Archive for the 'Vancouver Real Estate' Category
Olympic Village Real Estate Analysis
February 8th, 2010 Categories: Olympic Village, Vancouver Real Estate
Let the Games Begin! 4 days and counting! Follow the Torch and the fun which begins february 12, 2010. Buy tickets for 2010 Winter Olympic Events.
The Olympic Village is Vancouver’s last waterfront community. Vancouver real estate statistics for False Creek South (Olympic Village) saw January sales down and listings up. Average sold price $396,000 and list price to sales price ratio an amazing 100% indicating sales selling at or above list price.
In her report to council in October, city manager Penny Ballem confirmed that 420 units of the 1,100 total units on the site (including affordable housing) have been “inspected, approved and locked down by VANOC”. MilleniumWater will be pre-selling the remainder in May . The waterfront units will be over $1M. Hire me as your Buyer Agent!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. Read the rest of this entry »
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Coal Harbour Real Estate Analysis
February 7th, 2010 Categories: Coal Harbour, Real Estate News, Vancouver Real Estate
Coal Harbour real estate analysis for January saw sales down slightly and listings up by 35%, compared to December, and no sales over $2M for the second consecutive month. (vs 5 in November). 80% of the sales were under $1M. The inventory doubled to 8 months. December was a low for number of listings, so we expect them to rise. Days on market dropped from 61 to 43. List price to sale price ratio increased to 98%, showing little flexibility on the part of sellers. We expect to see the inventory increase as listings come on at Fairmont Estates which has prices from $1800psf. Fairmont and Three Harbour Green are the last remaining new waterfront buildings.
Listings -136. 34 listed under $500,000. 48 listed between $500,000 and $1M. 26 listed between $1M and $2M and 28 listed over $2M, including 7 over $5M and 9 expired, down from 20 in Dec and 4 in November.
40% are listed over $1M, up from 33% last month. Read the rest of this entry »
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Kitsilano Real Estate Analysis
February 6th, 2010 Categories: Kitsilano, Vancouver Real Estate
Listings more than doubled and sales increased 50% over December. Kits listings and sales equal to January 2008. Kitsilano real estate analysis condos for January saw the average selling price drop to $433,000 and the one bedrooms were two thirds of the sales. Average $psf for solds up to $625 from $498 a year ago and an all time high. Average Days on the market for sold condos down to 21 from 68 a year ago. List price to sale price ratio 99% from 95% a year ago. December saw 70% of the sales under $500,000. 6 listings didn’t sell or were cancelled. A healthy start for the year.
Listings- 103 . 3 listed under $300,000. 25 listed between $300,000 and $400,000 (up from 9 last month), 31 listings between $400,000 and $500,000 (up from 16) ,14 listings between $500,000 and $600,000 and 27 listed between $600,000 & $1M (up from 10), 3 listed over $1M. Read the rest of this entry »
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The History of Kitsilano, Vancouver
February 5th, 2010 Categories: Kitsilano History, Vancouver Real Estate
History: Named after a chief of the Squamish Nation Khahtsahlanough. Kitsilano has the distinction of being the second most recognized neighbourhood in Canada.
One of the area’s first non-native settlers, Sam Greer, lived on Kits Beach, currently voted the world’s third sexiest beach! In 1882 Sam, an Irishman, who had been an unsuccessful gold prospector in the Cariboo, claimed he bought 160 acres, bounded by lst Avenue, Trafalgar and the beach. He moved his wife and daughter into a small cabin at the present site of the Kits Beach bathhouse. His land claim was never recognized by the CPR. They began proceedings to prove his claim was worthless and that the railway had legal title. The CPR was given authority to evict Sam and sent in the sheriff. Sam grazed the sheriff with buckshot and was convicted of common assault in 1891. He died in 1925 at the age of 82. Greer Street commemorates this colourful early citizen. Read the rest of this entry »
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Featuring Coal Harbour’s Condo “One Harbour Green”
February 4th, 2010 Categories: Coal Harbour Buildings, Real Estate News, Vancouver Real Estate
Address: One Harbour Green, 1169 West Cordova, Vancouver, BC V6C 3T1, BC, Canada
Built - 2006
Architect - James Cheng Architects Inc.
