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Month: September 2013

by Maggie Chandler Maggie Chandler No Comments

How is the Real Estate Market in Vancouver’s Yaletown?

Vancouver’s waterfront neighbourhood of Yaletown saw the average sale price in August of $746,000 or $728psf. This price was first achieved in January 2008, so buyers now have an opportunity to purchase condos at 2008 prices!

Listings sit at 221 and are trending down. The peak was Sept’08 at 600.

Sales sit at 47, down from 82 in June and days on the market were 49. Sales to active listings are 21%, down from 30% in June.

Most expensive sale in this Vancouver neighbourhood during 203 was at Kings Landing where the sub penthouse sold for $3.8M for 2700sf.

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Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3

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Buying or selling Vancouver real estate? 

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by Maggie Chandler Maggie Chandler No Comments

How is the Real Estate Market in Vancouver’s False Creek?

Vancouver’s waterfront neighbourhood of False creek is home to the Olympic Village which is ease of Cambie Street Bridge and will have about 16,000 people living in it when completed. Currently there are many new condo buildings under construction.

The older part of False Creek runs from the east side of Burrard Bridge to Cambie Bridge.

How is the market in this Vancouver waterfront neighbourhood? The average sale price is $452,000 in August, which is equal to Mar’06.

Listings sit at 138 which is equal to Jun’10. There were 14 sales in August, resulting in a listing to sales ratio of oly 10% – a strong buyers market and taking an average of 40 days to sell.

The price range between $600,000 and $750,000 is performing the best.

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Have a stat or question about False Creek real estate? Put Maggie Chandler’s  hyper-local experience to work for you! 604-328-0077

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by Maggie Chandler Maggie Chandler No Comments

How is the Real Estate Market in Vancouver’s West End?

Vancouver’s historic waterfront neighbourhood of the West End saw the average sale price for real estate sales in August at $780,000 or $680psf, which was first reached in Nov’09.

Listings are decreasing since April – 173 – and equal to Dec’12.

West end condo sales in August were 52 and have been in an uptrend since January. Sellers moved an average of 4% off list price. Sales to active ratio was 30%, up from 10% in January. Average days on market was 62.

The most expensive West End sale in 2013 was the Penthouse at the Lions which sold for $2.8M for 2600sf.

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Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3

Search for Vancouver real estate listings

Buying or selling Vancouver real estate? 

Put Maggie Chandler’s hyper-local  experience to work for you! I am your Vancouver real estate Realtor! 604-328-0077

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by Maggie Chandler Maggie Chandler No Comments

How is Vancouver’s Downtown Real Estate Market?

Vancouver’s Downtown real estate market in August saw the average sale price at $577,000 or $654psf, which is equal to Sept’12 and that was an all time high. Currently 373 listings and they’re trending down, having peaked in Jun’10 at 700.

August sales were 79, down from the peak in Jul’09 which was 157. Average days on maket was 34.

Sales to active listings was 21% and sellers moved an average of 3 1/2% off list price.

A well balanced market!

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Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3

Search for Vancouver real estate listings

Buying or selling Vancouver real estate? 

Put Maggie Chandler’s hyper-local  experience to work for you! I am your Vancouver real estate Realtor! 604-328-0077

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by Maggie Chandler Maggie Chandler No Comments

How is the Real Estate Market in Vancouver’s Kitsilano?

Vancouver’s Kitsilano average sale price was $705,000 in August, which is back to April 2011 levels. It peaked in May 2012 at $726,000 and bottomed at the end of 2008 at $545,000.

The major rise in prices has been due to the rise in house prices which sat at $1,039,000 in Jan’07 and is now $1,505,000 which is equal to Apr’11, a rise of 14% over the last year.

Kitsilano townhomes sit at $671,000 which is equal to Dec’10 levels and are up 5.5% over the last year.

Kitsilano condos clocked in at $396,000, equal to Sept’09 and down 4.5% over the last year.

Total listings are declining and sit at 255, down from 363 in June 2012. average days on maket is 48.

Currently Kits townhomes over $M are performing the best and condos between $600k and $1.1M are performing the best.

A well balanced market in this Vancouver waterfront neighborhood.

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Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3

Search for Vancouver real estate listings

Buying or selling Kitsilano real estate? 

Put Maggie Chandler’s hyper-local  experience to work for you! I am your Vancouver real estate Realtor! 604-328-0077

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by Maggie Chandler Maggie Chandler No Comments

1103-1680 Bayshore Drive – Coal Harbour’s Screeching Deal!

classicoSeize the opportunity! Price reduced to $898,000 for 1130sf two bedroom and den n.w. corner condo with stunning water and mountain views and situated steps to the waterfront in Vancouver’s luxurious neighbourhood of Coal Harbour.  Includes two parking spots and a storage locker, as well as large insuite storage. This condo building has a 24 hour concierge, a gym and lots of visitor parking.

Why is This Coal Harbour Condo a Screeching Deal?

