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.
Least expensive $299,000 for a studio 420 sf. Least expensive 2 bedroom $495,000 for 800 sf. in Pointe Claire (1166 Melville).
Most expensive- The Melville Penthouse at $10,800 for 5700 sq.ft. Over 2500 sq.ft. condo at One Harbour Green for $6,830,000, includes 3700 sqft of outdoor space ($2800 pr sq ft). Three Harbour Green is now pre-selling around $2000 psf on the front of the building and Fairmont Pacific Rim Estates (Hotel/Condo) is in the process of completeing. NW corner 1792sf asking $3,250,000 and 2440sf $5,850,000.
2008 Listings -Jan 128, Feb 149, Mar 179, Apr 176, May 175, June 192, July 220, Aug 212, Sept 245, Oct 246, Nov 247, Dec 201
2009 Listings – Jan 220, Feb 202, Mar 191, Apr 172, May 172, Jun 158, Jul 146, Aug 130, Sept 124, Oct 139, Nov 111, Dec 99
2010 Listings - Jan 136
Sales - 17. 6 sold under $500,000 . 7 sold between $500,000 & $1M . 4 between $1 & $2M. Most expensive $1,810,000 for 1975 sf on the waterfront at Bayshore Gardens. Lease expensive $350,000 for a small l bedroom on West Georgia
2008 Sales - Jan 14, Feb 33, Mar 22, Apr 26 May 16, June 16, July 11, Aug 12, Sept 16, Oct 12, Nov 9, Dec 6
2009 Sales – Jan 8, Feb 11, Mar 17, Apr 33, May 31, June 35, July 35, Aug 38, Sept 25, Oct 30, Nov 27, Dec 19
2010 Sales - Jan 17
Least expensive -$269,000 for a studio. Most expensive -$5.3 for a front suite 2600 sq.ft. at Harbour Green Two
Supply 2009- (months) Feb 19, Mar 11, Apr 5, May 5.5, June 5.1, Jul 4, Aug 3.4, Sept 5, Oct 4.6, Nov 4, Dec 4.6
Supply 2010 – Jan 8
Days on Market for Solds 2008- Jan 67, Feb 44, Mar 39, Apr 47, Jun 71, Jul 73, Aug 83, Sept 53, Oct 54, Nov 41, Dec 75
Days on Market for Solds 2009 – Jan 70, Feb 47, Mar 75, Apr 86, May 78, June 57, Jul 80, Aug 67, Sept 62, Oct 68, Nov 61, Dec 61
Days on Market for Solds 2010 - Jan 43
2008 Average Sale Price - Dec $983,000, Nov $848,555 $Oct $910,291, Sept $1,513,062, Aug $1,569,772 , July 1,379,091, Jun 803,091, Apr $770,430, Mar 807,340, Feb $974,329, Jan $966,806
2009 Average Sale Price – Jan $785,687, Feb $1,013,590, Mar $708,000, Apr $807,748, May $858,700, June $931,725, Jul $1,540,000, Aug $895,000, Sept $1,129,000, Oct $1,191,800, Nov $1,240,000, Dec $783,000
2010 Average Sale Price - Jan $826,000
2008Average Selling Price Pr Sq Ft - Dec 860 , Nov 742, Oct 835 , Sept 958
2009 Average Selling Price Pr Sq Ft – Jan $708, Feb $773, Mar $676, Apr $576, May $761, Jun $757, Jul $919, Aug $787, Sept $858, Oct $848, Nov $887, Dec $782
2010 Average Selling Price Pr Sq Ft - Jan $762
2008List Price to Sale Price Ratio - Dec 95% , Nov 92%, Oct 92%, Sept 93%
2009 List Price to Sale Price Ratio- Jan 91%, Feb 92%, Mar 91%, Apr 95%, May 95%, Jun 96%, Jul 94%, aug 97%, sept 96%, Oct 95%, Nov 96%, Dec 96%
2010 List Price to Sale Price Ratio – Jan 98%
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