Coal Harbour real estate analysis for July saw listings drop for the first month this year, since peaking in April and now at the same level as Fall’08. Sales nearly tripled from June which was the worst month of the year so far. 60% of sales were under $1M,vs 55% in Jun, vs 66% in May , 70% in April, 60% in Mar & 80% in January. No sales over $1.6M, clearly the luxury market is not doing well, with 97 listings over $1.6M and no sales for that group. Days on market dropped to 65. Sale price to list price ratio up to 96%. Currently 32 listings at Fairmont Estates and 5 sales this year, with prices from $788,000 for 730sf to $8M for a sub-penthouse. Clearly a good buyers’ market.
Listings -247 - 42% listed under $1M, 27% listed between $1 and $2M and 31% listed over $2M.
Llisted over $1M – June 46% vs 52% in Apr, vs. 55% in Mar, 50% in Feb,40% in Jan and 33% in Dec.
Most expensive- The Melville Penthouse at $10,800 for 5700 sq.ft. Over 3300 sq.ft. condo at One Harbour Green for $6,250,000. Three Harbour Green is now pre-selling around $2000 psf on the front of the building and is Coal Harbour’s last waterfront condo building.
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
2010 Listings - Jan 136, Feb 162, Mar 219, Apr 256, May 261, Jun 263, Jul 247
Sales - 24. 8 sold under $500,000. 6 sold between $500,000 & $1M . 10 between $1M & $1.6M (April 5, march 10, 7 in feb and 4 in Jan) Least expensive $302,000 for a studio
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
2010 Sales - Jan 17, Feb 19, Mar 25, Apr 27, May 15, Jun 7, Jul 24
Supply 2009- (months) Feb 19, Mar 11, Apr 5, May5.5, June 5.1, Jul 4, Aug 3.4, Sept 5, Oct 4.6, Nov 4, Dec 4.6
Supply 2010(months) – Jan 8, Feb 8, Mar 8.7, Apr 9.4, May 17.4, Jun 37, Jul 10
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
Days on Market for Solds 2010 - Jan 43, Feb 29, Mar 39, Apr 47, May 35, Jun 101, Jul 65
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
2010 Average Sale Price - Jan $826,000, Feb $1,258,000, Mar $1,067,950, Apr $1,014,358, May 851,500, Jun $1,501,000, Jul $839,750
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
2010 Average Selling Price Pr Sq Ft - Jan $762, Feb $979, Mar $913, Apr $855, May $794, Jun $1,012, Jul $835
2008 Sale Price to List Price Ratio - Dec 95% , Nov 92%, Oct 92%, Sept 93%
2009 Sale Price to List 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%
2010 Sale Price to List Price Ratio – Jan 98%, Feb 97%, Mar 96%, Apr 96%, May 98%, Jun 94%, Jul 96%
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above from REBGV’s data and believed to be correct but should not be relied upon without verification
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