This post will focus on Vancouver (west side) luxury condos over $2M.
March saw 10 sales of luxury Vancouver condos over $2M, including only one over $5M , with average days on market 73 and a total of 179 listings with 91% list price to sales price ratio. The $2M-$3M price range selling the best.A whopping 17 months of inventory and a strong buyer’s market in this price range.
Listings - Jan Feb 50, Mar 179
85 listed between $2M and $3M. 47 listed between $3M & $4M. 21 listed between $4M and $5M. 22 listed between $5M & $10M. 4 listed over $10M.
Luxury Sales over $2M 2004 – 35 , 2005 – 37, 2006 – 40, 2007 – 62, 2008 – 47, 2009 – 85
2010 Solds -Jan 3, Feb 7, Mar 7, Apr 4
Six sold between $2M and $3M, three sold between $3M & $4M and one sold over $5M (my listing 5303 @ Shangri-la)
Properties sold over $5 million - Jan 2, Feb 1, Mar 1
Properties sold over $10 million -Jan 0, Feb 0Mar 0
Average Days on Market for Solds - Jan 59, Feb 22, Mar 73
List Price to Sales Price Ratio - Jan 94%, Feb 94%, Mar 91%
Supply (months) Jan 9, Mar 17
Average Sold Price – Jan $2.7M, Mar $3.1M
Most expensive condo is 1000 beach Penthouse $12,980,000. 4 condos listed over $10M.
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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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