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Month: May 2014

by Maggie Chandler Maggie Chandler No Comments

SOLD! 304-1633 Ontario in Vancouver’s Olympic Village on the False Creek Waterfront

V1062443_901_94Listed  at $448,000 on May 5th, then reduced to $439,000 ten days later, then reduced again to $409,000 a week later and bingo a buyer writes an accepted offer and takes over the tenant.

This smart 580sf one bedroom and flex space in Kayak faces east and will overlook the future park. It also has 9ft ceilings, an awesome gym, access to Medallion Pool and concierge.

SOLD! 304-1633 Ontario in Vancouver’s Olympic Village on the False Creek waterfront

Which is your favourite  Olympic Village condo building? Kayak North, Kayak East, Sails, Kayak South, Compass, Brook, Bridge West, Bridge North, Canada House West, Canada House East, Shoreline? Read more

by Maggie Chandler Maggie Chandler No Comments

How Is Vancouver’s False Creek Real Estate Market?

IMG_2043How Are Vancouver’s False Creek Real Estate Prices? Rollercoastering like other Vancouver neighbourhoods. Current average sale price is $633,000 . This price was first reached in September 2007. In April sales hit 31 for the month, which is close to the peak in March 2011 when sales were 34.

However, listings sit at 136, close to the peak of 158 in November 2012. MLS listings will also include pre-sale condos, of which there are still a lot in this Vancouver waterfront neighbourhood. Sales to active listings ratio is flat at 25% which is in sellers territory and sellers only moved 3% off list.

Currently here is a good selection of pre-sale and resale condos in False Crreek, so buyers can find exactly what they’re looking for. This wonderful Vancouvr waterfront neighbourhood will have 16,000 people living in it when completed. But due to the large amount of new inventory I do not see prices rising any time soon. However, longer term they’ll do well. Read more

by Maggie Chandler Maggie Chandler No Comments

How Are Condo Prices in Vancouver’s Waterfront Neighbourhood of Coal Harbour

V600392_101_73Finally, Coal Harbour prices have been trending up since February and are on par with Oct’11 average sale price. As well, sales have been trending upwards since October last year, when they sat at 11 for the month, versus 26 in April but down from the peak of 63 in May 2006.

Total inventory sits at 172, also down from the peak of 308 in May 2010. Do you remember the huge surge in listings after the Vancouver Olympics?

Sales to active listings ratio is 15%, still favouring buyer and sellers moved an average of 4% off list price, with only 34 days to sell a condo. How are condo prices in Vancouver’s waterfront neighbourhood of Coal Harbour? Improving! Read more

by Maggie Chandler Maggie Chandler No Comments

SOLD In Two Weeks! 2802-193 Aquarius Mews in Vancouver’s Yaletown

wf4SOLD in two weeks! 2802-193 Aquarius Mews in Vancouver’s Yaletown is a perfect location, steps to the waterfront and has all the conveniences of a neighbourhood at your doorstep, including the Skytrain Station. Listed at $638,000 for 800sf and rented for $2150.00 per month.

The 02 suites are seldom available, probably because they are facing south with lovely water views.

I had a very busy open house just after the suite was posted on MLS and we received an offer, which was accepted. The seller didn’t counter. But, the buyer came back to us a couple of days later and said they wished to reduce the price by 5%. Seller of course said no. So, a week later we get another offer which was accepted and that one closed. Read more

by Maggie Chandler Maggie Chandler No Comments

What’s Ahead for British Columbia’s Economy?

imagesCACS38HEAs a Vancouver Realtor I am always watching the BC economy, because the two are siblings! So what’s ahead for British Columbia’s economy? The most recent CMHC release says the economy will grow at a faster pace this year and into 2015 than it did in 2013.

What’s fuelling the growth? Business investment and increased exports due to stronger US demand for our commodities. View the report Read more

by Maggie Chandler Maggie Chandler No Comments

When Will Vancouver’s Yaletown Condo Prices Increase Again?

wf4Vancouver’s condo prices haven’t experienced a bubble burst, instead they’ve remain flat. CurrentlyYaletown listings are at an all time low, with the rolling 12 month average at 239 condos for sale, down from a peak of 512 in April 2009. Yaletown condo sales in April were 60, down from the peak in May’06 at 133.

