Vancouver Luxury Condo Sales Increase in Q3
by Maggie Chandler on October 3, 2009
in Uncategorized
Last week I did an analysis of Vancouver’s luxury condo sales and remarked that Q2 was considerably better than Q1 for number of solds, but the average sale price remained the same.
Q3 sales are better than Q2. A total of 26 (vs 20). Days on market 97 (vs. 105 in Q2). List price to sales price ratio 91% (vs. 90% in Q2) indicating buyers receiving an average of 9% off list price. Average sale price was $1,250 pr sq ft.(equal to Q2). The least expensive was $822 pr sq ft and the most expensive was over $1600 pr sq ft
There were 12 sales over $3M (vs. 3 in Q2). The most expensive was in Coal Harbour’s Shaw Tower which sold over $6.5M for 4000 sq ft on 28th floor at a record for this year of $1,625 pr sq ft. Two of these 12 sales were on Beach Avenue in the West End (selling at $1200 pr sq ft) and all the others were on Cordova Street – Coal Harbour’s waterfront buildings of Harbour Green 1 and 11. and the Shaw Tower. The Harbour Green sales were all suites on the front of these luxury condo buildings, selling between $1300 and $1500 pr sq ft.
Three Harbour Green had a sale at $1490 pr sq ft and is GST applicable.
Beach Avenue’s Eugina condo (the one with the tree on the top), which is one suite per floor sold in a day. 9th floor and sweeping English Bay views and West of Denman. Read my post on Beach Avenue condo buildings.
Currently 78 luxury Vancouver condos for sale over $2 million, of these 30 are listed over $3M and 9 listed over $5M. Most expensive is Shaw Tower’s Penthouse at $13.8M for over 7500 sq.ft. Next most expensive is the Melville Penthouse at $10,800 for over 5000 sq.ft. and new. Only 7 boast over 4500 sq.ft. View my 53rd floor 2 level Shangri-la Estates condo that is one of the seven! It’s breathtaking! Now only 3 Shangri-la Estates for sale as the flippers have flipped!
Residences on Georgia are pre-selling – luxury condo/hotel building – at $1900 pr sq ft. Estimated completion is 2012. GST applicable.
when you’re ready to buy or sell your luxury vancouver condo, contact Maggie , an experienced realtor since 1981. view my marketing plan
subscribe via RSS or email and keep up to date with vancouver’s changing market.
Tagged as:
luxury condos,
real estate,
vancouver shangri-la
Post by
WELCOME! And thanks for checking out my site, and wanting to know a little bit about me.
I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello!
The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver.
I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums.
I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion.
Providing trustworthy real estate services in the Vancouver area for over 30 years
has written 2063 articles.
You must log in to post a comment.