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Vancouver Real Estate Update for the West End
by Maggie Chandler on May 16, 2011
in West End
Vancouver's West End
Dreaming about buying your West End Vancouver condo? The time is right!
This waterfront neighbourhood bucked the trend and had an uptick in sales in April.
The largest number of condos selling were under $500,000.
The Housing Price Index shows an increase of 4.7% over the last year.
April inventory is 3.8 months – down slightly from March. If you’d bought a condo in the West End 10 years ago, you’d have made 184% . Not bad eh?
The Stats
- Listings up from 215 to 228
- Sales up 54 to 59
- Average days on market up from 23 to 29
- Sellers on average moved 3% from their List Price
- an average of $616 psf
- The average sale price was $479,964
Busiest price range?
- 39 sold under $500,000
- 17 between $500,000 and $1M
- 3 sold over $1M – this price range slowed down from february
What’s the 90 day trend?
What’s the 12 month trend?
- Prices are flat compared to a year ago, listings and sales both lower.
What’s the West End’s 10 year price trend?
+7.2% over the last 3 years. +40.3% over last 5 years and 184.5% over last 10 years
View my Vancouver West End stats since 2008
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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.
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