Vancouver Real Estate Market Analysis for Coal Harbour June 2009
July 14th, 2009 Categories: Coal Harbour, Vancouver Real Estate
Vancouver’s luxury waterfront neighbourhood of Coal harbour saw real estate sales and listings decrease in June, compared to May. It was the best month since February 2008. Days on market down 78 to 57. Coal Harbour inventory dropped from 19 months in February to 5 months. The average sale price increased to over $900,000 for condos that sold. List price to sale price ratio flat at 96% and up from 91% in January. Average $ pr sq ft for sold listings stable $757. Between $500,000 & $1M is the best selling price range. The $1 to $2M is doing better. The luxury market over $2M still soft with 24 months of inventory. Of the 16 listings that did not sell and expired, only 4 got relisted. In April there were 27 expired listings. Coal Harbour market is improving.
Listings -158. 18 listed under $400,000. 8 listed between $400,000 and $500,000. 47 listed between $500,000 and $1M. 36 listed between $1M and $2M and 48 listed over $2M.
50% are listed over $1M, down from 60% in February and up from 45% in January.
Least expensive $299,000 for a studio 429 sqft . Least expensive 2 bedroom $589,000 for 940 sq.ft.
Most expensive- The Shaw Tower Penthouse $13,800,000(reduced from $19M) for over 7400 sqft on the 41st floor. The $10,800,000 for the Melville Penthouse ($2100 pr sq ft), reduced from $12 million. 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. Currently 13 condos listed over $5 million in Coal Harbour.
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, Mar 191, Apr 172, May 172, Jun 158
Sales - 35 . 7 sold under $400,000. 7 sold between $400,000 and $500,000 . 12 sold between $500,000 & $1M and 7 between $1 & $2M and 2 sold over $2M.
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 11, Mar 17, Apr 33, May 31, June 35
Least expensive -$322,000 for 528 sqft 1 bedroom
Most expensive -$5,00,000 for 3260 sqft on the waterfront on West Cordova ($1533 pr sq ft)
Supply - (months) Feb 19, Mar 11, Apr 5, May 5.5, June 5.1
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, Mar 75, Apr 86, May 78, June 57
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, Mar $708,000, Apr $807,748, May $858,700, June $931,725
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, Mar $676, Apr $576, May $761, Jun $757
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%, Mar 91%, Apr 95%, May 95%, Jun 96%
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when you’re ready to buy or sell Coal Harbour or Vancouver real estate, contact Maggie, an experienced realtor marketing Vancouver homes since 1981
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