Archive for the 'Real Estate News' Category
False Creek North Real Estate Analysis
March 14th, 2010 Categories: False Creek North, Real Estate News, Vancouver Real Estate
False Creek North real estate analysis for Febuary saw listings on the rise for the third consecutive month, from 153 to 187. Sales dropped from 28 to 20, the lowest since Feb’09. Days on the market consistant at 41. The supply of condos nearly doubled, now 9.3 months with considerably more sales over $1M, pushing the $psf up to $863. Buyers finally have a good selection of condos. We attribute the drop in sales in this waterfront neighbourhood to the difficulty in accessing properties during the Olympics.
Listings - 187 three listed under $400,000 and 11 listings between $400,000 & $500,000. 35 listed between $500,000 and $700,000. 64 listed between $700,000 and $1 million. 46 listed between $1 & $2 million and 28 listed over $2 million. 5 expired (didnt’ sell). Read the rest of this entry »
| Discussion: No Comments »
What Vancouver Real Estate Buyers Should Know About April 19th
March 13th, 2010 Categories: Real Estate News, Vancouver Real Estate
CMHC’s new rules come into effect April 19th. At that date real estate buyers will qualify for a lower mortgage if you require a CMHC insured mortgage.
Be sure to ask your financial institution which are the two amounts you qualify for, pre and post April 19th, as this will impact your purchasing power.
Read my past post
For a pre-approval contact Alma Pasic , mortgage consultant
when you’re ready to buy or sell your Vancouver condo, contact Maggie, an experienced realtor marketing Vancouver homes since 1981. Please fill out my contact form or
search for listings on this site on VOW (virtual office website), receive new listings before www.realtor.ca, in full print. Search by address, MLS#, street, specific criteria, view Walkscore and more. Sign up today for FREE.
this site is updated regularly, subscribe via RSS or email and keep up to date with vancouver’s changing real estate market
| Discussion: No Comments »
Vancouver Real Estate Graph
March 12th, 2010 Categories: Market Data, Real Estate News, Vancouver Real Estate
Above are the Febuary Vancouver (west side) real estate graphs for houses, townhouses and condos. Sales down and listings up, in all categories.
Condo listings increased to just over 1500 vs. nearly 2000 a year ago and are equal to May and Oct’09. New Listings - Feb 601, Jan 850, Dec 349, Nov 621, Oct 833 , Sept 798. Sales Feb 342, Jan 298, Dec 397, Nov 483, Oct 529 a Sept 477. Read the rest of this entry »
| Discussion: No Comments »
Vancouver Real Estate Graph
March 10th, 2010 Categories: Market Data, Real Estate News, Vancouver Real Estate
The February graphs for Greater Vancouver real estate show the average price of Greater Vancouver homes, townhomes and condos are slightly above their last peak, 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 in 1981, 1989,1993 and 2008. Vancouver real estate didn’t appreciate much between 1994 and 2002 but they did between 2002 and 2008. Then it dropped about 20-25% and has now surpassed the highs of 2008.
Following are the stats for Vancouver West Side -
February saw listings down and sales up compared to January. Now a better selection for buyers who are returning to the market after the Olympics. Read the rest of this entry »
| Discussion: No Comments »
New Listing at Bayshore Gardens, Coal Harbour, Vancouver, BC
March 9th, 2010 Categories: Coal Harbour, Real Estate News, Vancouver Real Estate
It’s always exciting to be called by a Seller to visit their home and give them a current market analysis. When this even occurredin late January, the sellers decided to wait until after the 2010 Olympics to list their beautiful condo at 1616 Bayshore Drive.
1504-1616 Bayshore Drive, Vancouver, BC features a 2 bedroom and den/office on s.w. corner, 1257 sf. The views of the mountains and water are excellent. The condo has been upgraded with engineered hardwood floors, marble tiles in the kitchen and custom closet organizers.
You’ll enjoy sipping a cocktail on the 14×8 patio or cooking in the high end kitchen with granite countertops and Bosch and Sub-Zero stainless appliances. Features 2 parking, locker and 24 hour concierge.
This is the best priced bayshore listing. Only 4 condos on Bayshore Drive listed under $1M.
Stop by and view this Bayshore beauty Friday 11-12 or Saturday 13th 2-4. Or contact Maggie for an appointment.
View my virtual tour
keep up to date with vancouver’s real estate market, subscribe via RSS o email
contact Maggie when you’re ready to buy or sell Bayshore Drive condo or other coal harbour real estate
| Discussion: No Comments »
Vancouver Olypic Village Analysis
March 8th, 2010 Categories: Olympic Village, Real Estate News, Vancouver Real Estate
The 2010 Winter Olympic Games Came, Saw and Conquered! So much fun!! Congrats to our athletes!
The Olympic Village is Vancouver’s last waterfront community. Vancouver real estate statistics for False Creek South (Olympic Village) saw Febuary sales up slightly and sales down slightly.. Average sold price up to over $370,000 and sale price to list price ratio 99% with average days on market 36, Overall a strong market.
420 units of the 1,100 total units on the site have been sold. MilleniumWaterwill be pre-selling the remainder in May . The waterfront units will be over $1M. Hire me as your Buyer Agent! The Developer’s agent works for the developer!
City Hall will shortly be making a decisionon whether the Olympic Village will or will not ontain social housing. Will they sell the units designated for social housing in order to increase the revenue to the City?
