Archive for the 'West End' Category
Vancouver Real Estate Analysis for West End May 2009
June 15th, 2009 Categories: Real Estate News, Vancouver Real Estate, West End
Compared to April, Vancouver real estate in the West End saw May listings drop 12% to 201, having reached a record high in November. Sales climbing from 26 in January to 88 in May, which is the highest for the year. The days on the market for condos that sold dropped to 49, compared to 69 in January. The average selling price was $482,585. A whopping 85% of the sales were under $500,00 and the highest price was nearly $3M in the Shangri-la. The list price to sale price ratio flat at 96%. The West End inventory dropped again to just only 2.2 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is down slightly to $541, compared to $471 in November. The market under $500,000 has the most demand (in February it was the market under $300,000). Higher price ranges still soft. Prices at the bottom now moving up.
Listings - 201. 27 listed under $300,000 (including 5 under $200,000). 55 listed between $300,000 and $400,000. 37 listed between $400,000 and $500,000. 48 listed between $500,000 and $1M and 34 listed over $1M. Read the rest of this entry »
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Vancouver Real Estate Stats for West End, April 2009
May 16th, 2009 Categories: Real Estate News, Vancouver Housing Market, West End
Vancouver real estate in the West End saw listings down to 228 in April, from 254 in March, having reached a record high for the year in November. Sales climbing from 26 in January to 73 in April, which is the highest for the year. The days on the market for condos that sold dropped to 51. The average selling price increased from $441,480 to $521,593, the highest for the year. 70% of the sales were under $500,00 and the highest price was $1,180,000 in the Shangri-la. The list price to sale price ratio increased to 96% indicating sellers showing less flexibility. The West End inventory dropped again to just over 3 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is up to $558. The market between $300,000 and $400,000 and between $500,000 and $700,000 has the most demand (in February it was the market under $300,000). Higher price ranges doing better.
Listings - 228
Least expensive - $159,00 for a leashold studio
Most expensive - $5,888,000 for 4500 sqft in Shangri-la. View it Read the rest of this entry »
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Analysing Vancouver Real Estate on Beach Avenue
May 1st, 2009 Categories: Vancouver Real Estate, West End
I have a beautiful listing at 1403 Beach Avenue, West End, Vancouver, so I’ve been spending much time in what I call Vancouver’s forgotten neighbourhood. I’ve been meeting new clients who call on this listing and was out last weekend viewing Beach Avenue condos and thought it’d make an interesting post. Beach Avenue was the first street in the city where you could buy a condo and live on the waterfront - it boasts unobstructed views to UBC and West Vancouver.
Most of us have lived in the West End at one time or another. I did when I was a renter, back when there were few condos in the neighbourhood.
Beach Avenue ends at Stanley Park (2000 block) and used to start at 1000 block which is just west of Burrard Street Bridge. In 1989 they built the 1000 Beach complex, on the waterfront and in the early millennium they developed the area east of Granville Street bridge called the Beach Crescent neighbourhood (400-600 block). Read the rest of this entry »
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Vancouver Real Estate Analysis for West End March 2009
April 20th, 2009 Categories: Vancouver Housing Market, Vancouver Real Estate, West End
Vancouver real estate in the West End saw listings down to 254 in March from 274 in February, having reached a record high for the year in November. Sales steadily climbing from 26 in January, to 34 in February and 56 in March. The days on the market for condos that sold increased to 67 from 44. The average selling price decreased from $477,545 to $443,480. 80% of the sales were under $500,00 and the highest price was $1,180,000 in the Shangr-la. The list price to sale price ratio is flat. The West End inventory dropped to 4.5 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is stable at $525. The market between $400,000 and $500,000 has the most demand (in February it was the market under $300,000 - move up sellers?)
Listings - 254
Least expensive - $158,000 for a concrete building, 99 year leasehold, 450 sq.ft. Least expensive strata l bedroom $238,000. Least expensive strata 2 bedroom is $335,000 with most of them begnning at $410,000.
Most expensive - $5,888,000 for 4500 sqft in Shangri-la. View it Read the rest of this entry »
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Beach Avenue Living with Oceanview and Private Garden
April 16th, 2009 Categories: Vancouver Real Estate, West End
FloorplanFloorplanFloorplanFloorplanFloorplan
Beach Avenue living with ocean views, private garden (641 SqFt) & security. Like-new, this Designer Condo has been completely renovated to the highest quality of finishing and boasts 2 Bedrooms & Den, 3 Baths + 864 SqFt of outdoor living. Kitchen features Wenge-wood cabinets, granite countertops, limestone bar, stainless steel appliances, Grohe fixtures, glass tile backsplash, Sub-Zero and Meile appliances. All new lighting, sprinkler, heating and plumbing throughout. Solar shades and American cherry-hardwood floors. Bose surround-sound system and ceiling fans in all rooms. Master bathroom steam in shower, heated floors, granite countertops. A beautiful Corner Suite that must be seen to appreciatee. Unique! 1851 sq.ft. plus 864 sqft of outdoor space.
