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Month: March 2010

by Maggie Chandler Maggie Chandler No Comments

Vancouver Penthouse Real Estate Analysis

The MLS shows 116 listings (up from January) over $500,000 identified as Penthouses – a special apartment on the top floor of a building.  Some condos are marketed as Penthouses if they are one of a few suites on the top floor. February’s supply of Vancouver Penthouses was 9.6 months, with the listings under $1M selling the best and only 2 sales over $2M. Sales flat.

There are 7 one bedrooms, 68 two bedrooms, 22 three bedrooms from $799,000, 3 four bedrooms from $2.2M, one 5 bedroom Penthouse listed at $10.8M with 5700sf and one 6 bedroom Penthouse listed at $4.5M with 4300sf. Read more

by Maggie Chandler Maggie Chandler No Comments

Canada Real Estate Roundup

All Canadian Provinces show higher prices than a year ago.

The average Canadian real estate price in February 2010 saw the cities of  Vancouver, Victoria, Calgary, Edmonton, Winnipeg, Toronto, Ottawa, Montreal all  higher than a year ago.  Only St. John (N.B.) was lower. The national average was higher than a year ago.

The following is a release by CREA, you can hold your mouse over a specific city or province and view the current average price and the average price one year ago.  Read the latest summary. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Luxury Real Estate Sales

I’ve been too busy to blog! Thanks for your patience.

Vancouver’s luxury real estate market in February was slower than January. Listings up and sales down but more sales over $5M. Currently 75 of the luxury real estate listings over $3M are condos, the remainder houses.  The highest sale price was over $10M for a house over 11,000sf and a lot over 33,000sf.  in Point Grey.

The most expensive condo was the first resale in Coal Harbour’s Fairmont, over $5M.

Properties  sold over $3 million – Jan 17, Feb 14

Properties sold over $5 million – Jan 2, Feb 3

Properties sold over $10 million – Jan 0, Feb 1

Average Days on Market for Solds – Jan 59, Feb 72

List Price to Sales Price Ratio –    Jan 94%, Feb 92%

Supply (months) – Jan9, Feb 14

Current listings over $3M –  Jan 155, Feb 195  Most expensive is a Shaughnessy mansion listed at $22 million. Most expensive condo is 1000 beach Penthouse $12,980,000 and the Penthouse in the Grace.  7 homes listed over $15M.

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by Maggie Chandler Maggie Chandler No Comments

Vancouver Downtown Real Estate Analysis

 Vancouver’s Downtown real estate analysis in Febuary saw listings down slightly and similar to a year ago.. As expected sales dropped (due to the Olympics) by 55% but was similar to a year ago.  The market under $500,000 selling the best.  Average days on the market steady at 35, and average $psf down slightly to $606. Sale price to list price ratio steady at 98%.  Now over 6 months supply, which doubled from January due to the drop in sales. We shall see what March brings.

Listings -510.  Least expensive $259,000 for a small studio.  Most expensive  is The Penthouse at Grace, $12,650 for nearly 5000 sf Read more

by Maggie Chandler Maggie Chandler No Comments

West End Real Estate Analysis

West End real estate analysis saw Febuary listings up and sales down, compared to January, resulting in the supply doubling to 3 months. The days on the market for condos that sold increased to 32. The average selling price up to $604,000.  The sales under $500,000 and over $1M increased. The list price to sale price ratio is 97% . 

Listings – 217.  17 listed under $300,000, 52 listed between $300,000 and $400,000. 46 listed between $400,000 and $500,000 , 55 listed between $500,000 and $1M.  32 listed between $1M & $2M. 15 listed over $2M Read more

by Maggie Chandler Maggie Chandler No Comments

Just Listed! Condo in Coal Harbour’s Cielo

Cielo Corner Suite for Sale, Coal Harbour, Vancouver, BCWelcome home to Coal Harbour’s CIELO, steps to the waterfront and walking distance to work, shops, restaurants and Robson Street. Enjoy Urban Fare at your doorstep. Spacious well appointed 787 SF one bedroom corner suite featuring a large 80  sq. ft. SW facing balcony. High end finishing includes granite countertops, gas stove, KitchenAid S/S appliances, walk-in frameless glass shower, air-conditioning, geothermal system and insuite storage. Fabulous mountain & water views from roof-top patio with gas fireplace, jacuzzi, fitness centre & meeting room. Parking and locker included. Concierge. Quick possession possible. Call today and make an offer!

