Find Out Which Price Range for Vancouver Real Estate Sells the Best
by Maggie Chandler on October 21, 2008
in Uncategorized
In this excellent Vancouver real estate buyer’s market, it’s a good idea for sellers to look at which price ranges are selling and which aren’t, then they can make an informed decision whether they should be listing their Vancouver condo, or making alternate plans.
The Real Estate Board’s stats for the year show there have been 3,051 condo sales in Vancouver (west side) til the end of September.
As Vancouver real estate prices continue to slide The best selling price range is $350,000 to $400,000 (about 17% of the total sales). Closely followed is the $300,000-350,000 (14%) and $400,000 to $450,000 (13%)price range. Concluding that most of the buyers are in the $300,000 to $450,000 range (44%). The sales start to decrease quite a bit after $550,000.
$650,000 to $999,999 is the worst selling price ranges. $900,000 to $950,000 has the fewest sales – 34 for the year. Then we get to the $1 million and over, which has 193 sales for the year, nearly 7% of total Vancouver real estate condo sales.
There are currently 2500 condos for sale in Vancouver’s west side and less than 250 sales in September. The average price is $400,000, which the graph shows is where it was in September 2006.
View individual monthly stats for Coal Harbour, Downtown, False Creek North, Kitsilano and West End by subscribing via RSS or email.
So what happens after the 2010 Olympics? Apparently Salt Lake City ’s real estate is doing just fine. See what the Ozzie Jurock says. Take advantage of this great buyer’s market!
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I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello!
The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver.
I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums.
I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion.
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