Vancouver’s Coal Harbour Market Analysis for May 2008
June 6th, 2008 Categories: Coal Harbour, Vancouver Real Estate
Vancouver’s Coal Harbour Market Statistics for May 2008 show a slight decline in sales from April 2008 and from May 2007 . An increase in listings from May 2007 but no increase from April 2008. The supply is up, now 11 months and the Days on Market has increased slightly. The average price is up.
Listings 175 - there are 35 under $500,000 with a 7 month supply, 54 between $500,000 and $1 million with a 13 month supply. 53 from $1 to $2 million with a 9 month supply. 13 between $2 and 3 million with a 13 month supply. 8 between $3 and 4 million, 4 between $4 and 5 million and 8 over $5 million. There were no sales over $2,2 million, so apparently no market at present for condos listed over that price. 58 listings had a pirce reduction and 1 had a price increase.
The lease expensive is 290 sq.ft. studio at 1128 W. Hastings for $228,000. The Shaw Tower Penthouse remains the most expensive, with a price reduction to $16,800,000. Contact me if you wish to sell your Coal Harbour condo. Read the rest of this entry »
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Vancouver Market Analysis for May 2008
June 5th, 2008 Categories: Real Estate News, Vancouver Real Estate
The RBGV reports that residential attached, detached and apartment property sales in the Greater Vancouver area totalled 3,002 in May 2008, a decline of 30.7% from May 2007, and and down from 3,200 in April 2008
New listings for detached, attached and apartment properties climbed 20% over a year ago, to 7390, and up from 7010 in April. Sales continue to be strong, but there is a lot more choice on the market today. Prices are not increasing as rapidly, now down to single digits overall, which is good news from an affordability standpoint and market stability. We are now back to a normal market where sellers have more competition and buyers have a good selection. Read the rest of this entry »
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Vancouver’s Gastown Heritage Program On Hold
May 27th, 2008 Categories: Downtown, Vancouver Real Estate
City Hall has placed Vancouver’s Gastown heritage revitalization program on hold.
I did a post on this recently and thought I’d follow it up with City Hall’s explanation. So here it is.
Here is an excerpt from Vancouver’s City Hall report recommending freezing the program:
An oversupply of banked density could affect the value of the density leading to even larger bonuses, and could potentially undermine the viability of the bank as a heritage incentive. This would affect both current as well as future heritage projects.
Therefore, it is prudent to pause and review the bank’s capacity, the density bonusing formula, and other possible heritage incentives to mitigate the current size of bonuses being generated by heritage projects to ensure the bank remains a viable heritage revitalization tool. Read the rest of this entry »
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Downtown Vancouver’s Latest Pre-Sale Condo Project
May 22nd, 2008 Categories: Downtown, New Developments, Vancouver Real Estate
Vancouver’s Downtown has a new pre-sale on Richards
I drove by a couple of days ago and the sign is up! 1000 block Richards, where the Richards on Richards nightclub was for decades and the infamous Madam Cleo’s massage parlour is going to be a condo project with suites priced from $399,000. Does that transalate to one bedrooms 500 sq.ft., if the cost is $800 pr sq ft or higher? Fill out my contact form if you’re interested in purchasing.
The Aqualini Group own the land. Remember my recent post on this site? Some of us thought they should call the new building Cleo’s! What do you think they should call it? Roqandroll ….
There aren’t many site left for the deveopers Downtown Vancouver. What would you like to see built here? What suite size? What special amenities could the building have? Pre-viewing will commence in June. No doubt completion will be after 2010.
Did you know you can search for Downtown condos on this site?
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Vancouver Property Graphs April 2008
May 8th, 2008 Categories: Real Estate News, Vancouver Real Estate
Vancouver detached, attached and condo graphs for April 2008.
Listings up, sales down, prices levelling.
Did you know you can search for listings on this site? Buying or Selling a Vancouver property? Fill out my Contact Form.
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Vancouver Property Graphs March 2008
April 11th, 2008 Categories: Real Estate News, Vancouver Real Estate
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Coal Harbour Stats March 2008
April 11th, 2008 Categories: Coal Harbour, Vancouver Real Estate
179 LISTINGS (up from 128 in January, 148 in March)
The least expensive l bedrooms is $333,000 at 555 Jervis for 484 sqft
The least expensive 2 bedroom is at 1239 W. Georgia 816sq.ft. listed at $569,000.
The most expensive listing is at the Shaw Tower $19,800,000 for 7500 sq.ft.
92 listed under $1 million, 61 listed between $1M and $2M and 4 over $5M
40 have had a List Price reduction, 3 a Price Increase Read the rest of this entry »
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