Archive for the 'West End' Category
Vancouver’s West End Market Analysis May 2008
June 9th, 2008 Categories: Vancouver Real Estate, West End
Vancouver’s West End market in May saw a 16% drop in sales from April, a 4% increase in listings and a 3% decrease in the Average Price. Days on the market is stable.
Listings 241 - up from 232 in April. One third (69) had price reductions and l had a price increase.
60% of Vancouver’s West End listings are under $500,000 (a total of 145). 62 are listed between $500,000 and $1 million and 31 are listed over $1 million, of which 9 are listed over $2 million and two of those are listed over $5 million.
Sales 36 - down from 45 in April. Ten of those Vancouver West End sales had a price reduced (25%). Read the rest of this entry »
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What Will Vancouver’s City Hall Approve for the West End’s Concession Stand?
June 8th, 2008 Categories: Vancouver Real Estate, West End
Vancouver’s Park Board learnt a lesson in how to please private-sector partners when they had a 3 year controversy over Kits Beach’s Watermark Restaurant
The City of Vancouver’s land at English Bay has had an eatery since the 1950s and now the City has decided to turn it into a restaurant. The City is seeking public input on building specifications before it seeks a private partner, who would provide 65% of gross revenue to the Park Board.
Vancouver’s Park Board director of special projects Jim Lowden said he wants to ensure potential private sector partners that if they win the tender process, they’ll have the right to build a restaurant that will have a price point and menu similar to the nearby Milestone’s and Boathouse restaurants, but with a better view…arguably the best in the West End. Read the rest of this entry »
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Vancouver’s West End Market Analysis for April 2008
May 17th, 2008 Categories: Vancouver Real Estate, West End
Vancouver’s West End is well supplied with listings. The market under $500,000 is by far the most active.
Listings 232 - a whopping 60 have had their list price reduced. 135 are listed under $500,000 and 57 are listed between $500,000 and $1 million and 28 are listed between $1 and $2 million, leaving 7 over $2 million. The most expensive is $5,775,000
Sales 38 - 10 had List Price reductions. 26 sold under $500,000 and the remainder sold under $901,000. The least expensive West End condo to sell in April was $262,000. Read the rest of this entry »
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Best Priced West End 2 Bedroom Condo Under $650,000 Just Listed
May 16th, 2008 Categories: Vancouver Real Estate, West End
1703-1010 Burnaby in Vancouver’s West End boasts views of English Bay and the mountains and is priced to sell.
You’ll love coming home to the Ellington and playing the ivories on its grand piano in the social lounge, then having a swim or soaking in the hot-tub, working out in the gym and having a game of billiards before dining on your 80 sq.ft. deck and enjoying the sunsets over English Bay.
This north west corner 1000 sq.ft. suite has new carpets, floor to ceiling windows and 9 ft ceilings plus an eating area in the kitchen, a utility room, soaker tub and 2 parking stalls.
The Ellington was built by Cressey in 1988 (before there was a Downtown Vancouver condo neighbourhood!). This is the original owner. The building was recently replumbed, updated the common areas and fobbed for security. It is in top condition and has a live in caretaker. Pets are welcomed. Read the rest of this entry »
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Vancouver’s West End Renters Given Eviction Notice
May 12th, 2008 Categories: Vancouver Real Estate, West End
Hollyburn Group who own about 20 West End rental buildings gave eviction notices to the tenants of the Glenmore building at the corner of Gilford & Barclay.
82% of all the suites in Vancouver’s West End are rental and because the buildings were built in the 1960s and 1970s the rents are lower and attract a lower to middle income tenant. The vacancy rate in the neighbourhood is now 0.2%, in line with the downtown peninsula and not expected to change in the near future. Read the rest of this entry »
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B.C.’s 10th Largest Town - Vancouver’s West End
April 18th, 2008 Categories: Vancouver Real Estate, West End
Vancouver’s West End is the 10th largest town in BC
Ozzie’s office called me last week for some information on the West End because I have been working in the hood since 1981. Yikes! I’m honoured and at the same time feeling like an ole vet! Read the rest of this entry »
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Vancouver’s West End Market Analysis March 2008
April 14th, 2008 Categories: Vancouver Real Estate, West End
Reflections
Listings up, prices up, sales down, days on the market have increased.
Listings 205 (up from 172 in Feb) Least expensive 2 bedroom $379,000.
125 listed under $500,000. 48 listed between $500K and $1M. 28 listed between $1M and $3 and 3 over $5M. 54 have had a list price reduction. (a whopping 25%) Read the rest of this entry »
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West End Stats February 2008
March 13th, 2008 Categories: Vancouver Real Estate, West End
172 Current Listings
108 listed under $500,000. 38 listed between $500,00 and $1 million. 16 between $1 million and $2 million. 10 listed over $2 million.
The least expensive listing is $152,000 for a studion in a 99 year leasehold building. The least expensive studio in a strata building is $279,000. The least expensive 2 bedroom is at 1232 Harwood for $449,000.
Only 70 of these listings permit rentals.
February Solds: 49. Three and a half months of inventory…pretty tight market.
Of those solds 37 were under $500,000. 11 between $500,000 and a million and one sold over $1 million. Of those solds, 4 were studios, 27 were one bedrooms, 17 were two bedrooms and the most expensive sale was a 3 bedroom at 909 Burrarrd, 1775 sq.ft. selling at $1,050,000. Only 4 of them had a List Price Reduction.
The least expensive sale for the month was a studio in a leasehold building selling at $200,000 for 480 sq.ft. (nearly the size of l bedrooms Downtown!!). the same in a strata building sold for $270.000
9 sold at list price and 9 sold over list price. Of those selling at or over list price 13 were between the price range of $388,000 to $655,000. 40% of all sales selling at list or above. In a Vancouver market that is not experiencing as much multiple offer situations as in the past, indicates value in the West End condo market.
Median $ pr sq ft is $584. Median days on the market was 16. Median price $395,000.
Happenings 1550 Barclay is a rental building that has been converted to condos. It has underground parking and is rental friendly. 600 sq. ft. l bedroom selling around $350,000.
Appreciation West End condos have risen 16.2% over the last year and 108.9% over the last 5 years.
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Name that Building!
February 15th, 2008 Categories: Vancouver Real Estate, West End
This is the only building that I know of in Vancouver which has a tree growing on the top of it!
Built in 1989 The Eugina is in the 1900 Beach Ave.
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West End January Stats
February 13th, 2008 Categories: Real Estate News, West End
MLS show 168 listings from $160,000 for a studio in a 99 year leasehold building to a Penthouse for $5,999,000 that is 4400 sq.ft.
January had 51 sales - a healthy market with 3 months of inventory. 39 sales under $500,000 and 4 over one million.
The most expensive was 281 days on the market and sold for $1500 pr sq ft. The least expensive was one day on the market and sold for $221,000, $385 pr sq ft. The average was 45 days on the market and $623 pr sq ft. 6 sales had a price reduction and one a price increase.
17 sold at list price and 2 sold over list price.
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