Asking $609,900.

by Maggie Chandler Maggie Chandler No Comments

New Listing! 1239 W. Georgia, Coal Harbour, Vancouver

As a realtor, nothing warms our heart more than a delightful client who repeatedly calls you to do assist them with a purchase or sale. Such is my scenario at 907-1239 West Georgia, Vancouver, BC.

Venus is located in Coal Harbour and this n.e. corner 2 bedroom and den (a great work space for home, with a window and door that closes) has 2 full baths, tiled entrance, two sided fireplace and some views of the mountains and water.

The building boasts amazing amenities, including 24 hour concierge, indoor pool, sauna, gym, library, party room with a grand piano, billiards room and guest suite. Lets not forget the visitor parking – lots of it.

898 sq ft and listed at $639,000. Shows perfectly. Pets and rentals welcome.

Contact Maggie for a viewing

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 When you’re ready to buy or sell Vancouver real estate or False Creek North, contact Maggie Chandler, an experienced realtor marketing Vancouver real estate since 1981

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the above information is deemed to be accurate but should not be relied upon without verification

by Maggie Chandler Maggie Chandler No Comments

False Creek North Real Estate Analysis

False Creek North real estate analysis for Febuary saw listings on the rise for the third consecutive month,  from 153 to 187.   Sales dropped from 28 to 20, the lowest since Feb’09.   Days on the market consistant at 41. The supply of condos nearly doubled, now 9.3 months with considerably more sales over $1M, pushing the $psf up to $863. Buyers finally have a good selection of condos. We attribute the drop in sales in this waterfront neighbourhood to the difficulty in accessing properties during the Olympics.

Listings –  187  three listed under $400,000 and 11 listings between $400,000 & $500,000. 35 listed between $500,000 and $700,000. 64 listed between $700,000 and $1 million.  46 listed between  $1 & $2 million and 28 listed over $2 million.  5 expired (didnt’ sell). Read more

by Maggie Chandler Maggie Chandler No Comments

What Vancouver Real Estate Buyers Should Know About April 19th

CMHC’s new rules come into effect April 19th. At that date real estate buyers will qualify for a lower mortgage if you require a CMHC insured mortgage.

Be sure to ask your financial institution which are the two amounts you qualify for,  pre and post April 19th, as this will impact your purchasing power.

Read my past post

For a pre-approval contact Alma Pasic , mortgage consultant

when you’re ready to buy or sell your Vancouver  condo, contact Maggie, an experienced realtor marketing Vancouver homes since 1981.  Please fill out my contact form  or  

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by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Graph

Above are the Febuary Vancouver (west side) real estate graphs  for houses, townhouses and condos. Sales down and listings up, in all categories.

Condo listings increased to just over 1500 vs. nearly 2000 a year ago and are equal to May and Oct’09.  New Listings –  Feb 601, Jan 850,  Dec 349, Nov 621, Oct 833 , Sept 798. Sales Feb 342, Jan 298, Dec 397,  Nov 483, Oct 529  a Sept 477.   Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Graph

The February graphs for Greater Vancouver real estate show the average price of Greater Vancouver homes, townhomes and condos are slightly above their last peak, having regained what they lost last year. Prices have been rising since March. The graph shows the houses on the top, townhomes (middle) and condos (bottom) average price from 1977 to present.  The Vancouver market peaked in 1981, 1989,1993 and 2008. Vancouver real estate didn’t appreciate much between 1994 and 2002 but they did between 2002 and 2008. Then it dropped about 20-25% and has now surpassed the highs of 2008.

Following are the stats for Vancouver West Side –

February saw listings down and sales up compared to January. Now a better selection for buyers who are returning to the market after the Olympics. Read more

by Maggie Chandler Maggie Chandler No Comments

New Listing at Bayshore Gardens, Coal Harbour, Vancouver, BC

It’s always exciting to be called by a Seller to visit their home and give them a current market analysis.  When this even occurredin late January, the sellers decided to wait until after the 2010 Olympics to list their beautiful condo at 1616 Bayshore Drive.

1504-1616 Bayshore Drive, Vancouver, BC features a 2 bedroom and den/office on s.w. corner, 1257 sf. The views of the mountains and water are excellent. The condo has been upgraded with engineered hardwood floors, marble tiles in the kitchen and custom closet organizers.

You’ll enjoy sipping a cocktail on the 14×8 patio or cooking in the high end kitchen with granite countertops and Bosch and Sub-Zero stainless appliances. Features 2 parking, locker and 24 hour concierge.