Developer - ASPAC
Features - floor to ceiling windows with UV protected solar blinds, pure wool carpeting and gas fireplace. Concrete construction with fibre optic communications and quiet central heating/air conditioning and ventilation system
Amenities - indoor pool, sauna/steam room, exercise room, concierge, swirlpool, hot tub, 3rd floor terrace Read the rest of this entry »
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Wordless Wednesdays
February 3rd, 2010 Categories: Vancouver Real Estate, Wordless Wednesdays
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Greater Vancouver Listings Up, Sales Down in January 2010
February 2nd, 2010 Categories: Market Data, Real Estate News, Vancouver Real Estate
Diverse selection and favourable interest rates continue to drive demand in the Greater Vancouver housing market.
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Featuring Fairmont Rim Estates, Coal Harbour, Vancouver Waterfront
January 31st, 2010 Categories: Vancouver Events, Vancouver Real Estate
Fairmont Rim Estates at 1011 West Cordova Street, Vancouver, BC.,V6C OB8. One of 8 luxury waterfront condos on Coal Harbour’s exclusive quarter mile of waterfront.
Built - 2010 and due to open end of February or early March
Architect - James Cheng
Developer - Westbank and Peterson Group. Developer’s website. They built Shangri-la, Shaw Tower and Woodwards Redevelopment
Landscape Architect - Phillips, Farawaag Smallenberg
Storeys - lower floors are 26 to 31 (01 to 09 suites varying from 727 sf to 2669sf) Upper floors are 32-45 (01 to 07 suites varying from 1300sf to 2669sf) Sub penthouses (6400sf) and two Penthouses (double height and roof garden) are 46th floor and are 6700sf.
Privileges - 5 Star Hotel Privileges including 24 hour concierge, valet and limosine services, Spa, Meeting & Conference Facilities, Ballrooms, State of the Art Business Centre, 18 seat multi-media movie centre, Private Cabanas with Firepits, Elegant Pool, Poolside Bar, Hot tub
Features - security and communication by Millson-Multi Media including I-Pod docking station, extreme speed internet service
Kitchens - Boffi of Italy, appliances by Miele and Sub-Zero,
Bathrooms -Kohler cast iron tub and watertile body sprays, Boffi designed built in wooden cabinets. Full length marble, tile or travetine stone walls and flooring
View other coal harbour condos and my coal harbour posts including monthly statistics
View my coal harbour website.
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when you’re ready to buy or sell in Coal Harbour, contact Maggie, an experienced realtor marketing vnacouver homes since 1981
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UBC Study Reports the Effects of the Olympics on Real Estate Prices
January 30th, 2010 Categories: Olympic Village, Vancouver Events, Vancouver Housing Market, Vancouver Real Estate
Cities that win Olympic bids experience neither boom nor bust in their real estate prices, but gain construction jobs as they prepare for the Games.
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BCREA - BC Real Estate Recovery Limited by Economy, Affordability
January 29th, 2010 Categories: Real Estate News, Vancouver Real Estate
BCREA Housing Forecast Update - First Quarter 2010 Vancouver, BC – January 29, 2010.
The British Columbia Real Estate Association (BCREA) released its Housing Forecast Update for the first quarter of 2010 today. BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 6 per cent from 85,028 units in 2009 to 90,100 units this year, before declining 3 per cent to 87,500 units in 2011. Higher home prices and rising mortgage interest rates will provide a constraint on home sales next year. “BC MLS® residential sales sprinted from an annualized rate of 50,000 units during the first quarter to 112,000 units during the fourth quarter last year,” said Cameron Muir, BCREA Chief Economist. “That gold medal finish will give way to a silver medal performance in 2010.” Relatively slow economic growth, waning pent-up demand and rising carrying costs are expected to keep home sales from continuing at their frenetic pace. While home sales in Victoria, Vancouver and the Fraser Valley rebounded sharply last year and weighted heavily in the provincial total, the rest of the province is demonstrating more gradual improvement. The average annual MLS® residential price in BC is forecast to increase 5 per cent to $490,900 this year and then rise by 1 per cent to $494,800 in 2011. “Higher mortgage interest rates will limit price appreciation next year,” added Muir. 
keep up to date with vancouver’s changing real estate market, subcribe via RSS or email
contact Maggie when you’re ready to buy or sell vancouver real estate
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