August 2009

Vancouver Real Estate Analysis for West End, June 2009

by Maggie Chandler August 30, 2009 West End

Vancouver real estate in the West End saw July listings drop to 164, having reached a record high of 281 in November. Sales peaked in May at 88 and dropped to 75 in July. The days on the market for condos that sold dropped to 43, the lowest for the year. The average selling price was $449,000. 75% of the sales were under $500,00 and only …

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New Listing at The Vine, Kitsilano, Vancouver, BC

by Maggie Chandler August 29, 2009 Kitsilano

Kitsilano’s ‘The Vine’, just 2 years old & featuring NE corner with mountain views. 2268 W. Broadway. Conveniently situated on the bus route with LondongDrugs and IGA supermarket. Walking distance to 4th avenue shops and restaurants and Kits Beach – recently voted the 3rd sexiest beach in the world!

Come home to this 2 bedrooms, 2 baths …

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Gastown Designated a National Historic Site

by Maggie Chandler August 28, 2009 Downtown

Gastown is one of Vancouver’s most popular tourist designations, well known for its carefully preserved cobbled streets and heritage buildings.To recognize its historic significance, the Honourable Jim Prentice, Canada’s Environment Minister who also oversees Parks Canada, has designated Gastown as a National Historic Site.“The designation of Vancouver’s Gastown recognizes the role of this special place …

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Vancouver Real Estate Analysis for Olympic Village Condos

by Maggie Chandler August 27, 2009 Olympic Village

The Olympic Village is Vancouver’s last waterfront community. Vancouver real estate statistics for False Creek South (Olympic Village) saw listings drop 38% and sales nearly tripled for July 2009. All but one sale was under $500,000. We can only track the activity for this neighbourhood through MLS, not the Developers who are pre-selling, but that will eventually change and then we …

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BC Home Sales This Year Just Below the 10 Year Average

by Maggie Chandler August 27, 2009

The British Columbia Real Estate Association (BCREA) released its Forecast Update for the third quarter of 2009 today.BC Multiple Listing Service® (MLS®) residential sales are forecast to climb 15 per cent from 68,923 units in 2008 to 79,400 units this year, just below the ten-year average of 82,800 units.

Residential sales in 2010 are forecast …

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Canada Real Estate Roundup

by Maggie Chandler August 27, 2009

Compared to one year ago, real estate prices in the big cities of Vancouver, Victoria, Calgary, Edmonton & Saskatoon are lower. Winnipeg, Toronto, Ottawa, Montreal prices are up, as are all the Maritime Provinces & Newfoundland. The following is a release by CREA, you can hold your mouse over a specific city or province and view the current average price …

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Vancouver Real Estate Analysis for West End, July 2009

by Maggie Chandler August 25, 2009 West End

Compared to June, Vancouver real estate in the West End saw July listings drop to 164, the lowest for the year, having reached a record high in November. Sales climbed from 26 in January to 75 in July., down slightly from June. The days on the market for condos that sold dropped to 43, compared to 69 in January. The average selling price was …

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Vancouver Real Estate Analysis for Downtown, July 2009

by Maggie Chandler August 24, 2009 Downtown

Vancouver’s Downtown condo market saw listings flat at 441 and are the lowest since January 2008. Condos that “expired” and didn’t sell dropped to 33 (vs. 78 in Jan) and none got relisted. Sales up from 176 to 188 and are by far the highest for the last 18 months. Average days on the market for condos that sold dropped to 30 and is equal …

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Voice Your Concerns About the Proposed HST on This Site

by Maggie Chandler August 24, 2009

The British Columbia Real Estate Association (BCREA) today launched a new section of its website to provide the public and REALTORS® with information about the impact of the proposed Harmonized Sales Tax (HST) and an opportunity to voice their concerns about the tax. This new resource, which can be found encourages concerned citizens and REALTORS® …

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Vancouver Real Estate Analysis for Coal Harbour, July 2009

by Maggie Chandler August 18, 2009 Coal Harbour

Vancouver’s luxury waterfront neighbourhood of Coal harbour saw real estate sales flat and listings decrease in July, compared to June. There were more high end listings selling. Days on market up to 80. Coal Harbour inventory dropped from 19 months in February to 4 months, the lowest for the year. The average sale price increased to over $966,000 for condos that sold. List price …

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