27th Vancouver International Film Festival
September 14th, 2008 Categories: Vancouver Events, Vancouver Real Estate
Vancouver’s 27th International Film Festival plays from September 25th - October 10th.
Critically acclaimed as “an unspoiled celebration of world cinema”, the festival brings you films from 50 countries and is among the five largest film festivals in North America, screeing 350 films, most of them twice, on to screens over a two week period.
The online film program guide goes live September 6th. Watch for the comprehensive 200-page Souvenir Program Guide as of September 13.
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Calling Vancouver Patio Lovers
September 12th, 2008 Categories: Vancouver Real Estate
Distinctive NW corner 954 sq.ft. 2 bedroom, 2 bath in the boutique building–Virtu.
This stunning suite is truly unique with a 565 sqft patio plus a balcony featuring north, south and west exposures to enjoy your gardening and summmer cocktails.
Features granite countertops, cherry hardwood flooring and an epicurean kitchen with state of the art stainless steel appliances and gas range and storage room. Spacious and open floor plan with floor to ceiling windows. Exercise room overlooking courtyard. Walking distance to the best restaurants, art galleries & shopping that South Granville has to offer. Short stroll to Granville Island and Kits Beach. A truly unique condo. Easy to show.
View the virtual tour and come to my open house Saturday 13th 2-4pm or contact me for a private showing
MLS V732249 - 305-1650 W. 7th Avenue, Vancouver, BC V6J 1S5
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Vancouver’s West End Market Analysis August 2008
September 12th, 2008 Categories: Vancouver Real Estate, West End
Vancouver’s West End market saw listings in August up a tad from 235 in July to 246 in August. Sales were flat(25 vs 25 in July) The days on the market for condos that sold increased from 51 to 57. The average selling price dropped from $496,935 to $386,344. Very much a bottom end market.
Listings - 246 - there is currently a 9.8 month supply of condos in Vancouver’s West End. The least expensive is $139,000 which is a studio at 1250 Burnaby and is a foreclosure. 90 of them have had a list price reduction.
3 are listed under $200,000. 30 condos are listed under $300,000, including a 630 sq.ft. condo at 1855 Nelson, west of Denman. 77 listed between $300 & $400K. 50 listed between $400 & $500K. 51 listings between $500 & $800K. 16 listings between $800K and $1 million and 28 over $1 million, including 7 over $2 million.
2008 Listings - Jan 168, Feb 172 , Apr 232 , May 241 , June 235, July 235, Aug 246
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Vancouver Property Graphs August 2008
September 10th, 2008 Categories: Real Estate News, Vancouver Real Estate
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Wordless Wednesdays
September 10th, 2008 Categories: Vancouver Real Estate, Wordless Wednesdays
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Vancouver’s Coal Harbour Market Analysis August 2008
September 9th, 2008 Categories: Coal Harbour, Vancouver Real Estate
Vancouver’s Coal Harbour statistics for August show listings down to 212 from 220 in July. Sales flat at 12. Days on market up to 83, from 73 in July and average selling price up substantially from $1,379,091 to $1,569,772, more high end than low end condos selling.
Listings - 212 45 listed under $500,000. 74 listed between $500,000 and $1 million. 64 listed between $1 and $2 million. 20 listed between $2 and $4 million. 3 listed between $4 and $5 million and 9 listed over $5 million.
2008 Listings - Jan 128,Feb 149, Mar 179, Apr 176, May 175, June 192, July 220, Aug 212
Sales -12 Eight had list price reductions. 2 sold under $500K. 1 sold between $500K and $1 million. 5 sold between $1 & $2 million and 3 sold between $2 & 4 million. The most expensive was over $3 and a half million at 1281 Cordova on the waterfront.
There is a 15 month supply of listings in Coal Harbour under $500,000, a 74 month supply for listings between $500K and $1 million. A year’s inventory for listings between $1 and 2 million. Six months of inventory for condos between $2 and 4 milion and no takers over $4 million. More high end condos selling this month.
2008 Sales - Jan 14, Feb 33, Mar 22, Apr 26 May 16, June 16, July 11, Aug 12
2007 Sales - July 28, Aug 24, Sept 14, Oct 36 Nov 23, Dec 14
Contact me if you’re buying or selling in Coal Harbour
Days on market - 83. Jan 67, Feb 44, Mar 39, Apr 47, Jun 71, Jul 73, Aug 83
Average Price -$1,569,772 , July 1,379,091, Jun 803,091, Apr $770,430, Mar 807,340, Feb $974,329, Jan $966,806
August 2007 - 45 sales. Days on market 43. Average selling price $807,340
Happenings - Harbour Green Two and The Ritz due for Completion in September. Flatiron due for completion in October. Shangri-la Hotel completing in the Fall. Harbour Green Three now pre-selling, prices start at $1800 pr sq ft and smallest condo is 2800 sq.ft. Residences on Georgia and The Ritz Carlton now pre-selling.
Contact me if you would like to buy into the building or other Coal Harbour waterfront condos.
Have an opinion on the Coal Harbour market? Please leave a comment.
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Vancouver’s Kitsilano Market Analysis August 2008
September 8th, 2008 Categories: Kitsilano, Vancouver Real Estate
Vancouver’s Kitsilano condo neighbourhood saw sales for the month of August drop from 38 to 25 and listings up slightly from 159 to 165. Average price for sold condos dropped from $439,663 in July to $416,240. Days on the market dropped from 43 to 37.
