Vancouver’s Downtown Market Analysis April 2008
May 18th, 2008 Categories: Downtown, Vancouver Real Estate
Vancouver’s Downtown neighbourhood
Listings 630 - 350 listed under $500,000 and 235 listed between $500,000 and $1 million. 44 listed over $1 million and 1 listed over 4 million
135 with price reductions are 15 with price increases
Sales 114 19 had price reductions. 85 sold under $500,000. 27 sold between $500,000 and $1M and 2 sold over $1 million. The least expensive was $282,000. The most expensive was $1,400,000.
Expired (those that did not sell) - 35. This is a new category that I’ve added, as the listings increase the numbers in this category will grow. It will reflect the sellers who are not motivated and do not price their suites at current market value. Read the rest of this entry »
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Vancouver’s Kitsilano Market Analysis April 2008
May 15th, 2008 Categories: Kitsilano, Vancouver Real Estate
Listings 130 - 28 had price reductions and 2 had price increases. 75 listed under $500,000 and 52 listed between $500,000 and a million and 3 listed over $1 million. The least expensive $245,000 and the most expensive $3,200,000
Sales 42 - 6 had list price reductions and 1 had a list price increase. 28 sold under $500,000. 13 sold between $500,000 and $1 million and 1 sold over a million.
Days on the Market 28. Average price $484,815 . 3 months supply. Average $ pr sq ft $617. Average selling price to list price ratio: 99%
2008 SALES - Jan 26 , Feb 44 , Mar 20 , Apr 42
Reflections - under 3 months supply in the condos under $500,000. Just over 4 months supply in the $500,000 to million dollar range and 3 months supply over a million dollars. Kits remains a tight market under $1 million dollars and the most undersupplied of the vancouver west side condo markets. Listings and sales are up.
HAPPENINGS - preselling: Lumen, Mantra, Camera, Pulse, Pure, Kore, Locarno
Recently completed: Black Swan (suites still available)
View last month’s stats for Kits
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Vancouver’s West End Renters Given Eviction Notice
May 12th, 2008 Categories: Vancouver Real Estate, West End
Hollyburn Group who own about 20 West End rental buildings gave eviction notices to the tenants of the Glenmore building at the corner of Gilford & Barclay.
82% of all the suites in Vancouver’s West End are rental and because the buildings were built in the 1960s and 1970s the rents are lower and attract a lower to middle income tenant. The vacancy rate in the neighbourhood is now 0.2%, in line with the downtown peninsula and not expected to change in the near future. Read the rest of this entry »
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Coal Harbour Vancouver Condominium Map
May 2nd, 2008 Categories: Coal Harbour, Vancouver Real Estate
Above is a map of all the condominium buildings in Coal Harbour, Vancouver.
This luxury Vancouver waterfront neighbourhood is only ten years old.
The furtherest west are the Bayshore buildings on Bayshore Drive , which is closest to Stanley Park. The furthest east is Shaw Tower on West Cordova and Burrard Street.
The Ritz-Carlton is now pre-selling. The Shangri-la is due for completion this Fall. The Residences on Georgia are almost sold out. The Fairmont Estates are out of the ground. Flatiron is due for completion this Fall. Sapphire and The Ritz are due for completion in 2009.
Buying or Selling a Coal Harbour condo, please fill out my Contact Form or search for a Coal Harbour condo.
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Discovering Vancouver
April 24th, 2008 Categories: Discovering Vancouver, Kitsilano, Vancouver Real Estate
One of my favourite neighbourhoods in Kitsilano is Arbutus Walk.
Do you remember the Carlings O’Keefe Brewery industrial lands that used to be here, prior to 1996? That’s when the transformation to residential began. The hood is now built out and contains more than 1000 condos and townhomies, in over 12 buildings. There was quite an outcry from the hood in the initial planning stages as the City wanted to build midrise condos. Read the rest of this entry »
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Vancouver’s West End Market Analysis March 2008
April 14th, 2008 Categories: Vancouver Real Estate, West End
Reflections
Listings up, prices up, sales down, days on the market have increased.
Listings 205 (up from 172 in Feb) Least expensive 2 bedroom $379,000.
125 listed under $500,000. 48 listed between $500K and $1M. 28 listed between $1M and $3 and 3 over $5M. 54 have had a list price reduction. (a whopping 25%) Read the rest of this entry »
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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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