Yaletown condo prices moved up in May 2012, bucking the trend. Average sale price in Yaletown for May jumped to $754,750 from $661,193 in April and is equal to Oct’09 prices but has been rollercoastering! Prices peaked at $978,044 in Jan’11. Prices are up 8.3% year over year. Total Yaletown listings sit at 63, still climbing and 17% higher than a year ago. Sales in Yaletown increased to 75, equal to a year ago and on par with Apr’09. It’s taken an average of 42 days to sell a Yaletown property in may, same as a year ago. The average $psf is down to 723, on par with a year ago. The market has taken a hit and is now rollercoastering.
How Have Yaletown Condos Performed vs. Yaletown Townhomes?
Over the last year, Yaletown townhomes average sale price dropped 20% but condos are up 11%. Townhomes peaked in Mar’10 and condos peaked in Jan’11.
Where’s the Best Value for Yaletown Properties?
Yaletown condos over $899,000 ar ethe best performer, up 8% over the last year. Yaletown condos between $599,000 and $899,000 present the best buying opportunity at 8.2% less than a year ago.
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WELCOME! And thanks for checking out my site, and wanting to know a little bit about me.
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.
Providing trustworthy real estate services in the Vancouver area for over 30 years
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