 was $935,015, up 5.1% year-over-year compared to July 2021 ($889,751). Sales volume was down 29.7% compared to the same month last year. Data is sourced from MLS® sold records.

Vancouver is an active condo market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Vancouver based on MLS® data.

← June 2022 Next month →

374

Units Sold

$935,015

Avg Sold Price

23d

Avg Days on Market

Buyer's Market

Market Condition

12,940 active at start of month 776 new listings Absorption rate: 2.9% Highest sold: $7,300,000 Lowest sold: $280,000

How Does July 2022 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
July 2022 (this report)	374	$935,015	23d
June 2022 month prior	447 -16.3%	$888,779 +5.2%	19d +21.1%
July 2021 year ago	532 -29.7%	$889,751 +5.1%	—

3-Year Price Trend — Vancouver Condo

The Vancouver condo real estate market was a Buyer's Market in July 2022, with 12,940 active listings at the start of the month, 374 properties sold, an average sold price of $935,015, properties averaging 23 days on market, an absorption rate of 2.9%. All data is sourced from MLS® sold records.

Recently Sold in Vancouver

1480 Howe Street

Sold $651,500

1 bd • 1 ba • Apartment

1100 Harwood Street

Sold $255,000

1 bd • 1 ba • Apartment

1708 Columbia Street

Sold $635,000

1 bd • 1 ba • Apartment

2110 Cornwall Avenue

Sold $999,000

2 bd • 1 ba • Apartment

667 Howe Street

Sold $2,300,000

2 bd • 2 ba • Apartment

1133 Hornby Street

Sold $800,000

2 bd • 2 ba • Apartment

Active Listings in Vancouver

1228 Marinaside Crescent

$1,389,000

3 bd • 2 ba • Apartment

5981 Gray Avenue

$1,187,000

3 bd • 2 ba • Apartment

1723 Alberni Street

$918,000

2 bd • 2 ba • Apartment

1106 Pacific Street

$499,999

1 bd • 1 ba • Apartment

1476 10th Avenue

$535,000

1 bd • 1 ba • Apartment

110 Switchmen Street

$3,388,000

3 bd • 2 ba • Apartment

Top Buildings in Vancouver

Senákw

6,000 units

Quantum Park

3,000 units

Oakridge Center Redevelopment

2,914 units

Cambie Gardens

2,160 units

Wall Centre Central Park

1,060 units

Wall Centre Central Park North

623 units

Prepared by

Hani Faraj

RE/MAX Crest • 604-229-3342
Your Vancouver specialist

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Related: Vancouver Condo Archive → Live Market Stats → All BC Reports →

Frequently Asked Questions — Vancouver July 2022

Is it a good time to buy in Vancouver? −

In July 2022, the Vancouver condo real estate market is classified as a Buyer's Market with an absorption rate of 2.9%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

How many homes sold in Vancouver in July 2022? +

What is the average home price in Vancouver? +

How long are homes sitting on the market in Vancouver? +

How has the Vancouver market changed compared to last year? +

Last Update: 06/04/2026 Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.