Vancouver real estate analysis for Coal Harbour in December saw sales and listings decrease, compared to November and no sales over $2M (vs 5 in November). August was the best month for sales in Coal Harbour this year and sales are at their lowest since March’09. Listings are at their lowest for the last 24 months. Days on market flat at 61 and the lowest for the year. Coal Harbour inventory remains stable, under 5 months. Both the average sale price and average $psf dropped in December, reflecting more bottom end sales. List price to sale price ratio stable at 96%. As Fairmont Estates close in January we expect to see the inventory increase. New condos on Coal Harbour’s waterfront now listed over $2000 psf, resales now at $1600 psf. Fairmont and Three Harbour Green are the last remaining new waterfront buildings.
Listings -99. 26 listed under $500,000. 31 listed between $500,000 and $1M. 18 listed between $1M and $2M and 21 listed over $2M, including 5 over $5M (same as November but down from 9 in October) and 20 expired, up from 4 in November. If sellers can’t sell in this market they either have the wrong agent for their property or their expectations exceed the current high market prices.
33% are listed over $1M, same as last month
Least expensive $299,000 for a studio 420 sf. Least expensive 2 bedroom $585,000 for 800 sf.
Most expensive- The Melville Penthouse at $10,800 for 5700 sq.ft. Over 2500 sq.ft. condo at One Harbour Green for $6,830,000, includes 3700 sqft of outdoor space ($2800 pr sq ft). Three Harbour Green is now pre-selling around $2000 psf on the front of the building and Fairmont Pacific Rim Estates (Hotel/Condo) scheduled to open this month. NW corner 2440 sf $5,850,000
2008 Listings -Jan 128,Feb 149, Mar 179, Apr 176, May 175, June 192, July 220, Aug 212, Sept 245, Oct 246, Nov 247, Dec 201
2009 Listings – Jan 220, Feb 202, Mar 191, Apr 172, May 172, Jun 158, Jul 146, Aug 130, Sept 124, Oct 139, Nov 111, Dec 99
Sales - 19. 7 sold under $500,000 . 8 sold between $500,000 & $1M . 4 between $1 & $2M. Most expensive $1,939,000 for 1430 sf at Waterfront Place. Lease expensive $300,000 for a studio at the Qube.
2008 Sales - Jan 14, Feb 33, Mar 22, Apr 26 May 16, June 16, July 11, Aug 12, Sept 16, Oct 12, Nov 9, Dec 6
2009 Sales – Jan 8, Feb 11, Mar 17, Apr 33, May 31, June 35, July 35, Aug 38, Sept 25, Oct 30, Nov 27, Dec 19
Least expensive -$269,000 for a studio. Most expensive -$5.3 for a front suite 2600 sq.ft. at Harbour Green Two
Supply – (months) Feb 19, Mar 11, Apr 5, May 5.5, June 5.1, Jul 4, Aug 3.4, Sept 5, Oct 4.6, Nov 4, Dec 4.6
Days on Market for Solds 2008- Jan 67, Feb 44, Mar 39, Apr 47, Jun 71, Jul 73, Aug 83, Sept 53, Oct 54, Nov 41, Dec 75
Days on Market for Solds 2009 – Jan 70, Feb 47, Mar 75, Apr 86, May 78, June 57, Jul 80, Aug 67, Sept 62, Oct 68, Nov 61, Dec 61
2008 Average Sale Price - Dec $983,000, Nov $848,555 $Oct $910,291, Sept $1,513,062, Aug $1,569,772 , July 1,379,091, Jun 803,091, Apr $770,430, Mar 807,340, Feb $974,329, Jan $966,806
2009 Average Sale Price – Jan $785,687, Feb $1,013,590, Mar $708,000, Apr $807,748, May $858,700, June $931,725, Jul $1,540,000, Aug $895,000, Sept $1,129,000, Oct $1,191,800, Nov $1,240,000, Dec $783,000
2008Average Selling Price Pr Sq Ft - Dec 860 , Nov 742, Oct 835 , Sept 958
2009 Average Selling Price Pr Sq Ft – Jan $708, Feb $773, Mar $676, Apr $576, May $761, Jun $757, Jul $919, Aug $787, Sept $858, Oct $848, Nov $887, Dec $782
2008List Price to Sale Price Ratio - Dec 95% , Nov 92%, Oct 92%, Sept 93%
2009 List Price to Sale Price Ratio- Jan 91%, Feb 92%, Mar 91%, Apr 95%, May 95%, Jun 96%, Jul 94%, aug 97%, sept 96%, Oct 95%, Nov 96%, Dec 96%
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when you’re ready to buy or sell Coal Harbour or Vancouver real estate, contact Maggie, an experienced realtor marketing Vancouver homes since 1981 #mbl_widget_grabme a { color: blue; text-decoration: underline; font: normal normal normal 12px arial; background-color: transparent; } #mbl_widget_grabme a:hover { color: blue; text-decoration: underline; font: normal normal normal 12px arial; background-color: transparent; } #mbl_widget_grabme a:visited { color: blue; text-decoration: underline; font: normal normal normal 12px arial; background-color: transparent; } #mbl_widget_grabme a:active { color: blue; text-decoration: underline; font: normal normal normal 12px arial; background-color: transparent; }
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