Vancouver’s Shangri-la condo building has two sections, the Estates at Shangri-la which is the 46th to 61st floor and the live/work suits at 1111 Alberni which run to the 46th floor
The Estates at Vancouver Shangri-la condo building now has an equal number of listings to November last year and a total of 8 sales for the year, vs 12 for 2009. The live/work condo sales this year are on par with 2009. Altogether a steady market for this luxury condo building which opened in November 2008. March was the busies for sales in both sections of the building and the market has slowed in June.
Currently there are 10 suites for sale in the Estates at Shangri-la, from $2.8M and 8 sales in 2010 including my lisitng on 53rd floor, which is a unique (one of only 3) double height 3 bedroom 4500 sqft, listed at $5,780,000 and the second most expensive resale to date.
At the beginning of 2009, the Estates at Shangri-la were selling as low as $900 psf. The developer sold them in 2004/05 as low at $750psf. plus taxes.
Listings – Nov’09 – 3. Mar’10 – 13, June 10
Ranging from $2.880,000 to $4,180,000, starting at 2400sf.
2009 Solds – 12
2010 Solds - Jan 0, Feb 0, Mar 3, Apr 2, May 2, Jun 1
Sale price to list price ratio - Mar 91% , Apr 91% ,May 88%, Jun 93%
Average Days of Market -Mar 105, Apr 14 ,May 27, June 43
Sale Price $ psf – Mar $1,175, Apr $1,202, Jun $1,246
The Live/Work condos at 1111 Alberni
Listings – Mar 13, Apr 22, June 19
Sales 2009 – 43. Least expensive $595,000 for a l bedroom and Most Expensive was #3806 selling at $1,670,000 for 1552sf
Sales 2010 – Jan 4, Feb 1, March 6, Apr 3, May 4, June 2
Average Days on Market - Mar 65, Apr 42, May 43, June 71
Average Sale Price - Mar $1,036,000 Apr $1,589,000, May $1,267,000, June $ 735,000
Sale Price to List Price Ratio – Mar 95%, Apr 97%, May 97%, June 97%
Average $ psf - , Mar $946, Apr $979, May $1,015, June $808
View my other posts on Shangri-la
When you’re ready to buy or sell a shangri-la condo, contact Maggie, marketing vancouver condos since 1981 and top 3% of greater vancouver realtors in 2009 MLS Medallion Club
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