Maggie Chandler
chandler realty ltd.
1648 w. 6th ave.,
vancouver, bc v6j 1r3
Cell: 604-328-0077
maggiechandler@telus.net

Vancouver Property Graphs July 2008

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Vancouver Kitsilano’s Market Analysis July 2008

Vancouver’s Kitsilano condo neighbourhood saw sales for the month of July increase to 38 from 35 in June and listings at 159 versus 157 in June. Average $ pr sq ft and average price for sold condos were both up. Days on the market 43, up from June. Market bottoming?

Listings - 159. 46 of those Kitsilano listings had list price reductions (vs. 57 in June). 99 are listed under $500,000 and 52 listed between $500,000 and $1 million. 6 are listed between $1 and 2 million and 1 listed over $2 million.

Sales - 38. 14 Kitsilano condos had list price reductions (vs. 13 in June). 26 sold under $500,000 and 12 sold between $500,000 and $1 million. There is a 3.8 month supply of Kitsilano condos under $500K and a 4.3 month supply for condos between $500K and $1 million. No market for Kitsilano condos over $1 million for the month of July 2008.

2008 SALES - Jan 26, Feb 44 , Mar 20, Apr 42, May 45, June 35, July 38 Read the rest of this entry »

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Vancouver’s Coal Harbour Market Analysis July 2008

Vancouver’s Coal Harbour statistics for July show listings up from 192 in June.  Sales down. Days on market flat and average price up substantially.

Listings 220 - 42 under $500,000. 75 listed between $500,00 and $1 million. 67 listed between $1 and $2 million. 13 listed between $2 and $3 million. 10 listed between $3 and $4 million. 3 between $4 and $5 million and 10 listed over $5 million. The most expensive is the Shaw Tower Penthouse at $16,800,000 for 7473 sq.ft. Contact me if you wish to sell your Coal Harbour condo.

2008 Listings  - Jan 128,Feb 149, Mar 179, Apr 176, May 175, June 192, July 220

Solds 11. 3 sold under $500,000. 1 sold between $500,000 and $1 million.  5 between $1 and $2 million. 1 sold between $2 and 3 million and 1 over $4 million. Contact me if you’re buying in Coal Harbour.

14 month supply for Coal Harbour condos listed under $500K.  A 6 year supply for condos between $500K and $1 million. 13 months supply for condos listed between $1 and 3 million and a 2 year supply for condos listed over $3 million.

2008 Solds  - Jan 14, Feb 33, Mar 22, Apr 26  May 16, June 16, July 11 Read the rest of this entry »

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Vancouver Market Analysis July 2008

The REBGV reports that Greater Vancouver prices have drawn back, the last two months, from the record highs experienced in early 2008.

Since May 2008 housing prices have declined. Detached properties in the GVA declined 2.1% since the end of May 2008 from $568,411 to $556,605 in July.

We’re seeing more price reductions in properties listed on the market, which is having a levelling impact on the housing price increases experienced at the end of last year and into the first quarter of 2008.

Residential property sales in GVA declined 43.9% in July to 2,174 from the 3,873 sales recorded a year prior. The decline is equal to June 2008 versus June 2007. Read the rest of this entry »

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Solds Graph for Vancouver’s Condo Neighbourhoods

Sales Chart Jan-June

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You can find great local Vancouver, British Columbia real estate information on Localism.com. Maggie Chandler is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

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