This is the best priced bayshore listing. Only 4 condos on Bayshore Drive listed under $1M.

Stop by and view this Bayshore beauty Friday 11-12 or Saturday 13th 2-4. Or contact Maggie for an appointment.

View my virtual tour

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by Maggie Chandler Maggie Chandler No Comments

Vancouver Olypic Village Analysis

The 2010 Winter Olympic Games Came, Saw and Conquered! So much fun!! Congrats to our athletes!

The Olympic Village is Vancouver’s last waterfront community.  Vancouver real estate statistics for False Creek South (Olympic Village) saw Febuary sales up slightly and sales down slightly.. Average sold price up to over $370,000 and sale price to list price ratio 99% with average days on market 36, Overall a strong market.

420 units of the 1,100 total units on the site have been sold.   MilleniumWaterwill be pre-selling the remainder in May . The waterfront units will be over $1M. Hire me as your Buyer Agent! The Developer’s agent works for the developer!

City Hall will shortly be making a decisionon whether the Olympic Village will or will not ontain social housing. Will they sell the units designated for social housing in order to increase the revenue to the City?

We can only track the activity for this neighbourhood through MLS,not the Developers who are pre-selling, but that will eventually change as they all become resales and then we can get a better feel for the neighbourhood.Most expensive listing $1,590,000 for 1225 sq.ft.  penthouse (air conditioned) in Foundry. Least expensive $319,000 for a studio.Listings 2009 – Feb 19,  Mar 18, Apr 16, May 26, Jun 28, Jul 18, Aug 26, Sept 36, Oct 40, Nov 28, Dec 25

Listings 2010 – Jan 33, Feb 36

13 listed under $500,000. 17 listed between $500,000 and $1M and 6 listed over $1M

Sales 2009-Feb 0,  Mar 3, Apr 5, May 3, Jun 4, Jul 10, Aug 2, Sept 9, Oct 3, Nov 7, Dec 11 (4 resales and 7 pre-sales)

Sales 2010 -Jan  7, Feb 4

All sales were under $750,000

Average Days on Market for Solds 2009-Mar 22, Apr 28, May 14, Jun 41, Jul 94, Aug 37, sept 17, Oct 20, Nov 36, Dec 35

Average Days on Market for Solds 2010 – Jan 24, Feb 25

Average Sale Price – Mar $399,000 , Apr $325,000, May$429,665, Jun $424,750, Jul $378,150, Aug $401,500, Sept $516,522, Oct $726,000, Nov $457,000, Dec 419,000

Average Sale Price – Jan $396,258, Feb $571,980

Average $psf 2009 – Mar $485, Apr $533, May $557, Jun $538, Jul $561, Aug $549, Sept 635, Oct $551, Nov $611, Dec $586

Average $psf 2010 – Jan 617, Feb $622

List Price to Sale Price Ratio 2009- Mar 96%, Apr 97%, May 99%, Jun 98%, Jul 98$, Aug 98%, Sept 100%, Oct 99%, Nov 98%, Dec 99%

Sale Price to List Price Ratio 2010 – Jan 100%, Feb 99%

Neighbourhood Buildings –LOFT 495 at 495 W. 6th. LOFT 338 at 338 W. 8th. The VUE at 2520 Manitoba is now 3 years old. The ELEMENTS at 2515 Ontario was built in 2004.  THE CALLADINE at 2626 Alberta completed in 2008. XL LOFTS at 438 W. 8th. CENTRO at 138 W. 6th. TURNBULL’S WATCH at 380 W. 10th

Canada Line, which joines Vancouver International Airport to Downtown. On August 17, 2009 the ride was free and there was a 2 hour wait. check out the website

PRESALE!!  MAYNARDSBLOCK on W. 1st & Cambie from $289,900 going on sale next month. Call me if you are interested in buying.

PINNACLELIVING at 20 E. 1st. 600sf one bedrooms from $359,000. 1050 sf two bedrooms from$699,000. Due for completion October 2011.

UPCOMING PRESALES –1700 Manitoba and 1827 Crowe

The Exchange at 388 W. 1st, an old telephone exchange building is completed and now selling – studios 367 sf from $346,000.

Olympic village condos completed in November 2009 , occupied by the Olympians, then the Developer will clean them up and owners will receive title in May 2010. Remaining pre-sales go on the market in May 2010, starting at $499,000 – $5million(prices to be confirmed).

