📊 Greater Vancouver Market Update (Sep 12)

🔹 New Listings: 191

🔹 Sales: 81

👉 Sell-to-New Listings Ratio = 42.4%

✨ Much higher than the past few days!

🏡 Property Type Performance

✨ Detached Houses

Absorption Rate ≈ 29.6%

Average sold price much lower than list price

➡ High-end detached homes aren’t moving — sales concentrated in mid-to-lower price range

💡 Sellers need to price closer to market levels to secure faster deals

✨ Townhouses

Absorption Rate ≈ 44.4%

Average sold price even higher than list price

➡Buyers are willing to pay a premium for the right location + functional layouts

✨ Condos

Absorption Rate ≈ 53.3% (highest)

Largest share of total sales, over half absorbed

➡ Although the average sold price is slightly below list, the gap is small

💡 Condo market remains stable and in high demand, with buyers prioritizing affordability and value

✅ Summary

📌 Market momentum is clearly rebounding

📌 Condos lead the way, townhouses remain a solid end-user choice

📌 Detached homes need price adjustments to move

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