We can only track the activity for this neighbourhood through MLS,not the Developers who are pre-selling, but that will eventually change as they all become resales and then we can get a better feel for the neighbourhood.Most expensive listing $1,590,000 for 1225 sq.ft. penthouse (air conditioned) in Foundry. Least expensive $319,000 for a studio.Listings 2009 - Feb 19, Mar 18, Apr 16, May 26, Jun 28, Jul 18, Aug 26, Sept 36, Oct 40, Nov 28, Dec 25
Listings 2010 - Jan 33, Feb 36
13 listed under $500,000. 17 listed between $500,000 and $1M and 6 listed over $1M
Sales 2009-Feb 0, Mar 3, Apr 5, May 3, Jun 4, Jul 10, Aug 2, Sept 9, Oct 3, Nov 7, Dec 11 (4 resales and 7 pre-sales)
Sales 2010 -Jan 7, Feb 4
All sales were under $750,000
Average Days on Market for Solds 2009-Mar 22, Apr 28, May 14, Jun 41, Jul 94, Aug 37, sept 17, Oct 20, Nov 36, Dec 35
Average Days on Market for Solds 2010 - Jan 24, Feb 25
Average Sale Price - Mar $399,000 , Apr $325,000, May$429,665, Jun $424,750, Jul $378,150, Aug $401,500, Sept $516,522, Oct $726,000, Nov $457,000, Dec 419,000
Average Sale Price - Jan $396,258, Feb $571,980
Average $psf 2009 - Mar $485, Apr $533, May $557, Jun $538, Jul $561, Aug $549, Sept 635, Oct $551, Nov $611, Dec $586
Average $psf 2010 - Jan 617, Feb $622
List Price to Sale Price Ratio 2009- Mar 96%, Apr 97%, May 99%, Jun 98%, Jul 98$, Aug 98%, Sept 100%, Oct 99%, Nov 98%, Dec 99%
Sale Price to List Price Ratio 2010 - Jan 100%, Feb 99%
Neighbourhood Buildings -LOFT 495 at 495 W. 6th. LOFT 338 at 338 W. 8th. The VUE at 2520 Manitoba is now 3 years old. The ELEMENTS at 2515 Ontario was built in 2004. THE CALLADINE at 2626 Alberta completed in 2008. XL LOFTS at 438 W. 8th. CENTRO at 138 W. 6th. TURNBULL’S WATCH at 380 W. 10th
Canada Line, which joines Vancouver International Airport to Downtown. On August 17, 2009 the ride was free and there was a 2 hour wait. check out the website
PRESALE!! MAYNARDSBLOCK on W. 1st & Cambie from $289,900 going on sale next month. Call me if you are interested in buying.
PINNACLELIVING at 20 E. 1st. 600sf one bedrooms from $359,000. 1050 sf two bedrooms from$699,000. Due for completion October 2011.
UPCOMING PRESALES -1700 Manitoba and 1827 Crowe
The Exchange at 388 W. 1st, an old telephone exchange building is completed and now selling - studios 367 sf from $346,000.
Olympic village condos completed in November 2009 , occupied by the Olympians, then the Developer will clean them up and owners will receive title in May 2010. Remaining pre-sales go on the market in May 2010, starting at $499,000 - $5million(prices to be confirmed).
Visit the City’s website on this neighbourhood
Subscribe to Millennium-Water’s ezine and learn more about the Olympic Village site, its industrial history, sustainability, planning, policy, water, amenities, the community
search for listings on your own VOW (virtual office website). Sign up for a FREE subscription and receive listings 2 days before realtor.ca, in Full Printout. Search by address, MLS#, street. View google street search, Walkscore and more!
when you’re ready to buy or sell an olympic village condo, contact Maggie, an experienced marketing
keep up to date with vancouver’s changing real estate market, subscribe via RSS or email
| Discussion: No Comments »
Coal Harbour Real Estate Analysis
March 7th, 2010 Categories: Coal Harbour, Real Estate News, Vancouver Real Estate
Coal Harbour real estate analysis for February saw sales up slightly and listings up 30% compared to January, with 2 sales over $2M vs 5 in November. of the sales were under $1M. vs 80% in January. Days on market dropped from 43 to 29. Sale price to list price ratio droppped to 97%. Currently 20 listings at Fairmont Estates which has prices from $855,000 for 730sf and $5,780 for 2700s. Three Harbour Green is pre-selling and is the last remaining new waterfront building in Coal Harbour. The $23M Penthouse sold during the Olympics.
Listings -162. 27 listed under $500,000. 60 listed between $500,000 and $1M. 34 listed between $1M and $2M and 41 listed over $2M, including 8 over $5M and 12 expired. Read the rest of this entry »
| Discussion: 1 Comment »
More Vancouver Olympics
March 5th, 2010 Categories: Real Estate News, Vancouver Real Estate
| Discussion: No Comments »
Greater Vancouver February Sales Up, Listings Down
March 2nd, 2010 Categories: Real Estate News, Vancouver Real Estate
From REBGV
The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region.
| Discussion: No Comments »
Snapshot of Vancouver’s 2010 Winter Olympics
March 1st, 2010 Categories: Real Estate News, Vancouver Real Estate
What a party! Sooo much fun!
The Vancouver Olympics will be the most heavily watched winter Games in history, a senior official with the International Olympic Committee said. Timo Lumme, who was responsible for the sale of television and new media rights, said the Games will receive about 24,000 hours of coverage around the world by the Games’ broadcast or “old media” partners.
That’s a 47-per-cent increase over the 2006 winter Games in
The IOC says that 3.5 billion people, or more than half the world’s population, will have watched at least some coverage of the Games. In
| Discussion: No Comments »
