November 2009

Vancouver Real Estate Analysis for Downtown

by Maggie Chandler November 20, 2009 Downtown

Vancouver’s Downtown condo market saw listings and sales up in October, with the market under $700,000 selling the best. The average selling price jumped to $519,000 and the average $psf down a tad to $610. Monthly sales were the second highest for the year and higher than any month in 2008. Listings back to the Jan/Feb level. Condos that “expired” and didn’t sell dropped …

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Vancouver Real Estate Analysis for False Creek North

by Maggie Chandler November 19, 2009 False Creek North

Vancouver real estate analysis for False Creek North saw listings down from 127 to 125. Sales down from 41 in September to 33. Days on the market up to 53 but less than a year ago. The average selling price jumped from $714,000 to $980,000 as more condos sold over $1M, which also pushed up the $psf. The average supply of condos in this waterfront hood …

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Wordless Wednesdays

by Maggie Chandler November 18, 2009 Wordless Wednesdays

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Mortgage Restructurer – Prime minus .25% for 3 years

by Maggie Chandler November 17, 2009

This just in from my mortgage broker, Alma Pasic. Borrow as much as $400,000 and pay $1,323.35 per month. Mortgage Sale Ends December 16, 2009. One of Canada’s most Aggressive Mortgage Product’s on sale now! All purchases, refinances or debt consolidations are elgilble for. Prime – .25% for 3 year variable = 2.00% TODAY. Email …

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Vancouver’s Most Expensive House

by Maggie Chandler November 16, 2009

A quick search of MLS solds shows only four Vancouver houses have sold over $10M. The most expensive being on Point Grey Road for nearly $15 Million this year. Currently the most expensive home listed on MLS is on Osler Street for $22M and there are 12 listings over $10M.

Take a drive up to Point …

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Vancouver Real Estate Analysis for Olympic Village

by Maggie Chandler November 16, 2009 Olympic Village

90 Days to go and counting! Vancouver’s 2010 Winter Olympics commence on February 12, 2010.The Olympic Village is Vancouver’s last waterfront community. Vancouver real estate statistics for False Creek South (Olympic Village) saw listings up and sales down for October.

In her report to council in October, city manager Penny Ballem confirmed that 420 units of the 1,100 …

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Vancouver Real Estate Analysis for West End

by Maggie Chandler November 15, 2009 West End

Vancouver real estate in the West End saw October listings down and sales flat, resulting in 2.6 months of inventory, same as September. The days on the market for condos that sold increased from 39 to 47. The average selling price dropped to $616,000 due to fewer condos selling over $1M. 75% of the sales remain under $500,000. The list price to sale price ratio flat at 98% …

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BCREA’s 2010 Forecast

by Maggie Chandler November 13, 2009

Vancouver, BC – November 13, 2009. The British Columbia Real Estate Association (BCREA) released its Fall 2009 Housing Forecast today.

BC Multiple Listing Service® (MLS®) residential sales are estimated to increase 20 per cent to 82,900 units this year from 68,923 units in 2008. Residential sales in 2010 are forecast to increase a further 8 per …

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Upcoming Vancouver Real Estate Pre-Sales

by Maggie Chandler November 12, 2009

The implementation of the HST on July l, 2010 will increase the cost of new housing.

Currently selling in the Olympic Village neighbourhood are Maynards Block, Pinnacleliving. In Kitsilano, on West Broadway where the IGA parking lot has been forever will now be a new condo tower. Mantra on 4th Ave is completed and still has suites …

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Vancouver Real Estate Analysis for Coal Harbour

by Maggie Chandler November 12, 2009 Coal Harbour

Vancouver real estate analysis for Coal Harbour in October saw sales and listings increase, compared to September. Days on market up slightly to 68, a tad higher than a year ago. Coal Harbour inventory dropped slightly to 4.6 months and has been in this range since April. Luxury sales over $2 million are on the upswing pushing up the average sale price to $1,191,800 …

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