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Month: April 2010

by Maggie Chandler Maggie Chandler 1 Comment

West End History

In 1862, a District Lot – number 185 – was bought for $550.75 by a John Morton (hence Morton Avenue)potter, plus two mates – Samuel Brighouse and William Hailstone. The lot comprised of what is now the entire West End – 540 acres.  West of Burrard and south of West Georgia. His speculation was in the hope that they could farm, mine and make bricks on the land but he was not successful.  However, their investment in this remote piece of rainforest was considered a frivolous one and earned them the nickname, “Three Greenhorns”.  Then they tried to sell the land as lots, claiming “New Liverpool” would soon be a major city. Once again they had no success. Read more

by Maggie Chandler Maggie Chandler 4 Comments

Canada Real Estate Roundup

With the exception of PEI, all Canadian Provinces saw a higher average real estate price in March 2010 than they did in January 2009.The average Canadian real estate price in March 2010 saw the cities of  Vancouver, Victoria, Calgary, Winnipeg, Toronto, Ottawa, Montreal, Edmonton, Saskatoon and Regina all 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

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What Vancouver Real Estate Is Selling?

What’s selling the best in Vancouver condos? Suites listed under $500,000

I took a look at the April sales and see what’s selling. MLS to date shows 229 condo sales and of those 131 (58%) sold under $500,000 (of those 1% sold under $300,000, vs 12% in Feb),  82 (35% )sold between $500,00 and $1M and 16 (6%) sold over $1M.(down from 15% in Feb). It’s a tie between the l and 2 bedrooms, same number of sales for each but the 2 bedrooms have more supply. Currently 2,284 west side condos for sale (up from 1,000 in December).

Average $ psf – Feb $650, Apr $645

Average Sale Price – Feb $660,000, Apr $566,000

Average Days on Market – Feb 32, Apr 28

Sale price to list price ratio – Feb $97%, Apr 98% Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Daily Stats

From REBGV as at 4.20pm today. Though deemed to be correct these stats should not be relied upon.

For townhomes & condos

April 28th – new listings 61 , solds  27 , price changes 20

April 27th – new listings 113  , solds 53,   price changes 65

April 26th – new listings 163  , solds 70  , price changes 89

April 25th  – new listings  173 , solds  70 , price changes 89

April 23rd – new listings 215 , solds 83 , price changes 114

April 22nd – new listings  296 , solds  124 , price changes139

April 21st – new listings  365 , solds  188, price changes 170

keep up to date with vancouver’s changing market, subscribe via RSS or emailcontact Maggie when you’re ready to buy or sell  vancouver real estate, marketing vancouver homes since 1981 and 2009 MLS Medallion Club Master Diamond Member

search for listings on your Virtual Office Website (VOW)

by Maggie Chandler Maggie Chandler 2 Comments

Take Advantage of These Vancouver Condo Price Reductions

3202 @ Fairmont Pacific Rim Estates (1011 West Cordova Street, Vancouver, BC) 1800sf, brand new. New Price $3,488,000 ($1900psf). Hot Price! View it here! This condo is the highest 02 suite with a full length balcony and clear views to the north and east. Call Maggie today for a showing!

1905-1205 W. Hastings (Cielo), Vancouver, BC, now $599,900 Hot Price! Spacious 787sf one bedroom facing s.w. , in top condition, gas stove and insuite storage or den. Parking, locker, concierge. The top floor is a fabulous view gym, jacuzzi, meeting room, steam room and outdoor patio. Call Maggie to view it today!

First time buyers or Investors! 708-1189 Howe Street, Vancouver, BC “Genesis” on the corner of Davie and Howe. This spacious studio 448sf with Murphy bed & open kitchen plus large storage room, insuite laundry. South facing overlooking patio garden. Large balcony & laminate floors. Includes one parking. 24 hour concierge, indoor pool, gym, sauna/theatre, guest suite. Pets and rentals welcomed. Super location, close to shops, restaurants, the seawall, the West End and downtown at your doorstep. PRICED TO SELL! $299,000

First time buyers of Investors! 109-2920 Ash  FAIRVIEW’S BEST DEAL! Bring your decorating ideas! Steps to Canada Line, VGH, City Hall & City Square Mall. West facing private garden patio one bedroom with efficient floor plan. Underground parking and locker & onsite caretaker. Live in or keep the tenant . Only $289,000

Call me to view and make an offer!

keep up to date with vancouver’s changing market, subscribe via RSS or email

contact Maggie when you’re ready to buy or sell  vancouver real estate, marketing vancouver homes since 1981 and 2009 MLS Medallion Club Master Diamond Member

search for listings on your Virtual Office Website (VOW)

by Maggie Chandler Maggie Chandler No Comments

Luxury Vancouver Real Estate Analysis

This post will focus on Vancouver (west side) luxury condos over $2M.

