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How Much Have Yaletown Condo Prices Dropped?
by Maggie Chandler on May 14, 2012
in Yaletown
How much have Yaletown condo prices dropped over the past year? A whopping 27% lower than April 2011. Vancouver’s Downtown waterfront neighbourhood of Yaletown saw its prices on a roller coaster decline since peaking in Jan’11. Number of listings for sale have been on the rise since Dec’11 and are at the same level as Oct’10. Sales have been on a downward roller coaster since Mar’11 and dropped 30% from previous month. Nov’08 was the lowest month for sales.
How Long to Sell a Listing in Yaletown?
However, days on the market for Yaletown real estate continues to decrease and sits at 27. Yaletown townhomes took an average of 64 days to sell. Average $psf is down to $708.
What Properties Are Selling Best in Yaletown Condos?
Yaletown’s condos in the $400,000-$500,000 range sold the best. Slightly more than half the sales were under $500,000 and only 15% over $1M. One bedrooms held value the best over the last year with a 4% drop in average sale price. Two bedrooms dropped 15% and three bedrooms dropped 45%. Strong buyers market!
P.S. I am your Vancouver real estate condo realtor! Decades of experience marketing vancouver homes!
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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 much have Yaletown condo prices dropped over the past year? A whopping 27% lower than April 2011. Vancouver’s Downtown waterfront neighbourhood of Yaletown saw its prices on a roller coaster decline since peaking in Jan’11. Number of listings for sale have been on the rise since Dec’11 and are at the same level as Oct’10. Sales have been on a downward roller coaster since Mar’11 and dropped 30% from previous month. Nov’08 was the lowest month for sales.
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