Vancouver Real Estate Analysis for Coal Harbour February 2009

March 11th, 2009 Categories: Coal Harbour, Real Estate News, Vancouver Housing Market, Vancouver Real Estate

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Vancouver’s Coal Harbour statistics for February show listings dropped from 220 to 212 and are back to the level they were in June. Sales up to 11, from 8 in January. Days on market dropped to 47, from 70 in January. Average selling price $1,013,590 for condos that sold. Coal Harbour has 19 months of supply on the market, down substantially. The average sale price in Vancouver’s Coal Harbour is up for the first time since June 2008.

Listings - 212. 60% are listed over $1M, up from 45% in January.

Least expensive $268,000 for a studio ($638 pr sq ft). Least expensive 2 bedroom $499,000 for 800 sq.ft.

Most expensive $16,800,000 for the Shaw Tower Penthouse ($2248 pr sq ft). The $12,000,000 for the Melville Penthouse ($2100 pr sq ft). Over 2500 sq.ft. condo at One Harbour Green for $7,185,000, includes 3700 sqft of outdoor space ($2800 pr sq ft). Three Harbour Green is now pre-selling, n.e. corner on 19th floor $5,400,000 for 2600 sq.ft.

2008 Listings -Jan 128,Feb 149, Mar 179, Apr 176, May 175, June 192, July 220, Aug 212, Sept 245, Oct 246, Nov 247, Dec 201

2009 Listings - Jan 220, Feb 202

Sales - 11. Five sold under $500,000. 2 sold just between$500,000 and $1M. 3 Coal Harbour condos sold between $1M and $1.5M and one sold over $3.5M.

2008 Sales - Jan 14, Feb 33, Mar 22, Apr 26 May 16, June 16, July 11, Aug 12, Sept 16, Oct 12, Nov 9, Dec 6

2009 Sales - Jan 8, Feb 11Least expensive was $370,000 for a l bedroom ($550 pr sq ft) in The Qube, which last sold for $304,000 early 2006.

Most expensive was a waterfront suite on West Cordova 2400 sq.ft. for $3,700,000 ($1540 psf for a n.e. corner on a high floor in a luxury building.

Days on Market for Solds 2008- Jan 67, Feb 44, Mar 39, Apr 47, Jun 71, Jul 73, Aug 83, Sept 53, Oct 54, Nov 41, Dec 75

Days on Market for Solds 2009 - Jan 70, Feb 47

2008 Average Sale Price - Dec $983,000, Nov $848,555 $Oct $910,291, Sept $1,513,062, Aug $1,569,772 , July 1,379,091, Jun 803,091, Apr $770,430, Mar 807,340, Feb $974,329, Jan $966,806

2009 Average Sale Price - Jan $785,687, Feb $1,013,590

2008Average Selling Price Pr Sq Ft - Dec 860 , Nov 742, Oct 835 , Sept 958

2009 Average Selling Price Pr Sq Ft - Jan $708, Feb $773

2008List Price to Sale Price Ratio - Dec 95% , Nov 92%, Oct 92%, Sept 93%

2009 List Price to Sale Price Ratio - Jan 91%, Feb 92%

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