West End real estate analysis saw January listings and sales up, compared to December, leaving the supply stable at less than 3 months. Listings and sales similar to Jan’09. The days on the market for condos that sold dropped from 41 to 28. The average selling price steady at $544,000. The sales under $500,000 up from 51% to 61% and the sales over $1M increased. The list price to sale price ratio is 98% .
Listings – 162. 17 listed under $300,000 (including 1 under $200,000). 32 listed between $300,000 and $400,000. 30 listed between $400,000 and $500,000(up from 14 last month) ,39 listed between $500,000 and $1M. 28 listed between $1M & $2M. 13 listed over $2M (doubled from last month)
Least expensive -$209,00 for a leasehold studio
Most expensive – $5,780,000 for 4500 sq-ft in Shangri-la. View it
Supply 2009(months) - Nov 2.6, Oct 2.6, Sept 2.6. Aug 2.7 months, Jul 2.1, Jun 2.2, May 5.2, Apr 3.2, Mar 4.5, Feb 8, Jan 9.7
Supply 2010 – Jan 2.8
2008 Listings - Jan 168, Feb 172 , Apr 232 , May 241 , June 235, July 235, Aug 246, Sept 257, Oct 268, Nov 281, Dec 242
2009 Listings – Jan 253, Feb 274, Mar 254, Apr 228, May 201, Jun 185, Jul 164, Aug 169, Sept 171, Oct 157, Nov 130, Dec 158
2010 Listings – Jan 162
2008 Sales – Jan 57, Feb 53, Mar 42, Apr 45, May 38, June 29, Jul 25, Aug 25, Sept 29, Oct 16, Nov 15, Dec 21
2009 Sales – Jan 26, Feb 34, Mar 56, Apr 73, May 88, Jun 84, Jul 75, Aug 62, Sept 65, Oct 64, Nov 50, Dec 39
2010 Sales - Jan 56
Sales - 56. One sold under $200,000. 7 sold between $200,000 and $300,000. 18 sold between $300,000 and $400,000. 8 sold between $400,000 and $500,000. 17 between $500K and $1M and 5 sold over $1M (up from 3 last month) . 10% selling over $1M, down from 7% in Nov and from 14% in Sept. In Sept and Oct 75% of sales were under $500,000, now down to 60%.
Least expensive - $195,000 for a 99 year leasehold one bedroom
Most expensive - Beach Avenue 3 bedroom selling at $1,620,000
2008 Average Days on Market – July 51, Aug 57, Sept 65, Oct 45, Nov 48, Dec 53
2009 Average Days on Market – Jan 69, Feb 44, Mar 67, Apr 51, May 49, Jun 49, Jul 43, Aug 29, Sept 39, Oct 47, Nov 30, Dec 41
2010 Average Days on Market - Jan 28
2008 Average Sale Price – Jan $592,298. Aug $392,000 Sept $447,834, Oct $370,468, Nov $375,433, Dec $407,357
2009 Average Sale Price – Jan $447,226, Feb $477,545, Mar $443,480, Apr $521,593, May $482,585, Jun $482,017, Jul $449,000, Aug $497,000, Sept $695,432, Oct $616,500, Nov $568,000, Dec $544,000
2010 Average Sale Price - Jan $544,692
In Nov’08 the average sale price was $376,000, in Nov’07 it was $545,000 in Nov’06 it was $413,000 and in Oct ‘05 it was $367,000.
2008 Average Selling Price $ pr sq ft - Dec $512, Nov $478, Oct $505 Sept $526, Jul $556, Jun $553, May $544,
2009 Average Selling Price $ pr sq ft – Jan $528, Feb $525, Mar $526, Apr $558, May $541, Jun $567, Jul $560, Aug $578, Sept $635, Oct $614, Nov $571, Dec $618
2010 Average Selling Price $psf – Jan $614
2008 List Price to Sale Price Ratio - Dec 93% ,Nov 93% , Oct 95%
2009 List Price to Sale Price Ratio – Jan 94%, Feb 94%, Mar 94%, Apr 96%, May 96%, Jun 97%, Jul 98%, Aug 98%, Sept 98%, Oct 98%, Nov 99%, Dec 98%
2010 List Price to Sale Price Ratio – Jan 98%
When you’re ready to buy or sell West End or Vancouver real estate, contact Maggie, an experienced realtor, marketing Vancouver homes since 1981
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