Vancouver Condo Market Report – March 2023

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.

← February 2023 Next month →
454
Units Sold
$903,160
Avg Sold Price
27d
Avg Days on Market
Buyer's Market
Market Condition
15,814 active at start of month 807 new listings Absorption rate: 2.9% Highest sold: $7,862,000 Lowest sold: $322,000

How Does March 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
March 2023 (this report) 454 $903,160 27d
February 2023 month prior 346 +31.2% $944,089 -4.3% 33d -18.2%
March 2022 year ago 803 -43.5% $954,660 -5.4% —

3-Year Price Trend — Vancouver Condo

The Vancouver condo real estate market was a Buyer's Market in March 2023, with 15,814 active listings at the start of the month, 454 properties sold, an average sold price of $903,160, properties averaging 27 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
Hani Faraj – RE/MAX Crest Realty
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 March 2023

In March 2023, 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.

Last Update: 06/03/2026   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.

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