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How is the Vancouver Real Estate Market in Yaletown?
by Maggie Chandler on December 29, 2011
in Yaletown
How is the Vancouver real estate market in Yaletown? Are sales up or down? Have listings increased? What’s the average price? How long does it take to sell a Yaletown property? What are prices doing? Are they higher or lower than 90 days ago? What price range is selling the best?
The Yaletown market in November saw a big drop in listings and sales flat, compared to October
- 32% of the sales were under $500,000
- The supply dropped by a whopping 25%, now only 3 months of inventory and a tick up in average price
- market favours sellers who are properly priced. The new year will see an uptick in listings
Where is Yaletown?
It is the area west of Burrard street, south of Pacific Avenue and east of Carrall St. It also runs east of Richards and south of Smythe.
What’s it Cost to Buy in Yaletown?
You can buy a studio condo from $318,000 and one bedrooms start around $339,000, 2 bdrms from $449,000 and 3 bdrms are over $1M. Most Expensive? a waterfront Penthouse for $11,800
The Stats (compared to previous month)
- Listings191 ( 252)
- Sales 59 (61)
- Average days on market – 42 (42)
- Sellers on average moved 3% from their List Price (unchanged)
- Sales averaged $705psf (727)
- Average sale price $664,040 ($626,863)
- months of inventory 3 (4)
Busiest price range?
- 50% sold under $500,000
- 40% between $500,000 and $1M
- 10% sold over $1M
What’s the 90 day trend?
Listings are now lower and sales flat
What’s the 12 month trend?
- HPI price up 1.8 %
- Benchmark price $807,905
View my Vancouver previous Yaletown posts
Buying or selling in Vancouver’s Yaletown?
- I come armed with stats and graphs
- excellent interpersonal skills
- hyperlocal info
- educate you about the market and the process
- all coupled with decades of experience providing trustworthy real estate advice
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WELCOME! And thanks for checking out my site, and wanting to know a little bit about me.
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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How is the Vancouver real estate market in Yaletown? Are sales up or down? Have listings increased? What’s the average price? How long does it take to sell a Yaletown property? What are prices doing? Are they higher or lower than 90 days ago? What price range is selling the best?
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