Vancouver’s Coal Harbour Market Analysis August 2008

September 9th, 2008 Categories: Coal Harbour, Vancouver Housing Market, Vancouver Real Estate

Vancouver’s Coal Harbour statistics for August show listings down to 212 from 220 in July. Sales flat at 12. Days on market up to 83, from 73 in July and average selling price up substantially from $1,379,091 to $1,569,772, more high end than low end condos selling.

Listings - 212 45 listed under $500,000. 74 listed between $500,000 and $1 million. 64 listed between $1 and $2 million. 20 listed between $2 and $4 million. 3 listed between $4 and $5 million and 9 listed over $5 million.

2008 Listings - Jan 128,Feb 149, Mar 179, Apr 176, May 175, June 192, July 220, Aug 212

Sales -12 Eight had list price reductions. 2 sold under $500K. 1 sold between $500K and $1 million. 5 sold between $1 & $2 million and 3 sold between $2 & 4 million. The most expensive was over $3 and a half million at 1281 Cordova on the waterfront.

There is a 15 month supply of listings in Coal Harbour under $500,000, a 74 month supply for listings between $500K and $1 million. A year’s inventory for listings between $1 and 2 million. Six months of inventory for condos between $2 and 4 milion and no takers over $4 million. More high end condos selling this month.

2008 Sales - Jan 14, Feb 33, Mar 22, Apr 26 May 16, June 16, July 11, Aug 12

2007 Sales - July 28, Aug 24, Sept 14, Oct 36 Nov 23, Dec 14

Contact me if you’re buying or selling in Coal Harbour

Days on market - 83. Jan 67, Feb 44, Mar 39, Apr 47, Jun 71, Jul 73, Aug 83

Average Price -$1,569,772 , July 1,379,091, Jun 803,091, Apr $770,430, Mar 807,340, Feb $974,329, Jan $966,806

August 2007 - 45 sales. Days on market 43. Average selling price $807,340

Happenings - Harbour Green Two and The Ritz due for Completion in September. Flatiron due for completion in October. Shangri-la Hotel completing in the Fall. Harbour Green Three now pre-selling, prices start at $1800 pr sq ft and smallest condo is 2800 sq.ft. Residences on Georgia and The Ritz Carlton now pre-selling.

Contact me if you would like to buy into the building or other Coal Harbour waterfront condos.

Have an opinion on the Coal Harbour market? Please leave a comment.

this site is updated regularly, subscribe via RSS or email