Listings 166(159 in July). Of those 44 had price reductions (vs.46 in July). 94 are listed under $500,000 and 65 between $500,000 and $1 million and 6 over $1 million. Cheapest Kitsilano studio $229,000, cheapest 2 bedroom $449,000 for 850 sq.ft.
Sales 25 - 8 had list prices reduced (vs. 14 in July). 22 Kitsilano condos sold under $500,000 and 3 between $500,000 and $850,000. There is a 4.2 month supply of condos under $500,000 and a 21.6 month supply of condos over $500,000 and none selling over $1 million. Least expensive Kitsilano sale was under $270,000.
2008 SALES - Jan 26, Feb 44 , Mar 20, Apr 42, May 45, June 35, July 38, August 25
Days on the market - January 27, February 18, March 18. April 28, May 28, June 28, July 43, August 37
Average price - Jan $449,600, Feb $486,260 Mar $451,000, Apr $ 476,452, May $492,063, Jun $ 398,350 Jul $439,663 , Aug 416,240
During August Kits condo market was in step with the rest of Vancouver’s condo market.
View my other posts for Kitsilano or search for Kitsilano listingsIf you are buying or selling a condo in Kits, please fill out my contact form.this site is updated regularly, subscribe via RSS or email FOR FREE
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Ballet BC Presents Nine Sinatra Songs & Schubert
September 6th, 2008 Categories: Vancouver Events, Vancouver Real Estate
Ballet Britiish Columbia presents Nine Sinatra Songs and Schubert with choreography byTwyla Tharp. October 2- 4, 2008 at the Centre for Performing Arts. Songs sung by Frank Sinatra (Strangers in the Night, All the Way, That’s Life, My Way, One For My Baby (And One More for the Road), Softly As I Leave You, Something Stupid, Forget Domani) Costumes by Oscar de la RentaNine Sinatra Songs
An upbeat ballet that celebrates the joy of pure dance! Gloriously lush and unabashedly romantic, Tharp’s choreography to
these Sinatra anthems is a swirling kaleidoscope of moves. Seven couples, men in tuxedos and women in gorgeous gowns by renowned American fashion designer, Oscar de la Renta, perform ballroom dances beneath a glittering mirror ball (on a similar double edge ofpresent and previous ages.)
STUDENT MATINEE OCTOBER 2 @ 1:15 pm EVENINGS OCTOBER 2, 3, 4 @ 8:00 pm TEA MATINEE OCTOBER 4 @ 2:00 pm . Buy tickets
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Vancouver Market Analysis August 2008
September 5th, 2008 Categories: Real Estate News, Vancouver Real Estate
VANCOUVER WEST STATISTICS for August 2008 are not as gloomy as the media is reporting. Yes, sales are down (but after the last five years this is to be expected, as the market catches its breath), but so are listings down and the average price is flat for condos and up for townhomes and homes. Average days on market is up. Rather than lump Greater Vancouver stats into one package, check the individual municipality.
Aug2008 Aug2007 Jul2008 YTD2008 YTD2007
Units Sold 317 746 437 4088 6004
Median Selling Price
Condos: $425,000 $438,000 $425,000 $443,000 $412,000
Attached: $767,000 $713,000 $725,000 $725,000 $668,000
Det’d: $1,495,500 $1,480,000 $1,328,000 $1,495,000 $1,338,00
Active Listings
Aug2008 Jul2008 Aug2007
Condos: 2659 2767 1314
Detached: 964 996 422
Average Days on Market :
Condos - 50, up from 41 in July, 31 in June.
Houses - 59, up from 51 in July, 41 in June
Townhomes and Duplexes 35, down from 36 in July and 29 in June
Prices Vancouver West detached price increased 1.4% from a year ago, attached increased 2.5% and condos decreased 0.1%
Over the past 5 years, Vancouver West detached prices have increased 98.1%, attached 100.4% and condos 75.4%.
Greater Vancouver
The best appreciation for detached, over the last year, in the Greater Vancouver area is Squamish at 12.7%. The best value is on the Sunshine Coast.
The best appreciation for attached over the last year, in the Greater Vancouver area, is South Delta at 18.4%. Best value is Maple Ridge
The best appreciation for condos over the last year, in the Greater Vancouver area, is Vancouver East at 13.2%. Best value Port Coquitlam.
Reflections - we are selling fewer properties, they are taking longer to sell, the listings are dropping and the prices are flat or up. This is a good buyer’s market.
Time to buy or sell your Vancouver condo? Please fill out my contact form
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Three Global Developments Effecting the Bank of Canada’s Rate
September 4th, 2008 Categories: Real Estate News, Vancouver Real Estate
Bank of Canada keeps overnight rate target at 3 per cent
OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent.
The three global developments highlighted in the July Monetary Policy Report Update continue to have a major influence on the Canadian economy. Two of them - the course of the U.S. economy and the ongoing turbulence in global financial markets - have evolved broadly in line with the Bank’s expectations. However, there is an increased risk of a more pronounced interplay between weakness in the U.S. economy and tightness in credit conditions that could affect the U.S. outlook for 2009.
With respect to the third highlighted development, the sharp increases in commodity prices, the risk identified in July that these prices could be weaker than assumed has materialized. This has been largely due to the impact of slower global growth on the demand for energy. Given tight inventories, commodity prices can be expected to remain volatile. The reduction in commodity prices has been a significant factor in the decline of the Canadian dollar against the U.S. dollar. The weaker global growth and the decline of the Canadian dollar will have opposing effects on the demand for Canadian goods and services. Read the rest of this entry »
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