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Month: December 2012

by Maggie Chandler Maggie Chandler No Comments

Happy Holidays!

Wishing you a happy, healthy and prosperous New Year!

P.S. I am your Vancouver real estate condo realtor!

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by Maggie Chandler Maggie Chandler No Comments

What Are the Three Best Features of 102-2280 Wesbrook Mall, UBC

Just Listed! This is an exceptional UBC condo with many great features. Conveniently situated at UBC, steps to University Boulevard. It is a  very well priced three bedroom corner condo with a garden patio that is partially covered and surrounded by the beautiful gardens of Keats Hall. South west exposure is great for enjoying a glass of wine on those summer evenings.

How Many Parking Stalls?

This amazing condo comes with three parking stalls!! And two full size large lockers. And….the condo has overheight ceilings which provide large windows for lots of light. You’ll love the eating area in the kitchen, large laundry room. Built by Polygon in 2005. Read more

by Maggie Chandler Maggie Chandler No Comments

Are False Creek Condo Prices Higher Than a Year Ago?

Vancouver’s False Creek waterfront neighbourhood sits on the south side of False Creek and looking north to Yaletown. The condos west of Cambie Bridge were built in the ’70s and ’80s and east of the bridge is the newer Olympic Village neighbourhood which will have about 16,000 inhabitants when completed.

False Creek average sale price in November is 7% higher than a year ago, as per REBGV and equal to June ’07, having roller coastered since then. Prices peaked in Dec’08. Sales to active ratio is 10%, hitting a low in September that equalled Dec’08. Sales flat at 16 and listings hit a new high of 150, bucking the trend, lots of new product in this neighbourhood. Average days on the market 48. Read more

by Maggie Chandler Maggie Chandler No Comments

West End Condo Average Sale Price Back to June’08

Average sale price for West End condos in November dropped to $563,000, back to June’08 levels and has been roller coastering since.  West End Prices peaked in Jan’12 at $917,000 (pushed up by some high end sales).

  • West End listings 243  – down again
  • West End sales – 40 and down 23% from a year ago
  • Average days on market – 37
  • Sellers dropped an average of 5% off list price
  • The average $psf  is 600 – down again
  • West End sales to active ratio increased to 16%, indicating a balanced market Read more

by Maggie Chandler Maggie Chandler No Comments

Have Vancouver’s Downtown Condo Prices Bottomed?

Have Vancouver’s Downtown condo prices bottomed? They reached a new high of $512,000 in Oct’09, another new high of $548,000 in Jan’12, another new high of $584,000 in Sept’12 and now sit at $504,000. Downtown listings dipped again to 404,  18% lower than a year ago.  Downtown sales dipped to 43, a whopping 40% below a year ago. Downtown days on the market was 65.  The average $psf  is 621. Downtown sales to active ratio flat at 16%, now in balanced market territory. A good time to buy!

How Have Vancouver Downtown Condos Performed Vs. Townhomes?

Vancouver’s Downtown condo sales are performing the best at the bottom of the market, with 75% of sales under $500,000 for November.  Downtown townhomes sell between $500,000 and $900,000. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver’s Coal Harbour Condo Prices Spike in November

Vancouver’s Coal Harbour saw condo prices spike in November, due to some high end sales and are now equal to Aug’11. This luxury waterfront neighbourhood saw prices peaked in October 2008 and surpass that in November 2011, then reached a low in July 2012.

Coal Harbour Sales Vs A Year Ago Drop 40%

Coal Harbour condo sales in November took an average of 69 days to sell and sellers dropped an average of 7% off list price. The sales to active ratio is 8%,  from a low of 5% in September . Only 16 sales in November. Read more

by Maggie Chandler Maggie Chandler No Comments

Where’s the Best Deal in Vancouver’s Kitsilano Real Estate?

Kitsilano is one of Vancouver’s most desirable waterfront neighbourhoods and offers buyers a variety of real estate which includes houses, townhouses , half duplexes, and condos. The extension of the Skytrain to UBC will increase the value of real estate close to West Broadway corridor.  So where is the best deal in Kitsilano’s real estate?

Year Over Year Kitsilano’s Houses and Condos Tied For Best Value

Kitsilano’s houses peaked at $2,829,000 in Jan’12 and the average sale price now sits at $1,601,000, down 11%. KitsilanoTownhomes have dropped from $1,025,000 to $963,000  which is a 6% decrease. Kitsilano Condos have dropped from $486,000 to $432,000 which is an 11% drop. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver West Average Real Estate Prices Back to Feb’10 Level

Vancouver West average real estate  prices slipped in November, returning to Feb’10 level, according to  REBGV graphs.  House average sale price now $2,190,320 , down 7% from a year ago and down $600,000 from the peak in Dec’11. Townhomes average sale price down to $866,501, 0.7% lower than  year ago and down $200,000 from the peak in April. Vancouver condos flat at $600,946 up 4% from a year ago but down less than $100,000 from Feb’s peak.  Vancouver real estate market still favours buyers, due to the listings vs sales ratio which is flat at 12%. Read more

by Maggie Chandler Maggie Chandler No Comments

Greater Vancouver November Real Estate Average Price Down 18% From Peak

Greater Vancouver November real estate sales dropped 30% below the 10 year average.  They were also 28.6% below sales a year ago and 12.7% below October 2012 sales. Total listings decreased 10% from October and are lower than the peak in June but remained 13% above a year ago.  Greater Vancouver  average sale price is  down 18% to $684,000, equal to March’10. The top was May ’11 at $833,205. Exciting for Vancouver real estate buyers! Read more

by Maggie Chandler Maggie Chandler No Comments

Why Vancouver’s Waterfront Condos Are a Great Investment

Vancouver waterfront condosWhen Vancouver’s real estate experienced its last price correction in the 1990s, I remembering observing then that prices for waterfront homes on Point Grey Road held their value. As we approach the end of 2012 I thought it’d be interesting to analyse why Vancouver’s waterfront condos are a great investment and have they held their value?

Which Are Vancouver’s Niche Waterfront Condo Neighbourhoods?

We are going to review five of Vancouver’s niche waterfont condo neightbourhoods – Beach avenue in the West End. Beach Crescent neighbourhood in Yaletown, Marinaside Crescent in Yaletown, West Cordova in Coal Harbour, the Olympic Village and Pennyfarthing  in False Creek. Read more

by Maggie Chandler Maggie Chandler No Comments

Why Did Your Vancouver Condo Not Sell?

Are you frustrated with the current Vancouver real estate market and wondering why did your Vancouver condo not sell? There are three reasons why a Vancouver condo doesn’t sell – marketing, price and condition.

Did you hire a Vancouver neighbourhood realtor with hyper-local experience? Or where they from another municipality, didn’t accommodate showings and not familiar with your neighbourhood and its condo buildings, so unable to keep you updated with marketing conditions. Read more

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