Sales to active ratio sits at a healthy 27% and average days on the market were only 16 in April.

Condos in this desirable Vancouver waterfront neighbourhood average sale price is currently $707,000. It peaked in Jan’11 at $978,000 and now sits at the same level as Oct’07. So when will Vancouver’s Yaletown condo prices increase again? Read more

by Maggie Chandler Maggie Chandler No Comments

Is Vancouver Real Estate a Recession Proof Market due to Foreign Students?

4647415-money-pile-100-dollar-billsIs Vancouver Real Estate a Recession Proof Market due to Foreign Students?  According to the Wall Street Journal, Canada is becoming the world’s third most popular destination for international students, after the US and UK. Did you know that foreign students in Canada spent $8 Billion in tuition in 2010?

After real estate, Asian parents spend the most money on educating their kids and Vancouver is a preferred destination for students from China, Hong Kong, South Korea, Japan and Latin America. As well many Middle Eastern students are choosing Canada for safety reasons and whose got the best climate?! Read more

by Maggie Chandler Maggie Chandler No Comments

PRICE SLASHED FOR FAST SALE! 304-1633 Ontario St. in Vancouver’s Olympic Village

V1062443_901_94Sellers loss, your gain!! PRICE SLASHED FOR FAST SALE! 304-1633 Ontario St. in Vancouver’s Olympic Village.

Now $409,000 for a smart one bedroom and flex space in Kayak, boasting wood floors, stainless steel appliances, overlooking the future park and boasting a large balcony.

This False Creek condo building is luxurious, featuring a concierge , a huge gym and use of the Gold Medal club which features an indoor pool, sauna and steam.

Fantastic location – one block to False Creek Community Centre and the seawall. A wonderful neighbourhood with lots of amenities, including easy access to Skytrain, shops, etc. Read more

by Maggie Chandler Maggie Chandler No Comments

How’s Vancouver’s West End Real Estate Market?

IMG_2029How’s Vancouver’s West End real estate market?  Better than a year ago! Condo prices are stable, sales are 35% higher and listings are 21% lower, clocking in with a 25% sales to active ratio, up from 10% a year ago. View the graph

What is the Percentage of Original Price?

West End condo sellers only moved an average of 3% off list price .

What was the Median Sales Price for West End Condos in 2005?

West End condos sold for $288,000 in January 2005 and now sit at $440,000. Read more

by Maggie Chandler Maggie Chandler No Comments

Listed! 2306-838 W.Hastings Street in Vancouver’s Downtown Business District

untitledWhat makes Bosa’s Jameson House special? Many things! First of all it is located in Vancouver’s Downtown business district and is surrounded by many beautiful heritage buildings. This condo on 23rd floor faces north-west and has great ocean and mountain views. The finishings are luxuriously exquisite, featuring Dada Cucina of Italy and Gaggeneau appliances.

Vancouver’s Jameson House has Canada’s first auto valet parking and two parking stalls.  24 hour concierge and a bike room. The common facilities include a fully equipped business meeting room. Read more

by Maggie Chandler Maggie Chandler No Comments

How Is Vancouver’s Kitsilano Real Estate Market?

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vancouver’s kitsilano waterfront

How is Vancouver’s Kitsilano real estate market? Compared to a year ago, the average sale price of a Kits house is a whopping $2.575.000, condos are $467,000 and townhomes are $746,000. Only the latter is lower than a year ago. Average days on the market is only 18 and sales to active ratio is a healthy 24%.

Kitsilano Listings in all categories are lower than a year ago. Total dollar volume bottomed in December and has been climbing since.

What is the Percentage of Original Price?

Sellers only moved 1% off list price for houses, 2% for condos and 6% for townhomes.

What was the Average Sales Price for Kits Properties in 2005?

Kits houses sold for $690,000, townhomes sold for $ 430,000 and condos sold for $290,000. Houses sure seem out of whack.

What’s Selling Best in Kits Condos?

Kits condo sales for the first quarter of 2014 are equal to a year ago. Which is the best selling price range for the first quarter?

