Comparing Past Values for Vancouver Real Estate Downtown

by Maggie Chandler on January 2, 2009

in Uncategorized

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Let’s take a look at some condos in Vancouver’s Downtown and compare their current value to what their value was in recent years.

This month I found a sale in a 2 year old building on Seymour Street, 710 sq.ft. l bedroom which sold for $350,000. It sold in March 2007 for $370,000 . It registered in July 2006 for $275,000 (probably sold as a pre-sale at an earlier date).

A 662 sq.ft. one bedroom just sold for $338,000. It sold in August ’07 for $ 398,000. (a 15% drop) It registered in January’07 for $286,000 (pre-sale).

A 830 sq.ft. 2 bedroom in Tinseltown just sold for $390,000. It sold in May’04 for $268,000. and in June’97 for $165,000

A 4 year old Yaletown hirise 517 sqft l bedroom just sold for $316,000. The sale price before that was $253,000 in mid’05 and $176,000 when it registered at the beginning of 2004 ( a pre-sale).

In November 2008 there were 18 sales in Downtown between $300,000 and $400,000 and the average sale price was $353,000.

For Nov’07 there were 59 sales in Downtown, in the above price range, and the average sale price was $357,246

when you’re ready to buy or sell Vancouver real estate, contact Maggie, an experienced realtor marketing Vancouver homes since 1981.

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