Rentals and pets allowed
Amenities: bike room, exercise centre, greenhouse
Appliances included: Washer/dryer, Refrigerator, Stove, Dishwasher, Microwave
Window coverings and in-suite laundry
Open House April 17th 10.30-12 noon.
Listed at $2,488,000.
When you’re ready to buy or sell Vancouver real estate, contact Maggie, an experienced agent marketing Vancouver real estate since 1981. subscribe via RSS or email
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Vancouver Real Estate Market Analysis for West End February 2009
March 16th, 2009 Categories: Vancouver Housing Market, Vancouver Real Estate, West End
Vancouver real estate in the West End saw increased optimism in the New Year with listings up slightly from 253 in January to 274 in February, having reached a record high for the year in November. Sales were up from 26 to 34 having reached a record low for the year in November. The days on the market for condos that sold dropped from 69 to 44. The average selling price increased from $447,226 to $477,545 and has increased for 4 consecutive months. and is a 20% drop since January 2008. 75% of the sales were under $500,00 and the highest price was $2,480,000 in the Shangr-la. The list price to sale price ratio is flat. The West End has 8 months of inventory on the market, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is stable at $525. The market under $300,000 has the most demand. Read the rest of this entry »
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Vancouver Real Estate Analysis for West End January 2009
February 13th, 2009 Categories: Vancouver Housing Market, Vancouver Real Estate, West End
Vancouver real estate in the West End saw increased optimism in the New Year with listings up slightly from 242 in December to 253 in January 2009, having reached a record high for the year in November. Sales were up from 21 to 26, having reached a record low for the year in November. The days on the market for condos that sold was up from 53 to 69. The average selling price increased from $407,357 to $447,226 and is a 25% drop since January 2008. Half the sales were under $400,00 and the highest price was $1,388,000. The list price to sale price ratio increased 1%, meaning sellers discounted their list price less than they did in December. The West End has 9.7 months of inventory on the market, down from 11 months in December. The average $ pr sq ft for those West End condos that sold increased from $512 to $528. Currently 31 listings under $300,000. The market under $300,000 and between $400,000 and $500,000 has the most demand.
Listings - 253
Least expensive - $195,000 for a concrete building, 99 year leasehold, 430 sq.ft. Lease expensive strata l bedroom $218,000. Least expensive strata 2 bedroom is $347,000 with most of them begnning at $410,000. There were better deals under $200,000 in Novemeber/December. Most expensive $4,385,000 for 2694 sq.ft. in the Shangri-la.
4 West End condos listed under $200,000. 25 listed between $200,000 and $300,000. 75 listed between $300,000 and $400,000. 43 listed between $400,000 and $500,000. 25 listed between $500,000 & $600,000. 20 listed between $600K & $800K and 61 listings from $800K to $4,385,000.
2008 Listings - Jan 168, Feb 172 , Apr 232 , May 241 , June 235, July 235, Aug 246, Sept 257, Oct 268, Nov 281, Dec 242
2009 Listings - Jan 253
2008 Sales - Jan 57, Feb 53, Mar 42, Apr 45, May 38, June 29, Jul 25, Aug 25, Sept 29, Oct 16, Nov 15, Dec 21
2009 Sales - Jan 26
Two sold under $200,000. 7 sold between $200,000 and $300,000. 4 sold between $300,000 and $400,000. 7 sold between $400,000 and $500,000. and 2 between $500K and $600K. 2 sold between $600K and $800K and 2 sold between $1M and $1.5M. 40% had a list price reduction. 4 sales were at the Shangri-la (REBGV categories 1111 Alberni as the West End)
Supply - 3 1/2 months supply under $300K. 18 months between $300,000 and $400,000. 6 months between $400K & $500K. 12 months between $500K and $600K. 10 months between $600K & $800K . 30 months supply for West End condos listed over $800,000 and no market at present over $1.5M in Vancouver’s West End.
Least expensive - a 500 sq.ft. one bedroom for $162,000, $270 pr sq ft…unbelievable value! An all tme low for current sales. The stats show that we last saw this price in this building was summer of 2004!!! Surely this market has bottom?
Most expensive - $1,388,000 for 1600sq-ft in the Shangri-la. Just over $800 pr sq ft. Purchased as a pre-sale for $1M.
