October 2009

Vancouver Real Estate Analysis for Olympic Village Condos

by Maggie Chandler October 16, 2009 Olympic Village

The Olympic Village is Vancouver’s last waterfront community. Vancouver real estate statistics for False Creek South (Olympic Village) saw listings and sales up. Polygon sold a number of units at Foundry, averaging $700psf.

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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Hong Kong Developer Sets World Price Record for Condo

by Maggie Chandler October 15, 2009

Global Edge reports that a Hong Kong property developer has sold an apartment for a world record price of HK$71,280 (US$9,200) per square foot less than three months after the territory emerged from recession. Henderson Land sold the property on Hong island for HK$439m (US$56.6m) to a buyer from the Chinese mainland.

The biggest factor behind the …

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Vancouver Real Estate Average Price Graph

by Maggie Chandler October 14, 2009

The average price of Greater Vancouver houses dropped slightly in September, compared to August. Townhome and Condo prices were up slightly. Prices have been rising since March. The graph shows the houses on the top, townhomes (middle) and condos (bottom) average price from 1977 to present. The Vancouver market peaked in 1981, 1990, 1995 and 2008. Vancouver condos didn’t appreciate much …

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Vancouver Real Estate Graphs

by Maggie Chandler October 9, 2009

Above are the September Vancouver (west side) real estate graphs for houses, townhouses and condos.

Median and average sold price for houses was down in September, compared to August and equal to a year ago. Townhomes and condos were up in September,compared to August and a tad higher than a year ago.

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Crunching the Numbers for Vancouver’s Downtown Condos

by Maggie Chandler October 9, 2009 Downtown

My mortgage broker, Alma Pasic, (preferred@telus.net) forwarded this info yesterday. An interesting number crunch on the status of Vancouver’s downtown market, including coal harbour, false creek north and downtown.

The darling of the Lower Mainland market sits today with 3.46 months supply of overall inventory. Now consider this, with 1,237 sold units in the …

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Wordless Wednesdays

by Maggie Chandler October 7, 2009 Wordless Wednesdays

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Vancouver Real Estate Analysis for Kitsilano September 2009

by Maggie Chandler October 6, 2009 Kitsilano

Kits condo supply up from 1.5 last month to 2 months. Vancouver real estate market analysis for Kitsilano condos saw September listings increase, for the first time since April. Sales for September dropped to an April/May level, but higher than a year ago. More sales at the high end, which pushed up the average price to $493,000 and is equal to the peak of May last year …

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Vancouver Real Estate Analysis for Coal Harbour, September 2009

by Maggie Chandler October 4, 2009 Coal Harbour

Vancouver real estate analysis for Coal Harbour in September saw sales and listings decrease, compared to August. Days on market dropped to 62, slightly higher than a year ago. Coal Harbour inventory increased to 5 months, equal to April, as sales decreased but there were more luxury sales over $2 million, pushing up the average sale price to $1,129,000 and …

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Vancouver Luxury Condo Sales Increase in Q3

by Maggie Chandler October 3, 2009

Last week I did an analysis of Vancouver’s luxury condo sales and remarked that Q2 was considerably better than Q1 for number of solds, but the average sale price remained the same.

Q3 sales are better than Q2. A total of 26 (vs 20). Days on market 97 (vs. 105 in Q2). List price to sales …

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Vancouver Real Estate Statistics for August 2009

by Maggie Chandler October 2, 2009

Greater Vancouver home sales remained strong last month, with the second highest number of residential sales ever recorded for the month of September.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,559 in September 2009, an increase of 3.4 per cent from the 3,441 sales recorded in …

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