Vancouver Luxury Condo Sales Remain Steady

November 5th, 2009 Categories: Real Estate News, Vancouver Real Estate

Vancouver luxury condo sales remained steady in October, with a total of 9 sales over $2 million.

The average days on the market was 122 (up from 97 in Q3). List price to sales price ratio was 92% (up from 91% in Q3) and the average sold price was $1286 psf (up from $1250psf in Q3). The least expensive sold for $1026psf and the most expensive sold for $1623psf.

There were 5 sales between $2 and $3M. 3 sales between $3 and $4M and one sale over $4M. The most expensive was $4.3M which was on Coal Harbour’s waterfront Two Harbour Green, which had 2 sales on the n.w. corner, 5 floors apart and an additional $81,000 pr floor. The condo which sold for $4.3M broke a new price for the waterfront ($1612psf).

The 4 solds over $3M are consistent with the stats of 12 sales over $3M in Q3.

Currently 86 listings over $2M(up from 78 at end of September) and only 4 boast more than 4500 sqft. View my 53rd floor 2 level Shangri-la Estates condo that is one of the four! Most expensive is the Penthouse at 1000 Beach $12,980,000 (6900 sqft), followed by the Penthouse at The Melville $10,800 (5700 sqft).

Residences on Georgia are pre-selling - luxury condo/hotel building - at $1900 pr sq ft. Estimated completion is 2012. GST applicable

when you’re ready to buy or sell your luxury Vancouver condo, contact Maggie , an experienced realtor since 1981. view my marketing plan

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