March saw  10 sales of luxury Vancouver condos over $2M, including only one over $5M , with average days on market 73 and a total of 179 listings with 91% list price to sales price ratio. The $2M-$3M price range selling the best.A whopping 17 months of inventory and a strong buyer’s market in this price range.

Listings – Jan Feb 50, Mar 179

85 listed between $2M and $3M. 47 listed between $3M & $4M. 21 listed between $4M and $5M. 22 listed between $5M & $10M. 4 listed over $10M. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Penthouse Real Estate Analysis

The MLS shows  116 condos  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.  Compared to Feb, listings were flat and sales up, leaving March’s supply of Vancouver Penthouses down to  6.8 months, with the listings under $1M selling the best and only 4 sales over $2M.  Days on market up to 48.   CMHC ‘s new regulations for mortgage qualifying is generating activity at the bottom of the market. Buyers with a pre-approved mortgage must transact by mid June to get in under the old rules, otherwise their purchasing power will be decreased, perhaps by as much as 25%, resulting in them only being able to purchase a lower priced property. Luxury market is soft.

Ranging from 1 bedrooms at $500,000 to the most expensive at $10,000,000.

Listings – Jan 102, Feb 116, Mar 116

59 listed under $1M.  35 listed between $1M and $2M. 13 listed between  $2M & $3M. 8 listed between $3M and $6M and 1 listed over $10M.

2010 Solds – Jan 11, Feb 12, Mar 17 Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Downtown Real Estate Analysis

Vancouver’s Downtown real estate analysis in March saw listings spike up slightly and comparable to summer/fall 2008 but sales almost doubled, making it the best month for the past year except for October.  The market under $500,000 selling the best.  Average days on the market steady at 37, and average $psf up slightly to $627. Sale price to list price ratio steady at 98%.  5 months supply, which is higher than a year ago

Listings Inventory  791. 418 listings under $500,000.  242 between $500K and $700k.  1 listings between $700K and $1M.  214 condos listed between $500K and $700K.  74 listed between $700,000 and $1M.  58 listed between $700k and $1M, 46 listed between $1M and $2M and 19 listed over $2M Read more

by Maggie Chandler Maggie Chandler 4 Comments

Vancouver Real Estate Daily Stats

From REBGV @ 7pm today.

New Listings  48 . Solds  61. Price Changes  34   . Back on market 0

First time in a long time that solds have exceeded the listings.

the above information though deemed to be correct should not be relied upon

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by Maggie Chandler Maggie Chandler No Comments

Guess Where and How Much Canada’s Most Expensive Condo Is?

Where?  Toronto. How much? $30 million. What? Four Seasons Penthouse.on 55th floor.  What does $30M buy you? Location to begin with – at Bay & Yorkville.   9000sf with 680sf for your staff!

The master bedroom is 2,500sf. with a fireplace and its own terrace and 12ft ceilings. The design is haute Gluckstein. Let’s not forget the wine cellar which holds 800 bottles.

The Four Seasons is selling for $3000 pr sq ft – compared to $1000psf five years ago. The developer expects the buyer to be local or someone who’ll do the 6 and 6. We assume the 6 in Toronto will be during summer months!

To date Toronto’s most expensive condo sale was to a Hong Kong buyer for One Bloor Penthouse at a cool $25M for 7,500sf.

Oh yes, Toronto is cheap by International standards – London’s prices are $11,800psf for top quality condos.  Looking to drop spare change this weekend? Check out the Pierre Penthouse in New York for $70 million for 16 rooms. Some New York condos sell for over $100M.

Makes Vancouver look cheap!

Read the article here

When you’re ready to buy or sell Vancouver real estate, contact Maggie, an experienced realtor, marketing Vancouver homes since 1981. 2009 MLS Medallion Club Master Diamond MemberDid you know you can search for listings on your own Virtual Office Website  on this site? This FREE service allows you to search by address, MLS#, street or specific criteria (waterfront).  Receive listings 2 days before realtor.ca and in full printout, view Walkscore. Sign up today. keep up to date with vancouver’s changing market, subscribe via RSS or email

by Maggie Chandler Maggie Chandler No Comments

False Creek North Real Estate Analysis

False Creek North real estate analysis for March saw listings on the rise for the fourth consecutive month,  from 187 to 227 (about 20%) and equal to a year ago but higher than March’08.   Sales increased from 20 to 39 (doubled) and higher than a year ago but lower than March’08 and more sales over $1M.   Days on the market consistant at 41. The supply of condos this year is nearly double what is was in the Fall. $824 psf. 

Listings –  227  four listed under $400,000 and 13 listings between $400,000 & $500,000. 44 listed between $500,000 and $700,000. 79 listed between $700,000 and $1 million.  53 listed between  $1 & $2 million and 34 listed over $2 million.  

