Downtown VW, Vancouver Market Report – August 2020

Downtown Vancouver West is the vibrant commercial and residential core of Metro Vancouver, encompassing the central business district, Robson Street shopping, the waterfront, and some of the city's highest-density residential real estate. The neighbourhood is defined by a dense mix of high-rise condominiums, luxury rentals, heritage lofts, and mixed-use towers catering to a cosmopolitan urban population. World-class restaurants, performing arts venues including the Queen Elizabeth Theatre and the Orpheum, major hotels, and an unrivalled retail corridor make Downtown VW one of Canada's most liveable urban cores. The Canada Line, Expo Line, and SeaBus provide exceptional transit access to Richmond, Burnaby, North Vancouver, and YVR. Downtown Vancouver West condos command strong prices driven by sustained demand from professionals, international buyers, and investors seeking high-yield rentals in one of North America's most globally recognized cities.

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76
Units Sold
$771,315
Avg Sold Price
24d
Avg Days on Market
Balanced Market
Market Condition
568 active at start of month 212 new listings Absorption rate: 13.4% Highest sold: $1,584,000 Lowest sold: $428,700

How Does August 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2020 (this report) 76 $771,315 24d
July 2020 month prior 60 +26.7% $734,641 +5% 20d +20%

3-Year Price Trend — Downtown VW, Vancouver

The Downtown VW, Vancouver real estate market was a Balanced Market in August 2020, with 568 active listings at the start of the month, 76 properties sold, an average sold price of $771,315, properties averaging 24 days on market, an absorption rate of 13.4%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Downtown VW, Vancouver specialist
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Frequently Asked Questions — Downtown VW, Vancouver August 2020

In August 2020, the Downtown VW, Vancouver real estate market is classified as a Balanced Market with an absorption rate of 13.4%. The market in Downtown VW, Vancouver is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

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.

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