December 2009

Vancouver Real Estate Analysis for West End

by Maggie Chandler December 31, 2009 West End

Vancouver real estate in the West End saw October listings and sales down in November, resulting in less than 3 months of inventory. The days on the market for condos that sold dropped from 47 to 30. The average selling price dropped to $568,000 but is higher than any November in the last 5 years. The sales under $500,000 dropped from 75% to 51% and the …

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The 2010 Economic Impact on Vancouver

by Maggie Chandler December 29, 2009

From The Vancouver Sun – Dec 9/09

Central One credit Union predicts Vancouver’s economy will grow by 3.9% in 2010, after shrinking 2.1% this year, and that the 2010 Olympics will pump $800M into the economy.

“Spending at the Games will account for about 20% of Vancouver’s growth in 2010. 85% of Olympic spending will be in …

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Vancouver Real Estate Analysis for False Creek North

by Maggie Chandler December 29, 2009 False Creek North

Vancouver real estate analysis for False Creek North saw listings down from 125 to 111. Sales up from 33 to 36. Days on the market down from 53 to 42. The average selling price down from $980,000 to $787,000 as more sales at the bottom end. The average supply of condos in this waterfront hood is now under 3 months, the lowest for the year. This neighbourhood now selling best under $700,000.

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Vancouver Real Estate Analysis for Downtown

by Maggie Chandler December 27, 2009 Downtown

Vancouver’s Downtown condo market saw listings and sales drop in November, with the market under $500,000 selling the best. The average selling price dropped to $459,000 reflecting more sales at the bottom of the market. Condos that “expired” and didn’t sell increased to 44, from 33 in October and 78 in Jan. Average days on the market for condos that sold down to 28. The supply is down to …

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Vancouver Real Estate Graphs

by Maggie Chandler December 24, 2009

Above are the November Vancouver (west side) real estate graphs for houses, townhouses and condos, showing prices levelling.

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Vancouver Real Estate Graphs

by Maggie Chandler December 22, 2009

The November graphs for Greater Vancouver real estate show the average price of Greater Vancouver homes, townhomes and condos are back to the top, having regained what they lost last year. 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 …

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What You Should Know about Vancouver Property Taxes

by Maggie Chandler December 20, 2009

If you own Vancouver real estate, the first half of your property taxes are due at the end of January every year.

You can appeal your assessment but not your taxes. Your assessment will arrive the first week of January and you have til month end to appeal. BC Assessment assesses properties as of the previous …

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Vancouver Real Estate Analysis for Olympic Village

by Maggie Chandler December 18, 2009 Olympic Village

Less than 60 days to go! 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 down and sales up for November, average $psf up to $611, all sales under $535,000.

In her report to council in October, city manager Penny …

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Vancouver Real Estate Analysis for Coal Harbour

by Maggie Chandler December 17, 2009 Coal Harbour

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Vancouver Real Estate Analysis for Coal Harbour

by Maggie Chandler December 17, 2009 Coal Harbour

Vancouver real estate analysis for Coal Harbour in November saw sales and listings decrease, compared to October. Listings are at the lowest for the last 24 months. Days on market down to 61 and the lowest for the year. Coal Harbour inventory dropped to 4 months and also the lowest for the year. Both the average sale price and average $psf continue to climb. List …

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