Archive for June, 2007
Vancouver City Hall’s Proposed High Rise Project
June 8th, 2007 Categories: Coal Harbour, Real Estate News, Vancouver Real Estate
Vancouver’s Planning and Zoning Department
has finally released its official report on the proposed high rise project to be located on the corner of Pender and Broughton.
Good news, this building on Pender has only received approval for 10 floors NOT 15 floors. Qube has been an architectural icon in Vancouver since it was built in 1969, and is part of the city’s history.
The developer (Reliance Holdings) of the project on Pender is also kicking in $3 million to help complete the Coal Harbour Community Center and school!!!
The city is also approving a 36 floor tower ½ block further west on Pender - watch for more info on this new development.
West Pender Place
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Coal Harbour Statistics May 2007
June 8th, 2007 Categories: Vancouver Real Estate
The stats for last month indicate that a balanced market is emerging.
Here are a few statistics on condo resales in Coal Harbour.Of 107 listings, 28 were under $500,000 and 36 were between $500,000 -$1,000,000.
There were 26 listings between $1-2,000,000 and 7 between $2-3,000,000. At the high end, 6 listings were between $3-5,000,000 and 4 were over $5,000,000.
The most expensive is 3,300 sq.ft. on the waterfront, listed at $5,950,000 which equals a whopping$1800 per sq. ft. The building is three years old and the presale sold for $2,365,000.
Of those listed over $1,000,000, 22 are on the waterfront.
May saw 24 sales in Coal Harbour. Of these, 9 under $500,000, 11 between $500-1,000,000 and 3 over $1,000,000. The least expensive was a 420 sq. ft. studio for $264,000 - that would be $628 per sq. ft.
Compare this with the most expensive sale at $1,305,000 for a 1620 sq. ft. three bedroom suite with views - that translates as $805 per sq. ft. The seller paid $849,000 in 2004.
Of all the sales, one sold over list and 6 were at full price. It’s interesting to note that April ‘07 and April ‘06 both had 40 sales.
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Kitsilano’s North of 4th Avenue Lifestyle
June 8th, 2007 Categories: Kitsilano, Vancouver Real Estate
I recently viewed a lovely 910 square foot 2 bedroom, 2 bathroom corner suite in this building at #210 -2125 West 2nd. It’s listed at $465,000, nestled in the north of 4th area of Kitsilano.
Plus, check out this great Kitsilano view from the rooftop deck of the building.
I also viewed this townhome at 2405 W.1st. It’s 1,668 sq ft, with 2 bedrooms, 2 bathrooms, featuring expansive ocean, mountain and city view and 20×30 foot deck for outdoor entertaining. Open style living with gourmet kitchen, lofted living room and very spacious, bright 3rd floor for office and sitting room. Bedrooms are on separate floors for privacy: master features fabulous lofted ceilings, sunny, South balcony and spa ensuite heated with limestone flooring. Two parking stalls. Listed at $999,800.
Contact me at Chandler Realty for more info on these and other Kitsilano listings
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Balanced market emerging
June 8th, 2007 Categories: Coal Harbour, Vancouver Real Estate, Webcam
The stats for last month indicate that a balanced market is emerging. Here are a few statistics on condo resales in Coal Harbour.Of 107 listings, 28 were under $500,000 and 36 were between $500,000 -$1,000,000. There were 26 listings between $1-2,000,000 and 7 between $2-3,000,000. At the high end, 6 listings were between $3-5,000,000 and 4 were over $5,000,000.
The most expensive is 3,300 sq.ft. on the waterfront, listed at $5,950,000 which equals a whopping$1800 per sq. ft. The building is three years old and the presale sold for $2,365,000.
Of those listed over $1,000,000, 22 are on the waterfront.
May saw 24 sales in Coal Harbour. Of these, 9 under $500,000, 11 between $500-1,000,000 and 3 over $1,000,000. The least expensive was a 420 sq. ft. studio for $264,000 - that would be $628 per sq. ft.
Compare this with the most expensive sale at $1,305,000 for a 1620 sq. ft. three bedroom suite with views - that translates as $805 per sq. ft. The seller paid $849,000 in 2004.
Of all the sales, one sold over list and 6 were at full price. It’s interesting to note that April ‘07 and April ‘06 both had 40 sales.
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May Sales Statistics
June 7th, 2007 Categories: Kitsilano, Vancouver Real Estate
Resale condos in Kitsilano last month had 85 listings.
Of these, 11 were under $300,000, 55 were between $300-$500,000 and 18 were between $500-$1,000,000. One listing was over $1,000,000.
Least expensive was $278,000 for 545 sq. ft. in an older building - $495 per sq. ft.
Looking now at sales, we see there were 47 sales in may’07, with less than 2 months’ inventory on the market. Compare with 53 sales in April’07 and 48 sales last year in May ‘06.
We saw 10 sales at under $300,000, and 29 under $500,000 while 8 went for over $500,000. The least expensive sale was $224,000 for 465 sq. ft. ($481 per sq. ft.) The most expensive was $702,000 for 1053 sq. ft. in Arbutus Walk ($666 per sq. ft.)
There were 26 condos sold over list price and 7 sold at list price. Of 47 sales only 14 sold below list. So it looks like it is still a hot market for kits condos.
In townhomes we saw 47 listings from $436,000 for 832 sq. ft. to $1,999,000 for 1800 sq ft which is $1100 per sq. ft. Of these, 29 are listed under $1,000,000.
There were 21 townhome sales, with 5 under $500,000, 12 between $500- $1,000,000 and 4 over $1,000,000, with 2 months’ inventory on the market. Of those sales, 10 sold over list and 3 at list, leaving only 8 selling under list price. Once again, indicating that it is still a hot market.
Compare: 25 sales last month in April’07 and 28 sales last year in May’06.
Kitsilano Houses
In May we saw 34 listings for Kitsilano houses. Of these, 8 were under $1,000,000, and 3 were over $2,000,000. The most expensive of these, on Point Grey Road, listed at $5,528,000.
There were 23 house sales this May, with 5 under $1,000,000 and 2 over $2,000,000. The most expensive was $5,750,000. Of these, 8 went at over list, while 3 were at list. With a month and a half worth of inventory on the market, this is still a tight market.
Now compare last year’s 22 sales in May’06, and last month’s 30 sales in April’07.
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