2008 Average Days on Market - July 51, Aug 57, Sept 65, Oct 45, Nov 48, Dec 53
2009 Average Dasy on Market - Jan 69
2008 Average Sale Price - Jan $592,298. Aug $392,000 Sept $447,834, Oct $370,468, Nov $375,433, Dec $407,357
2009 Average Sale Price - Jan $447,226
In Dec’07 the average sale price was $541,000 in Dec’05 it was $333,000. In Dec ‘06 it was $414,000.
2008 Average Selling Price $ pr sq ft - Dec $512, Nov $478, Oct $505 Sept $526, Jul $556, Jun $553, May $544
2009 Average Selling Price $ pr sq ft - Jan $528
2008 List Price to Sale Price Ratio - Dec 93% ,Nov 93% , Oct 95%
2009 List Price to Sale Price Ratio - Jan 94%
When you’re ready to buy or sell West End or Vancouver real estate, contact Maggie, an experienced realtor, marketing Vancouver homes since 1981
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Vancouver Real Estate Analysis for West End December 2008
January 22nd, 2009 Categories: Vancouver Housing Market, Vancouver Real Estate, West End
Vancouver real estate in the West End saw December listings down to 242 from 281 in November, having reached a record high for the year in November. Sales were up from 15 to 21 , having reached a record low for the year in November. The days on the market for condos that sold was up from 48 to 53, which isn’t the highest for the year. The average selling price increased from $375,433 to $407,357 and is a 30% drop since January and is equal to the price in Dec’06. Half the sales were under $400,00 and the highest price was $785,000. There were more sales over $500,000. The list price to sale price ratio did not change. The West End has 11 months of inventory on the market, down from 18 in November. The average $ pr sq ft for those West End condos that sold increased to $512, having dropped under $500 pr sq ft in November for the first time this year. You can now buy condos in the West End under $200,000, prices not seen since end of 2004!! Most demand under $300,000 and least demand over $800,000.
Listings - 242
Least expensive - $173,000 for a West of Denman concrete building with a roofdeck and indoor pool, 99 year leasehold, 573 sq.ft., needing renovation. Investor alert! This price was last seen at the end of 2004!!
4 West End condos listed under $200,000. 25 listed between $200,000 and $300,000. 68 listed between $300,000 and $400,000. 33 listed between $400,000 and $500,000. 44 listed between $500,000 & $600,000. 16 listed between $600K & $800K and 52 listings from $800K to $5,775,000.
2008 Listings - Jan 168, Feb 172 , Apr 232 , May 241 , June 235, July 235, Aug 246, Sept 257, Oct 268, Nov 281, Dec 242
Sales - 21 Read the rest of this entry »
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Vancouver Real Estate Analysis for West End Nov 2008
December 4th, 2008 Categories: Real Estate News, Vancouver Real Estate, West End
Vancouver real estate in the West End saw November listings up from October to 281 and is a record high for the year. Sales were down from 16 to 15 and is a record low for the year. The days on the market for condos that sold dropped 65 to 45. The average selling price increased from $370,468 to $375,433 and is a 35% drop since January. 9 of the sales were under $400,00 and the highest price was $732,000. The West End has over 18 months of inventory on the market. The average $ pr sq ft for those West End condos that sold dropped under $500 for the first time this year.
Listings - 281
2008 Listings - Jan 168, Feb 172 , Apr 232 , May 241 , June 235, July 235, Aug 246, Sept 257, Oct 268, Nov 281
Sales - 15 Read the rest of this entry »
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Vanouver Real Estate West End Analysis October 2008
November 13th, 2008 Categories: Vancouver Housing Market, Vancouver Real Estate, West End
Vancouver real estate in the West End saw October listings up a tad from 257 in September to 268. Sales were down from 29 in September to 16. The days on the market for condos that sold dropped 65 to 45. The average selling price dropped from $447,834. to $370,468, the lowest for the year and a 35% drop since January. Half the sales were under $300,000 and 90% of the sales were under $400,000. The West End has over 16 months of supply.
Listings - 268
43 listed under $300,000. 84 listed between $300K and $400K. 49 listed between $400 and $500K. 39 listed between $500 and $700,000 and 53 listed over $700,000.
2008 Listings - Jan 168, Feb 172 , Apr 232 , May 241 , June 235, July 235, Aug 246, Sept 257, Oct 268
Sales - 16. Five sold under $300,000. 8 sold between $300,000 and $400,000. No sales between $400K and $500K. 2 sold between $500K and $700K and one over $700,000. Read the rest of this entry »
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