Vancouver’s oldest neighbourhood bordering Stanley Park, English Bay and Downtown, saw May’s average sale price dip slightly to $564,000 whilst the sales to active listings ratio rose to 27%, up 12% from April. How is Vancouver’s West End condo market? Sales have been on a steady climb this year, up from 21 in January to 63 in May.
Are West End Condo Listings Dropping?
May saw listings dip to 237, from a peak of 297 in July last year. New listings for the month are also on the decrease. Days on the market tumbled from 82 last October to 55 in May. A more balanced market than it was six months ago. Read more
Vancouver’s Coal Harbour condo market average sale price levelled in May at $1,102,000. It peaked in Nov’11 at $1,766,000. The sales to active ratio rose to 16% down from 26% in Mar’11. Days on the market was 53, down from 112 in Jan’13.
How are Coal Harbour Sales?
Coal Harbour condo sales ticked up to 29 in May, from a low of 9 in February and properties listed dipped to 188, from a high of 212 in February. New listings are also on the decline. Property sales up, listings down and prices levelling! Read more
The question everyone asks me these days is how’s Vancouver’s Kitsilano real estate prices? May 2013 stats show Kitsilano’s houses have corrected the most, they peaked in Dec’10 at $3,131,000, then peaked again in Jan’12 at $2,829,000 and again in Mar’13 at $2,444,000 and now sit at $1,727,000.
Kitsilano townhomes are performing very well, benefiting from trade up and trade down home buyers. Current average sale price is $996,000 which is down 3.7% from a year ago.
Kitsilano condos are down 9.6% from a year ago, with an average sale price of $446,000. Read more
There are many great buys in the current Vancouver real estate market. Many sellers are not motivated and have priced their properties above market value. Hire an experienced Vancouver Realtor with hyper-local knowledge and seek out the best buys. One of those is 1103-1680 Bayshore Drive! Price slashed again by $50,000, now listed at $953,000. Grab this Coal Harbour condo!
Why is This Bayshore Drive Condo A Deal?
It is currently the least expensive Bayshore Drive condo which is at the front of the building with an unobstructed view. Its a 2 bedroom and den n.w. corner 1130sf. with 2 parking, insuite storage and a locker. It is also listed at $193,000 less than the last comparable sale in the building which was in Feb’12. Read more
Why are East Vancouver’s real estate prices not dropping? May stats show the average sale price of houses 3.6% higher than a year ago to $957,000, condos 4% higher at $371,000 and townhomes down 6% to $584,000. The very expensive west side home prices continue to benefit East Vancouver real estate as buyers move east. Prices have been on a steady climb upwards since January.
Are May Sales Higher Than a Year Ago?
Yes! They clocked in at 332, 5.7% higher than a year ago and up from a mere 125 in December and almost equal to May 2011 which clocked in at 347. Sales to active ratio climbed to 23, up from 10 last September.
Have East Vancouver Listings Dropped?
After a steady climb upwards from December, East Vancouver property listings decreased in May, down to 1,428 and 3.7% lower than May 2012. Read more
The question I’m asked the most in a Vancouver buyer’s market, such as what we are currently experiencing, is “how’s the market” and “what are prices doing”. Vancouver real estate market saw house prices in May still on a downward trend, whereas townhomes and condos turned up. House prices are now equal to Jun’11, with an average sale price of $2,507,000. Townhomes sit at the same level as Jun’10 at $949,000 and Vancouver condos equal Feb’10 levels with an average sale price of $614,000.
How Are Vancouver Real Estate Sales?
Vancouver real estate sales bottomed in December with a total of only 236 for Vancouver west side. May saw the 5th consecutive month that property sales increased, now at 657, 15% higher than May 2012! Read more
West of Denman the best real estate in Vancouver’s West End and Haro Street is one of the most beautiful. You’ll love living in the tastefully renovated s.e. corner 2 bedroom with wonderful views of English Bay and a block from Stanley Park and steps to Denman and its transportation, coffee shops, groceries and restaurants.
What’s Included in this West End Condo?
The condo comes with underground secured parking and a full size storage locker. Huntington Place has an outdoor pool and saunas and a live in caretaker. You’ll love the maple hardwood floors, the new bathroom with a soaker tub and new European kitchen with Staron counters, marble walls and sleek appliances!
When Can I View This West End Condo?
First open house is June 8th, 1-3pm. Drop by and admire, you wont be disappointed! Perfectly priced at $435,000 and nothing to do but move in!
Sign up for a list of hot West End buys! Put my hyper-local west end experience to work for you!
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Did you know Greater Vancouver real estate sales and prices trend up in May? Sales went up 9.7% vs April and were 1% higher than May 2012 but remained 19.4% below the 10 year average for the month.
Are New Listings Below the 10 Year Average?
The number of new listings in Greater Vancouver neighbourhoods for the month of May were 7.4% below the 10 year average for the month and 18.3% below May’12 and 3.7% below the number of new listings for April’13.
Total properties listed were 2.9% higher than April but 3.4% lower than May’12.
The sales to listings ratio remained at 17%, the third consecutive month it has been above 15%, which it last reached in May 2012, indicating a balance market.
Average Sale Price Ticks Up in May
May saw a slight increase in the average sale price of homes to $776,520 from $741,644 in April, having peaked at $833,205 in May 2011. Houses, townhomes and condos all saw an uptick in the average sale price. Days on the market decreased to 54 and sellers dropped an average of 4.5% off list price.
P.S. I am your Vancouver Realtor! Put my hyper-local experience to work for you!
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Stanley Park was opened in 1888 by Vancouver’s Mayor David Oppenheimer who named it after the current Governor General, Lord Stanley of Preston. Our amazing park consists of 1000 acres, has many amazing trees that are hundreds of years old, borders the West End and Coal Harbour and is a jewel in a concrete city. In 1791 Captain Jose Maria Narvaez and Captain George Vancouver were the first Europeans to meet the Squamish Band who lived in Stanley Park. Read more
What’s a West End co-op and how do they work? Vancouver’s West End has a number of co-op buildings that can be owned and they occupy the best locations. Built in the 1940s and ’50s before there was a Strata Title Act in BC, the only way to own an apartment was to form a private company and sell shares in the company, so everyone living in the building owns shares in the limited company. The company owns the land and the building and leases you the right to live in a specific suite. Read more