Vancouver’s Kitsilano Market Analysis May 2008
June 13th, 2008 Categories: Kitsilano, Vancouver Real Estate
Kitsilano’s May condo market saw an increase in the price over April and a slight increase in both listings and sales.
Listings 145 - of those 41 have had list price reduced and 4 have had it increased.
82 listed under $500,000. 59 listed between $500,000 and $1 million and 4 listed over $1 million.
Sales 45. Of those 9 had list price reduced and 2 had list price increased. Read the rest of this entry »
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Downtown Vancouver Market Analysis May 2008
June 12th, 2008 Categories: Downtown, Vancouver Real Estate
Vancouver’s Downtown market in May saw a slight increase in listings over April, a 30% drop in sales but an increase in the average price.
Listings - 669 vs 630 in April and 420 in January.
The least expensive condo listed in Vancouver’s Downtown is a studio for $215,000 and the most expensive is a Penthouse at 499 Drake for $4,990,000 for 4772 sq.ft.
There were 164 price reductions and 15 price increases (dah…price increases? )
377 are listed under $500,000. 251 are listed between $500,000 and $1 million. 33 are listed between $1 and $2 million and 7 over $2 million.
Sales 86. Of those Vancouver Downtown condos that sold in May, 21 had price reductions (25%) and 2 had price increases. Read the rest of this entry »
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Vancouver’s False Creek North Market Analysis May 2008
June 10th, 2008 Categories: Vancouver Real Estate, false creek north
Vancouver’s False Creek North market in May experienced a whopping 70% increase in listings over Jan’08 and a 10% increase over April’08. Sales decreased 20% from Jan’08 and 50% less than April’08. The average price $799,376 (up from $736,098 in April and down from $1,095, 251 in Jan’08. Days on the market 47 (up from 37 in April)
Listings - 202 there were 61 list price reductions and 2 price increases.
15 are listed under $500,000. 115 are listed between $500,000 and $1 million. 52 listed between $1 and $2 million. 13 listed between $2 and 3 million and 3 are listed over $3 million.
The least expensive is $310,000 for a small one bedroom at 888 Pacific and the most expensive is $18,200 for the Penthouse at 1000 Beach which is 6900 sq.ft. Read the rest of this entry »
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Vancouver’s West End Market Analysis May 2008
June 9th, 2008 Categories: Vancouver Real Estate, West End
Vancouver’s West End market in May saw a 16% drop in sales from April, a 4% increase in listings and a 3% decrease in the Average Price. Days on the market is stable.
Listings 241 - up from 232 in April. One third (69) had price reductions and l had a price increase.
60% of Vancouver’s West End listings are under $500,000 (a total of 145). 62 are listed between $500,000 and $1 million and 31 are listed over $1 million, of which 9 are listed over $2 million and two of those are listed over $5 million.
Sales 36 - down from 45 in April. Ten of those Vancouver West End sales had a price reduced (25%). Read the rest of this entry »
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New Listings Outpace Sales for Vancouver’s April Real Estate Market
May 9th, 2008 Categories: Real Estate News, Vancouver Real Estate
The Real Estate Board of Greater Vancouver reports that residential attached, detached and apartment property sales in the Greater Vancouver area totalled 3,218 in April 2008, a decline of 5% from April 2007, and a decline of 3.8% compared to April 2006.
New listings detached, attached and apartment properties in the Greater Vancouver area climbed 25.6% over a year ago, to 7010. Sales continue to be strong, but there is a lot more choice on the market today. This is good news for a market that has been defined by record breaking activity for most of this decade.
Despite this seeming re-balance between sales and listings, it took, on average, 6 fewer days to sell a home in Greater Vancouver compared to the previous year, with a days on market average of 33 in April this year. Read the rest of this entry »
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