Balanced market emerging
by Maggie Chandler on June 8, 2007
in Coal Harbour
The stats for last month indicate that a balanced market is emerging. Here are a few statistics on condo resales in Coal Harbour.Of 107 listings, 28 were under $500,000 and 36 were between $500,000 -$1,000,000. There were 26 listings between $1-2,000,000 and 7 between $2-3,000,000. At the high end, 6 listings were between $3-5,000,000 and 4 were over $5,000,000.
The most expensive is 3,300 sq.ft. on the waterfront, listed at $5,950,000 which equals a whopping$1800 per sq. ft. The building is three years old and the presale sold for $2,365,000.
Of those listed over $1,000,000, 22 are on the waterfront.
May saw 24 sales in Coal Harbour. Of these, 9 under $500,000, 11 between $500-1,000,000 and 3 over $1,000,000. The least expensive was a 420 sq. ft. studio for $264,000 – that would be $628 per sq. ft.
Compare this with the most expensive sale at $1,305,000 for a 1620 sq. ft. three bedroom suite with views – that translates as $805 per sq. ft. The seller paid $849,000 in 2004.
Of all the sales, one sold over list and 6 were at full price. It’s interesting to note that April ‘07 and April ‘06 both had 40 sales.
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I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello!
The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver.
I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums.
I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion.
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