Vancouver’s Coal Harbour statistics for November show listings flat at 247. Sales down to 9, from 12. Days on market dropped from 54 in October, to 41 in November for sold condos. Average selling price down from $910,291 in October to $848,555. The supply increased from 20 in October to 27 . Highest number of listings, lowest number of sales but the solds are selling in fewer number of days and at the lowest average sales price for the past 6 months. The average list price reduction has levelled. Like October, November saw the least number of sales for the month for the entire millennium. In November 2000 there were 20 sales! (that was the bottom of the real estate market when the average selling price was $305,000 but the high end luxury buildings weren’t built then, except for a few Bayshore Drive buildings – 1717 was completed in 1999 – and Avila and Bauhina). 535 Nicola was selling for $300 pr sq ft for condos not on the front of the building!
The average sale price in Vancouver’s Coal Harbour is down 15% since January.
Listings – 247
Least expensive $285,000 for a studio ($587 pr sq ft). Most expensive $16,800,000 for the Shaw Tower Penthouse ($2248 pr sq ft). The $12,000,000 for the Melville Penthouse ($2100 pr sq ft). The the sub-penthouse at One Harbour Green for $6,999,000 ($2000 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, Nov 247
Sales – 9. One under $400,000. 2 between $400,000 and $500,000. 3 between $500,000 and $1 million and 3 Coal Harbour condos sold between $1M and $1.6M.
2008 Sales - Jan 14, Feb 33, Mar 22, Apr 26 May 16, June 16, July 11, Aug 12, Sept 16, Oct 12, Nov 9
Least expensive was $399,000 for a l bedroom ($598 pr sq ft), it first registered in 1997 for $152,000.
Most expensivewas $1.6M which was on the Bayshore waterfront ($971 pr sq ft for prime Coal Harbour waterfront), which first registered in 1999 (pre-sale?) for $692,000.
Days on Market for Solds – Jan 67, Feb 44, Mar 39, Apr 47, Jun 71, Jul 73, Aug 83, Sept 53, Oct 54, Nov 41
Average Sale Price - 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
Average Selling Price Pr Sq Ft - Nov 742, Oct 835 , Sept 958
List Price to Sale Price Ratio - Nov 92%, Oct 92%, Sept 93%
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