Vancouver Real Estate Analysis for False Creek North October 2008
November 17th, 2008 Categories: False Creek North, Vancouver Housing Market, Vancouver Real Estate
Vancouver real estate analysis for False Creek North saw listings flat in October and sales down. Days on the market increased from 40 in September to 62 and the average selling price increased to $864,980 from $631,944 in September. The average supply of condos in this waterfront hood increased from 16 months to 25 months. Best selling price range is between $700,000 and $1,000,000. No sales over $1.7M. By far the worst October in the history of this waterfront neighbourhood.
Listings - 250 (down from 257 in September)
13 listings under $400,000. 27 between $400,000 and $500,000. 94 listed between $700K and $1M. 51 listings between $1 and $2 million. 20 listings over $2 million.
Least expensive$318,000 for 529 sqft l bedroom. Most expensive is the Penthouse at 1000 Beach, now down to $14,800,000
2008 Listings - Feb 153, Mar 174, May 202, Jun 210, Jul 237, Aug 256, Sept 257, Oct 250
Sales - 10, down from 16 in September. Two sales sold under $400,000. One sold between $400,000 and $500,000. Five sold between $700K and $1M and two sold between $1.4M and $1.7M.
2008 Sales - Jan 24, Feb 39 , Mar 44 , Apr 40 , May 18, June 18, July 9, Aug 14, Sept 16, Oct 10
Record of sales for False Creek North during October - 2000 (14), 2001 (21) 2002 (23) 2003 (28) 2004(34) 2005 (41) 2006 (48) 2007 (44)Expired Listings - 38. Sept 35Supply - 6 months of supply for False Creek North condos under $400,000. 27 months supply for condos between $400,000 and $500,000. 18 months supply between $700K and $1M. 25 months supply between $1 and $2 million and no market in October for condos over $2 million.Average Price Jan $1,095,251, Feb $919,278, Apr $735,096, May $799,376, Aug $799,000, Sept $631,944, Oct $864,980Average Days on Market - May 47, Jun 59, Jul 51, Aug 56, Sept 40, Oct 62
List Price to Sales Price Ratio 93% . Sept 96%. This means the spread between list price and sale price is increasing.
Average Sale Price $ pr sq ft - $736. Sept $672
Reflections - clearly the market all but closed down and if you are a
when you’re ready to buy or sell Vancouver real estate or False Creek North, contact Maggie Chandler, an experienced realtor marketing Vancouver real estate since 1981
this site is updated regularly, subscribe for FREE via RSS or email
| Discussion: No Comments »
Vancouver Elects a New Mayor
November 16th, 2008 Categories: Real Estate News, Vancouver Real Estate
Vancouver elects an ex NDP MLA, Gregor Robertson as its new Mayor, in a very controversial race against incumbent City Councillor Peter Ladner.. The turnout was low. The left of centre parties joined forces a month ago and took all but one seat in Vancouver City Hall.
Robertson promises to make Vancouver “the world’s greenest city” and to convert one of the Burrard Street lanes for cyclists. In an economic downturn Where will be find the funds?
Robertson is the founder and ex-joint owner of Happy Planet juices. He left the company to run for MLA in Fairview. Read the Province’s review.
this site is updated regularly, subscribe via RSS or email
| Discussion: No Comments »
Vancouver Real Estate Analysis for Coal Harbour October 2008
November 15th, 2008 Categories: Coal Harbour, Vancouver Housing Market, Vancouver Real Estate
Vancouver’s Coal Harbour statistics for October show listings flat at 246, from245 in Sept. Sales down to 12, from 16 in September. Days on market flat at 53 and average selling price down from $1,513,062 to $910,291. 66% selling under $750,000. The supply increased from 15 months in September to 20 months in October. The price range under $300K and between $700K and $750K is the least supplied. This October saw the least number of sales for the month of October for the last 9 years.
Listings - 246. Four listed under $300,000. 24 listed between $300,000 and $400,000. 23 listed between $400,000 and $500,000. 25 listed between $600,000 and $700,000. 10 listed between $700,000 and $750,000. 31 listings between $1.2M and $1.7M and 29 listings over $2.4M
Most expensive $16,800,000 in Shaw Tower for 7450 sq.ft. ($2255 pr sq ft)
2008 Listings -Jan 128,Feb 149, Mar 179, Apr 176, May 175, June 192, July 220, Aug 212, Sept 245, Oct 246
Sales - 12. One under $300,000. One between $300,000 and $400,000. 3 sold between $400,000 and $500,000. One between $600K and $700K and 2 between $700K and $750K. 3 sold between $1,200,000 and $1,700,000 and one sold over $2,400,000 Read the rest of this entry »
| Discussion: No Comments »
Vancouver Housing Market Roundup
November 14th, 2008 Categories: Vancouver Housing Market, Vancouver Real Estate
Jamieson House halts construction
Building permits pick up pace in September
Canadian Home Builders Association says Metro Vancouver real estate market will bounce back
BC job losses now the highest since December 2006, now at 5.1%
CMHC predicts 11% drop in BC home sales for 2009
Vancouver guarantees $100 million for the Olympic Village
BCREA reports BC residential sales back to December 2000 levels
| Discussion: 1 Comment »
Vancouver Housing Market Analysis - Kitsilano October 2008
November 14th, 2008 Categories: Kitsilano, Vancouver Housing Market, Vancouver Real Estate
Vancouver real estate market analysis for Kitsilano condos saw sales for the month of October down to 15 from 24 in September. Listings flat at 187, versus 184 for September. Average price for sold condos increased from $408,,159.to $427,850. Average Days on the market increased from 32 to 36. October saw a bottom end market with the majority of sales under $500,000 in this hood. Kits condo supply up from seven and a half months to 12 months. The price range between $500,000 and $600,000 and over $700,000 is has the most inventory. Kitsilano prices are off 12% since January.
