Selling our community – Vancouver’s Kitsilano – I know it, love it and live in it! Our beautiful waterfront neighbourhood offers so much entertainment – Bard on the Beach, Children’s Festival, Fireworks Celebration, Greek Days, Kits Steamboat, music fests, food trucks, a large variety of coffee shops and restaurants, farmers market, 17 parks including six playgrounds, public tennis courts, Kits swimming pool, yacht clubs, the seawall and sitting on a log at Kits Beach and admiring the changing colours of the water and mountains, so relaxing. Read more
Vancouver’s Coal Harbour waterview condo price slashed 5%, to $998,000 at 1103-1680 Bayshore Drive. Welcome home! I’m an 1130 sf rare n.w. corner 2 bedroom and den condo, plus insuite storage and a storage locker, as well as 2 parking stalls. I have unobstructed water and mountain views. My seller says sell!
Am I the Deal of the Month?
Yes! the last comparable sale in my building recently sold for $1000psf. I’m priced at $883psf. I’m currently rented if you’re looking for a great investment. And by the way my building boasts a concierge and a gym. Read more
Guess how many Vancouver homes have sold over $14M this year? Three! The most expensive home was $18,600,000 at UBC’s Newton Wynd, slightly less than 10,000 sf with a pool and tennis court. YTD sales have been consistent since 2010. Before that there were no sales over $12M. What’s that saying….the rich get richer!
How Many Vancouver Condos Have Sold over $7M?
There’s been a total of six Vancouver condo sales over $7M published on MLS, one sale this year and three in 2011. The most expensive was Shaw Tower Penthouse which sold for $10M for 7,500 sf. Four of the sales were in Coal Harbour and two in Yaletown. Read more
A client recently moved from the suburbs to Vancouver’s West End and told me he’d researched various neighbourhoods before selecting the West End. So I thought an interesting post would be What’s so Special about Living in Vancouver’s West End? Purchased in 1862 by the Three Greenhorns and later Vancouver’s first upscale neighbourhood and home to the richest railroad families, the neighbourhood has many wonderful relics of Victorian homes.
What Are the West End’s Top Three Attractions? Read more
What’s up with West End real estate? Based on the current average sales price graph prices bottomed in February, rose in March and dropped again in April and are at par with September’09, with a sale to active listings ratio of 16%. Listings continue to climb and sit at 246. It’ll take an average of 68 days to sell your West End condo.
How are West End Sales Compared to a Year Ago?
April saw 40 sales, down 25% from a year ago. Sellers moved an average of 5% off list price. Only four sales over $1M in April and 22 under $500,000. You can own a studio west of Denman for $216,000 or a one bedroom strata from $320,000. Read more
Many of Vancouver’s neighbourhoods saw real estate prices bottom in December 2012. Vancouver’s Downtown is no exception, condo prices in April are still trending up, for the fourth consecutive month. The average sale price now sits at $504,273 and first reached this level in October 2009. The peak was $584,689 in Sept’12.
How Are Real Estate Sales in Downtown Vancouver?
April sales trended down to 55, from 72 in March, a whopping 40% drop from a year ago and equal to Sept’12 with a sales to active ratio of 14%. Total listings climbed to 392 but remain 20% below a year ago.
Has the Downtown Market Bottomed?
It certainly looks that way, based on the current graph. What do you think? Read more
Vancouver real estate prices are a little confusing because they haven’t dropped off the cliff the way they did in 2008, instead they’re see-sawing but the trend is definitely downward. Current Kitsilano house prices tumble 30% from two years ago with an average sale price at $1,544,452, down from $2,168,655 in April 2011. In April 2006 the average price sat at $1,112,897. View the graph.
Why Are Kitsilano Condo and Townhome Sales Up From a Year Ago?
Kitsilano Condo and townhome sales are up 40% and 21% from a year ago but house sales dropped 46%. Perhaps the affordability factor has kicked in. Who can afford a small old house for $1.5M? Listings have risen this Spring but remain below a year ago. Read more
In March 2013 new legislation was passed in BC that changes effects Vancouver real estate when a couple separates. Under the new Act, unmarried couples who’ve lived together in common law for at least two years are considered to be spouses and treated the same as married couples when it comes to the division of property. So if a couple separates both will share equally the family property and debt that accrues during the course of their relationship and you need to know how the new BC family law act impacts your Vancouver real estate. Read more
Why are East Vancouver real estate prices rocking on? Geographically East Vancouver has long been a desirable alternative to the expensive West Side and this is now more true than ever – given the very expensive cost of a house west of Main Street. Vancouver home buyers can find themselves a brand new house in the Main Street corridor for $1.5M vs $2.5M on the west side. The run up in west side prices due to the strong demand from Mainland China continues to send more buyers East.
How Are East Vancouver’s Real Estate Prices?
East Vancouver Homes average sale price is $918,20, up 0.8% from a year ago. Townhomes are $661,487 up 4.4% from a year ago and East Vancouver condos sit at $348,976 , down 11%% from a year ago. The active to sales ratio softened slightly to 17%, on a steady rise since Sept’12. It took an average of 41 days to sell an East Vancouver property. A pretty stable market! Read more
The sun’s out and summer’s arrived early this year, yahoo! And I’ve been busy with listings, showings and offers, so now back to blogging! Vancouver’s beaches are packed and did you know our city made the list of Top Ten Beach Cities? Vancouver Home sales have improved this year and the listings to sales ratio has ticked up to a more balanced market but still favouring buyers. So where’s the buzz? Is Vancouver real estate now boring? Read more
Greater Vancouver real estate sales in April saw the lowest total for the month since 2001 and was 20.9% below the 10 year average for the month but sales to active listings ratio rose to 15.7%, the second consecutive month it has been above 15% , having bottomed at 8% in Sept’12. Greater Vancouver average sale price clocked in at 0.4% above a year ago, now at $741,164, having bottomed at $672,129 in July’12 but down from $762,337 in March. Are Greater Vancouver real estate prices rising? Read more
When representing Vancouver condo buyers I drill down on specific neighbourhood stats, searching out the best buy for my clients. This week I’ve come across a few, so today I’ll feature a great buy for a Kitsilano condo that is a screeching deal, based on recent sales in the building and recent comparable sales in this sought after Vancouver neighbourhood.
What are the Best Features of this Condo
An excellent location which is conveniently located to the West Broadway bus, giving access to both UBC, Downtown and the Skytrain, plus grocery stores, restaurants and coffee shops at your finger tips. And did I mention you’re a skip and hop to Jericho Beach and park? The condo is in move-in condition, is a south-west corner and overlooks a beautiful garden, filled with trees which make it very private when you’re on your deck. Read more
Coal Harbour is Vancouver’s most luxurious waterfront neighbourhood and Bayshore Drive was the beginning of Coal Harbour converting from a ship building to residential condo buildings back in the mid 1990s. Bayshore Drive is nestled next to Stanley Park on the quiet east side of Coal Harbour, with easy access to the West End and still steps to the seawall. Drop by and admire my view from 1103-1680 Bayshore Drive. $1,048,000.
What Makes Me Special?
I’m a rare n.w. corner condo with unobstructed mountain and marina views from my living, dining, kitchen and den. My most efficient floorplan offers a large deck where you can sip a cocktail after work, relax and enjoy the views. I’m 1130sf two bedroom condo with two baths and a huge insuite storage, as well as a locker downstairs and I have two parking stalls. My building boasts a 24/7 concierge and exercise room. I was built in 2002. Read more