Special Report - Who's Checking Vancouver Condo Prices?

A review of recent traffic to vancouvercondoreport.ca shows some interesting trends in what visitors are looking for when they use the condo price calculators.



It may not be a surprise that almost 45% of the ip addresses are from Canada and most of these from the Vancouver area. What is surprising is the degree of interest in the Vancouver market from outside of Canada. Just over 20% of recent site visitors are from China, Hong Kong, Singapore and India. The interest in the Vancouver condo market is global.



Over 60% of the price calculations are for high rise condos; 20% for low rise and 16% for townhouse condos.

 

The Downtown market is by far of most interest to those checking high rise prices. What is apparent from size and age specifications entered by visitors is that most are looking for affordable accommodation. Average prices and units sizes tend to be below average for most markets. The exceptions are Westside Vancouver and North Vancouver were the interest is in larger units over 1,100 square feet in size.



Those looking at low rise prices seem to be even more concerned with affordability. Many are looking at unit sizes of less than 900 square feet and older buildings in order to find low rise condos priced under $300,000. In some markets such as Westside Vancouver and the North Shore, finding anything under $300,000 is probably a long shot.



Average townhouse sizes in most markets range from 1500 to 1750 square feet. Most visitors checking townhouse prices are looking for something smaller and presumably less expensive. But most don't want an older unit. Except for South Surrey-White Rock, interest is in units under 1,600 square feet and generally less than five years old.