Listings 187 - 8 listed under $300,000. 58 listed between $300,000 and $400,000. 58 listed between $400,000 and $500,000. 28 listed between $500,000 and $600,000. 21 listed between $600,000 and $700,000. 14 listed over $700,000.
Listings Oct 187Sept 184, Aug 166, July 159, Jun 157, May 145, Apr 130
Sales - 15. Five sold between $300,000 and $400,000. 7 sold between $400,000 and $500,000. One sold between $500,000 and $600,000 and two between $600,000 and $700,000. Read the rest of this entry »
| Discussion: 1 Comment »
Vanouver Real Estate West End Analysis October 2008
November 13th, 2008 Categories: Vancouver Housing Market, Vancouver Real Estate, West End
Vancouver real estate in the West End saw October listings up a tad from 257 in September to 268. Sales were down from 29 in September to 16. The days on the market for condos that sold dropped 65 to 45. The average selling price dropped from $447,834. to $370,468, the lowest for the year and a 35% drop since January. Half the sales were under $300,000 and 90% of the sales were under $400,000. The West End has over 16 months of supply.
Listings - 268
43 listed under $300,000. 84 listed between $300K and $400K. 49 listed between $400 and $500K. 39 listed between $500 and $700,000 and 53 listed over $700,000.
2008 Listings - Jan 168, Feb 172 , Apr 232 , May 241 , June 235, July 235, Aug 246, Sept 257, Oct 268
Sales - 16. Five sold under $300,000. 8 sold between $300,000 and $400,000. No sales between $400K and $500K. 2 sold between $500K and $700K and one over $700,000. Read the rest of this entry »
| Discussion: No Comments »
Wordless Wednesdays
November 12th, 2008 Categories: Vancouver Real Estate, Wordless Wednesdays
| Discussion: No Comments »
Lest We Forget
November 8th, 2008 Categories: Vancouver Events, Vancouver Real Estate
Remembrance Day is November 11th. The 11th hour of the 11th day of the 11th month marks the signing of the Armistice to end WW1 in 1918. This year is the 90th anniversary of the end of WW1 and the 60th anniversary of the Universal Declaration of Human Rights.
The City of Vancouver’s Remembrance Day ceremonies will be held on:
Tuesday, November 11th at 10:30 a.m.
Cenotaph at Victory Square
(West Hastings Street, between Cambie and Hamilton)
These ceremonies, which include a wreath-laying to honour those who gave their lives. Read the rest of this entry »
| Discussion: 1 Comment »
Vancouver Housing Market Analysis for October 2008
November 6th, 2008 Categories: Vancouver Housing Market, Vancouver Real Estate
The REBGV reports that Greater Vancouver housing price reductions across Greater Vancouver over the last six months have eliminated price gains witnessed in the first quarter of 2008. October was the slowest month of the year for sales. Active listings were down and the median price is down from September 2008 . Active listings 1% higher in October, over a year ago. Average price for October versus September 2008 went UP (+04%).
Residential benchmark prices, as calculated by the MLSLink Housing Price Index, declined 8.8% between May and October 2008, resulting in a 3.9% year to date price reduction for detached, attached and apartment properties in Greater Vancouver between October 2007 and 2008. In May 2008 the overall residential benchmark price was $568,411, compared to $518,668 in October 2008.
”Home sales are not keeping pace with the positive economic conditions in BC”, said REBGV president Dave Watt.” That’s a direct result of a loss of consumer confidence in the overall market. Accordingly, today’s housing market is characterized by moderating home prices and wide selection. It’s definitely a buyer’s market.
Residential property sales in Greater Vancouver declined 55% in October’08 to 1,364 from 3,028 sales recorded in October’07. Read the rest of this entry »
| Discussion: 10 Comments »
Wordless Wednesdays
November 5th, 2008 Categories: Vancouver Real Estate, Wordless Wednesdays
| Discussion: No Comments »