At only $796psf for a corner condo with waterviews! The suite above it sold a year ago for $1.146.000 which is $1014psf.  Seize this deal! Call today for a showing. Stainless steel appliances, hardwood floors and beautiful cross drafts or turn on the air conditioning. Read more

by Maggie Chandler Maggie Chandler No Comments

Tips on Buying a Vancouver Co-op

4647415-money-pile-100-dollar-billsThinking of buying a Vancouver co-op? Most of the co-ops are in the West End, mostly west of Denman. A handful are in Kits, Fairview and Kerrisdale.

The majority of Vancouver condos are strata title and the owners own a share of the land.

However, prior to a Strata Title Act being passed in Vancouver the only way to own an apartment was to form a private company and the purchaser acquires an equity interest in the co-op itself. Instead of buying a portion of the land and building you buy shares in the co-op, which usually owns the land and building, and the right to occupy a specific suite. Each unit has a specific number of shares allocated to it. Read more

by Maggie Chandler Maggie Chandler No Comments

BC Housing Sales Continue an Uptrend

BC housing sales in 2013 continue an uptrend, having turned down in 2012 as buyers lock in mortgages at low rates.

BCREA’s Chief Economist Cameron Muir predict rates to rise by 50 bases point higher a year from now.

YTD BC’s residential sales volume is up 1.5%

Buying or selling? Put Maggie’s hyper-local experience to work for you!

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by Maggie Chandler Maggie Chandler No Comments

Changes Coming to Vancouver Condo Parking Stalls and Storage Lockers

auto_red_ferrari_218917Vancouver condo buyers and sellers should be aware of condo parking stall changes as of January 1, 2004. Strata Corporations will be required to identify how parking and storage lockers are allocated to strata lots on the Form B which is provided by the condo building’s property manager. You will still need to review the parking on the strata plan.

What is the Vancouver Condo Parking Stall and Storage Locker Designation?

Parking stalls and storage lockers are either designated as part of the strata lot common property. If it’s the latter they are usually under the control of the strata corporation, which has the right to change your parking stall. If it’s part of the strata lot or limited common property then the owner has exclusive use of the stall or locker. Read more

by Maggie Chandler Maggie Chandler No Comments

Which Vancouver Neighbourhood Has the Best Real Estate Deals?

7651615-question-markBuyers often ask me which Vancouver neighbourhood has the best real estate deals because price is the top of their priority list. So let’s take a look at the average sale price as of August 31, 2013 and the change in price over the last year. Take into consideration that if a condo over $3M sells in Vancouver’s Shangri-La building then the average price is skewed for that month. Read more

by Maggie Chandler Maggie Chandler No Comments

How is East Vancouver’s Real Estate Market?

untitledGreater Vancouver real estate prices have corrected over the last year but some neighbourhoods are experiencing a rise in prices. So how is East Vancouver’s real estate market? Let’s look at prices, listings, sales and the sales to active ratio. House prices sit at $944,843 which is up 4.5% from a year ago and equal to equal to the peak in Mar’12.

East Vancouver townhome average sale price is $577,615, down 8.7% from a year ago and equal to Feb’10. East Vancouver condos average sale price is $341,847 which is 1.2% less than a year ago and equal to Oct’09. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Prices Hold Firm in August As Sales and Listings Decline

stock-photo-20910511-swimming-pool-of-luxury-homeVancouver(west side) real estate prices hold firm in August as sales and listings decline. There were ten house sales over $5M, including one over $15M, keeping  up the average sale price at $2,769,624, only 0.5% less than a year ago. Townhomes increased  to $1,04,513, up 6.1% from a year ago and condos sat at $657,201 up 3.7% from a year ago.  As usual there are more Vancouver condos selling than houses and townhomes. Read more

by Maggie Chandler Maggie Chandler No Comments

Greater Vancouver Sales and Listings Drop in August But Prices Rise

stock-illustration-7589091-real-estate-womanGreater Vancouver real estate sales and listings drop in August but prices rise.  Sales were 52% higher than a year ago but 14.7% lower than July and remained slightly below the ten year average for the month.

House sales rose by 69% from a year ago, townhomes rose 48% and condos increased 40%.

Why Are Greater Vancouver Listings Dropping?

Greater Vancouver total listings decreased 8.8% compared to a year ago and were 3.6% lower than July.

Greater Vancouver real estate sales to active ratio sits at 15.7%. Sellers have come to grips with the reality that prices are lower than what they want, so they are removing their properties from the market. Read more

by Maggie Chandler Maggie Chandler No Comments

Have Kitsilano Real Estate Prices for Townhomes or Half Duplexes Dropped the Most ?

IMG_2018Kitsilano homeowners often tell me they’d like to buy a towhome or half duplex, rather than a condo, because it is more like living in a house. Due to the big increase in Kitsilano house prices over the last five years, townhomes have become ever more popular for those who wish to stay in this wonderful Vancouver waterfront neighbourhood. As well, Baby Boomers are trading down from houses to townhouses or half  duplexes. So lets see if Kitsilano real estate prices for townhomes or half duplexes have dropped.
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