  • under $300,000 -13
  • $3000,000-$400,000 -44
  • $400,00-$500,000 -30
  • $500,000-$600,000 -25
  • $600,000 -$700,000 -10
  • over $700,000 – 8
  • Most expensive  – $969,00 in Killarney Manor at 2890 Pt Grey Road
  • Lease expensive – $225,00 for a one bedroom in a 43-year-old building
  • 71 of the 129 sales were one bedrooms

My Area of Expertise:

  • Second Home Property buyers or sellers
  • Tenant Occupied Property buyers or sellers
  • Downsizing or trade up sellers
  • New Home Buyers
  • First time buyers

 Why Hire Maggie Chandler as your Vancouver Realtor?

  • I am a full-time Professional and offer a high calibre service
  • You can count on my decades of hyper-local knowledge and experience
  • I’ve marketed and sold over 1,000 properties in Vancouver
  • I understand the real estate in Vancouver’s waterfront neighbourhoods, its history and its evolution
  • I know Vancouver Penthouses, waterfront condos, townhomes, heritage condos, lofts and luxury real estate
  • Call me for a market analysis!
  • Let me help you find  the right home or investment property!
  • Contact me to learn more about Vancouver’s waterfront neighbourhoods
  • Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J

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by Maggie Chandler Maggie Chandler No Comments

Vancouver’s Coal Harbour Real Estate Market Looking All right, All right, All right!

classicoVancouver’s Coal Harbour condo prices looking all right, all right, all right!  April’s average sale price has climbed to $1,661,127, from a low of $759,000 in January’13. Prices definitely haven’t doubled in a year but the more expensive condos are selling again.

Days on the market are down to 34, from a peak of 91 in August 2010. The sales to active ratio now sits at 15, up from a low of only 4 in Feb’13. Read more

by Maggie Chandler Maggie Chandler No Comments

SOLD With Multiple Offers! 403-1238 Homer in Vancouver’s Yaletown

9454799-heritage-apartment-buildingThere are only a handful of Yaletown heritage buildings – Homer, Mainland, Hamilton and Beatty.  Some are the original buildings that have been converted into condos or offices and some are new but built in the old warehouse style. SOLD With Multiple Offers! 403-1238 Homer in Vancouver’s Yaletown

1238 Homer was built in 1998  in the old warehouse style with wooden beams and floors and floor to ceiling rounded windows. This 850sf one bedroom is very spacious . The building has 30 suites and underground parking. Set in the heart of Yaletown with everything at your doorstep, including David Lam Park and the waterfront on False Creek Read more

by Maggie Chandler Maggie Chandler No Comments

East Vancouver Average House Sale Price falls back to March 2012 Levels

ChrysanthemumEast Vancouver average sale price falls back to March 2012 levels – $915,000, up from $416,000 in Jan’05.

Condos average sale price sit at $340,000, up from $178,000 in Jan’05 and townhomes sit at $582,000, up from $289,000.

What next for East Van? Will property prices take a breather?

How Are East Vancouver Sales Compared to 2005?

East Van house sales hit a peak in April  2005 at 310 sales for the month. April this year saw 183 sales,  up 33% from a year ago. Read more

by Maggie Chandler Maggie Chandler No Comments

Why Vancouver West Condo Prices and Sales Are Outperforming Houses and Townhomes

15012WhyVancouver West Condo Prices and Sales Are Outperforming Houses and Townhomes over the last year. It’s all about affordability. With the average price of a Vancouver west side house sitting at $2.7M, and a  townhome at $814,000, the only option for many real estate buyers is a condo at $637,000.

Over the last year houses have risen 6.9%, townhomes are down 2.1% and condos have risen 11.2%.

In January 2005 the average sale price of a west side house was $938,000, a townhome was $438,000 and a condo was $348,000. Then along came the Mainland Chinese. As houses and townhomes are now out of the reach of many Canadians, expect more condo buyers. Read more

by Maggie Chandler Maggie Chandler No Comments

Which Are the Most Expensive Condos in Vancouver’s Waterfront Neighbourhoods?

wf4Which are the most expensive condos in Vancouver’s waterfront neighbourhoods and how do they compare? Based on MLS sales for 2014. The most expensive real estate is, of course, the condos on the waterfront and on the front of the building and on high floors.

Coal Harbour

  • Most expensive sale $5.9M for 3600sf at Two Harbour Green (1139 W. Cordova)
  • Most expensive listing is the Penthouse at Three Harbour Green (277 Thurlow) which is 8,000sf listed at $22,300. Read more

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