Expireds (didn’t sell) March 13, Feb 5 Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis

Let’s see what the daily stats for West Side Attached (condos and townhomes) look like for April. The below represents new listings processed on that date and

April 19th –New listings 47. solds 7. price changes 25. back on market 0

April 18th – new listings 48  . solds 25 . price changes 7. back on market 0

April 17th – new listings  49 . solds 7 . price changes  27  . back on market 0

April 16th – New listings 114. Solds 29. Price changes 48. Back on market 1

April 15th – new listings 153 . solds 48  . price changes 66. back on market 1 .

April 14th  – new listings 235  . solds 96. price changes 88  . back on market 1  .

April 13th – new listings 305. solds 131  . price changes 112  . back on market 1 .

April 12th – new listings  371. solds 163 . price changes  137. back on market 1.

April 9th – new listings 408. sold 181 price changes 156. back on market 1.

April 8th – new listings 499. sold 123. price changes 171. back on market 1  .

April 7th – new listings 594 . sold 289 . price changes 202. back on market 2 .

April 6th – new listings 690 sold  309 . price changes 225 . back on market 3

11 days in april – new listings 3,388. solds 1,381. price changes 969

above stats from REBGV and published dailybut should not be relied upon for accuracy

When you’re ready to buy or sell Vancouver real estate, contact Maggie, an experienced realtor, marketing Vancouver homes since 1981. 2009 MLS Medallion Club Master Diamond MemberDid you know you can search for listings on your own Virtual Office Website  on this site? This FREE service allows you to search by address, MLS#, street or specific criteria (waterfront).  Receive listings 2 days before realtor.ca and in full printout, view Walkscore. Sign up todaykeep up to date with vancouver’s changing market, subscribe via RSS or email

by Maggie Chandler Maggie Chandler No Comments

West End Real Estate Analysis

 West End real estate analysis for March saw listings up about 20% and sales up over 60% , compared to February. Both sales and listings on a par with March 2009. Average days on market up slightly to 38. List price to sale price ratio steady at 97%. Sales over $1M and under $500,000 increased.

 Listings – 258.  24 listed under $300,000, 61 listed between $300,000 and $400,000. 7 listed between $400,000 and $500,000 , 85 listed between $500,000 and $1M( up from 55 last month)  34 listed between $1M & $2M. 7 listed over $2M Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Olympic Village Real Estate Analysis

The Olympic Village is Vancouver’s last waterfront community.  Vancouver real estate statistics for False Creek South (Olympic Village) saw March listings down  and sales up. Average days on market up to 36 and  average sold price down to  $490,000 . Average $psf flat at $622.. sale price to list price ratio 98%.

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! Read more

by Maggie Chandler Maggie Chandler 2 Comments

Bye Bye Vancouver Shangri-la Condo

Back in early 2005 I was very excited to be contacted by an Asian couple who wished to hire me as a Buyer Agent and told me they’d be coming to town in a month to purchase a condo around $1M to $1.5M.

I subscribed them to a listings search and picked them up at the airport. We viewed all the condos they’d selected but none sparked them. By chance I asked if they’d like to drop by the Shangri-la presentation centre and informed them that the prices were close to $2M. They fell in love and purchased a double height 4500sf 3 bedroom which they customized. It is one of only 3 suites in the bldg that are double height (16ft ceilings) and is also unique due to the size – 4500sf. Truly a rare item in the Vancouver condo market.   Read more

by Maggie Chandler Maggie Chandler No Comments

Kitsilano Real Estate Analysis

March saw an increase in both listings and solds in Kitsilano condos, with listings increasing about 60% and the highest since No’08.  Solds doubled from Feb, with an equal ratio of sales in l and 2 bedrooms. However, the average sale price and $psf both dropped slightly and the average days on the market dropped by half, to 17 which is on par with 2 years ago . List price to sale price ratio steady at 99%.  70% of sales under $500k, same as previous month. 15 listings didn’t sell or were cancelled, up from 6 the previous month.  Market balancing.

Listings- 171 – 6 listed under $300,000. 55 listed between $300,000 and $400,000.  52 listings between $400,000 and $500,000, 27 listings between $500,000 and $600,000 and 21 listed between  $600,000 & $700,000, 16 between $700,000 and $1M and  2 listed over $1M.   Read more

by Maggie Chandler Maggie Chandler No Comments

Kitsilano Real Estate Analysis

March saw an increase in both listings and solds in Kitsilano condos, with listings increasing about 60% and the highest since No’08.  Solds doubled from Feb, with an equal ratio of sales in l and 2 bedrooms. However, the average sale price and $psf both dropped slightly and the average days on the market dropped by half, to 17 which is on par with 2 years ago . List price to sale price ratio steady at 99%.  70% of sales under $500k, same as previous month. 15 listings didn’t sell or were cancelled, up from 6 the previous month.  Market balancing.

Listings- 171 – 6 listed under $300,000. 55 listed between $300,000 and $400,000.  52 listings between $400,000 and $500,000, 27 listings between $500,000 and $600,000 and 21 listed between  $600,000 & $700,000, 16 between $700,000 and $1M and  2 listed over $1M.   Read more

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