Oakridge VW, Vancouver Condo Market Report – April 2023

Oakridge is a prime westside Vancouver neighbourhood centred around the transforming Oakridge Centre site, set to become one of Metro Vancouver's most ambitious mixed-use developments featuring residential towers, retail, office space, and parks upon a former shopping mall site. The neighbourhood is served by the Oakridge-41st Avenue Canada Line station, making it one of the most transit-convenient addresses in all of Vancouver. Current real estate includes established detached single-family homes on generous westside lots, older apartment buildings, and newer condos that will be complemented by thousands of additional units as the Oakridge redevelopment matures. Cambie Street's Corridor Plan has driven consistent new development throughout Oakridge, reinforcing its position as one of Vancouver's fastest-appreciating westside real estate markets. Excellent schools, including Eric Hamber Secondary, and proximity to Queen Elizabeth Park strengthen the neighbourhood's appeal to families.

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3
Units Sold
$1,671,629
Avg Sold Price
11d
Avg Days on Market
Buyer's Market
Market Condition
136 active at start of month 10 new listings Absorption rate: 2.2% Highest sold: $2,308,000 Lowest sold: $1,018,888

How Does April 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
April 2023 (this report) 3 $1,671,629 11d
March 2023 month prior 5 -40% $997,600 +67.6% 78d -85.9%
April 2022 year ago 9 -66.7% $1,471,544 +13.6%

3-Year Price Trend — Oakridge VW, Vancouver Condo

The Oakridge VW, Vancouver condo real estate market was a Buyer's Market in April 2023, with 136 active listings at the start of the month, 3 properties sold, an average sold price of $1,671,629, properties averaging 11 days on market, an absorption rate of 2.2%. 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 Oakridge VW, Vancouver specialist
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Frequently Asked Questions — Oakridge VW, Vancouver April 2023

In April 2023, the Oakridge VW, Vancouver condo real estate market is classified as a Buyer's Market with an absorption rate of 2.2%. 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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