Visit the City’s website on this neighbourhood

Subscribe to Millennium-Water’s ezine and learn more about the Olympic Village site, its industrial history, sustainability, planning, policy, water, amenities, the community

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when you’re ready to buy or sell an olympic village condo, contact Maggie, an experienced marketing vancouver homes since 1981

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by Maggie Chandler Maggie Chandler 2 Comments

Coal Harbour Real Estate Analysis

Coal Harbour real estate analysis for February saw sales up slightly and listings up 30% compared to January, with 2 sales over $2M vs 5 in November.   of the sales were under $1M. vs 80% in January.  Days on market dropped from  43 to 29.   Sale price to list price ratio droppped to 97%.  Currently 20 listings at  Fairmont Estates which has prices from $855,000 for 730sf and $5,780 for 2700s. Three Harbour Green is pre-selling and is the last remaining new waterfront building in Coal Harbour. The $23M Penthouse sold during the Olympics. 

Listings -162.  27 listed under  $500,000.  60 listed between $500,000 and $1M. 34 listed between $1M and $2M and 41 listed over $2M, including 8 over $5M  and 12 expired. Read more

by Maggie Chandler Maggie Chandler No Comments

Kitsilano Real Estate Analysis

Steady as she goes!   Kitsilano real estate analysis condos for February saw listings and sales on par with January. Both listings and sales equal to a year ago but substantially less than feb’08. The average selling price spiked to $487,000 as more high end condos sold and more 2 bedrooms than l bedrooms. However, the average $psf much the same at $614, up  from $511 a year ago and an all time high.  Average Days on the market now 36 which is on par with a year ago but more than feb 2008 when it was 18.   List price to sale price ratio steady at 99%.  70% of sales under $500k. 6 listings didn’t sell or were cancelled.  

Listings- 107. 3 listed under $300,000. 26 listed between $300,000 and $400,000.  37 listings between $400,000 and $500,000, 13  listings between $500,000 and $600,000 and 16 listed between  $600,000 & $800,000, 9 between $800,000 and $1M and  3 listed over $1M.   Read more

by Maggie Chandler Maggie Chandler No Comments

Greater Vancouver February Sales Up, Listings Down

From REBGV 

The Greater Vancouver housing market continued to experience strong demand from homebuyers and an increase in total property listings in a month where the eyes of the world were focused on the region.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,473 in February 2010, an increase of 67.1 per cent compared to February 2009 when 1,480 sales were recorded and a 28.6 per cent increase compared to the 1,923 sales recorded in January 2010. More broadly, last month’s sales totals marked a 7.6 per cent decline compared to the 2,676 sales recorded in February 2008 and were 13.5 per cent behind February 2007 when 2,859 residential sales were recorded on the Multiple Listing Service (MLS®) in Greater Vancouver. Read more

by Maggie Chandler Maggie Chandler No Comments

Snapshot of Vancouver’s 2010 Winter Olympics

What a party! Sooo much fun!

The Vancouver Olympics will be the most heavily watched winter Games in history, a senior official with the International Olympic Committee said.  Timo Lumme, who was responsible for the sale of television and new media rights, said the Games will receive about 24,000 hours of coverage around the world by the Games’ broadcast or “old  media” partners.

That’s a 47-per-cent increase over the 2006 winter Games in Turin, Italy. “I think that testifies that the Olympic winter Games or the Olympic Games in general continues to be must-see programming,” said Lumme, managing director of TV and marketing services.

The IOC says that 3.5 billion people, or more than half the world’s population, will have watched at least some coverage of the Games. In Canada, CTV reported that Sunday’s hockey game between Canada and the U.S. was the most-watched sports program in Canadian history, with an average audience of 10.6 million viewers. In the United States, 167 million people – or more than half the U.S. population – have already watched the Games on NBC, Lumme said. Last Thursday, the Olympics knocked American Idol out of first place in the U.S. ratings.

Read more:

by Maggie Chandler Maggie Chandler No Comments

Asia Leads the Real Estate Recovery

The global Property Guide reports that there are now more countries with rising real estate prices than falling real estate prices. During the last quarter of 2009 prices rose in 22 of 34 countries and fell in 11.

The best performer? Asia – Singapore, Taiwan and Australia. The UAE and Eastern European states took the biggest hits but Ireland saw the largest drop in prices in the last quarter of 2009.

View the chart

Not only Vancouver is seeing an uptick in Mainland Chinese buyers, Australia is also. In fact the Russians are also investing in Australian real estate, particularly the Gold Coast.

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when you’re ready to buy or sell a Vancouver Penthouse, contact Maggie, an experienced realtor marketing vancouver condos since 1981

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