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Month: August 2015

by Maggie Chandler Maggie Chandler No Comments

How’s the Condo Market in Vancouver’s Fairview?

V1112397_101_12How’s the Condo Market in Vancouver’s Fairview? In January 2005 the average sale price of a Fairview condo was $305,000. In July 2015 it sits at $659,000, equal to July 2013. The average price pr sq ft is $618.

Fairview condo sales are back to Jan’12 levels and are up 13% over the last year but still remain lower than the peak in May 2010. Average days on the market is 34, down 26% from a year ago. Dollar volume is up 17% over the last year but remains below the peak which was in June 2010. Sellers move an average of 2% off list price. Read more

by Maggie Chandler Maggie Chandler No Comments

What’s the State of Vancouver’s Yaletown Condo Market?

Vancouver waterfront condosWhat’s the State of Vancouver’s Yaletown Condo Market? Property listings have been on a downward trend since the peak in May 2009. Currently 161 listings in this Vancouver waterfront neighbourhood which lies south of Pacific Avenue to the waterfront in False Creek and boasts the prestigous address of Marinaside Crescent.

Yaletown sales have risen 33% over the last year but sit below the peak which was in May 2006 with 133 sales per month. July 2015 sales were 73. Sales of one bedroom and two bedroom condos are even but two bedrooms have increased 28% over the last year, vs 15% for one bedrooms. Average price pr sq ft is $779. Read more

by Maggie Chandler Maggie Chandler No Comments

How Is the Real Estate Market in Vancouver’s Coal Harbour?

may'12 056 (Copy)How Is the Real Estate Market in Vancouver’s Coal Harbour? Sales are up 25% over the last year and are now equal to August 2011 levels. July sales clocked in at 34 , having peaked in March and have been on the decline since.

Coal Harbour property listings currently sit at 103, down from the peak of 307 in June 2010 – the Olympics Year. Sales to active ratio has climbed to 33%. Average days on market is 32 and sellers move an average of 3% off List Price. The dollar volume has dropped 10% from a year ago and is equal of Spring 2011. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver’s Downtown Condo Listings Slide to July 2008 Levels

may'12 009 (Copy)Vancouver’s Downtown Condo Listings Back to July 2008 Levels and are down 10% over the last year, whilst sales have jumped 24% over the last year and are equal to January 2008 levels. The sales to listings ratio is 28%, with sellers moving an average of 2% off list price. Average days on the market is 20, down from 39 in June 2013. Average price pr sq ft is $693, up from $371 in January 2005. Sales dollar volume is at an all time high  $743,882,583. Read more

by Maggie Chandler Maggie Chandler No Comments

Why Are Olympic Village One Bedroom Condos Performing the Best?

IMG_2043Why Are Olympic Village One Bedroom Condos Performing the Best? The south east side of False Creek is becoming more popular all the time, both with condo buyers and with renters as this new neighbourhood is nearly completion.

Why Are False Creek one bedroom condos outperforming two and three bedroom condos?

Why? Affordability! Also, one bedrooms are the best return on investment if you’re purchasing real estate for investment. One bedrooms rents are $280psf and up. Read more

by Maggie Chandler Maggie Chandler No Comments

What’s the State of Vancouver’s West End Market?

SANYO DIGITAL CAMERAWhat’s the State of Vancouver’s West End Market? Very good! The West End  average sale price for resale condos is currently $696,000. It was $520,000 in January 2014.  The average sale price is $729psf and average days on market is only 25. The sales to active ratio is a whopping 71%,clearly favouring sellers who move about 2% off list price.

How Many West End Condos Are For Sale?

Only 156 current listings, which is the same as January 2010, which had rock bottom inventory. Definitely a good time for sellers but if you’re planning to buy again in the same neighbourhood you’ll need to be patient in order to find the right home. Perhaps consider buying and then selling, but make sure the bank will give you bridge financing. Read more

by Maggie Chandler Maggie Chandler No Comments

SOLD! 1820 Woodland – Why Are Young Vancouver Townhome Buyers Heading East?

SANYO DIGITAL CAMERASOLD! 1820 Woodland – Why Are Young Vancouver Townhome Buyers Heading East? Because East Vancouver’s real estate is more affordable! My clients search extensively in Downtown and Kitsilano for a townhome, or preferably a half duplex and were faced with multiple offers, maxed out on their price or having to settle for less.

How Much Less Expensive is Grandview than Kitsilano?

Currently the average sale price of a new townhome in kits is $970,000 vs $674,00 in Grandview. Read more

by Maggie Chandler Maggie Chandler No Comments

What’s The State of East Vancouver’s Property Market?

9454799-heritage-apartment-buildingWhat’s the State of East Vancouver’s Property Market ? Healthy! Sales to active ratio is a whopping 71% for townhomes, 45% for condos and 40% for detached.

Average sale price for houses broke $1M in May 2014 and were flatish until Nov’14, then they started to climb and are currently at $1.295.000, up 24% over the last year.  East Vancouver Townhomes have climbed 3.5% over the last year and condos 3.8%. Read more

by Maggie Chandler Maggie Chandler No Comments

Are Vancouver’s West Side House Prices Ready for a Correction?

casa miaAre Vancouver’s West Side House Prices Ready for a Correction? By now most of us know that the most expensive type of Vancouver real estate is houses, which are diminishing in numbers as the City of Vancouver rezones many areas to townhomes and condos. As well, over the last decade the demand from Mainland China has increased, hence prices have climbed from $1.8M to $3.4M in the last five years – just about doubling.

In fact, in June 2005 the average sale price was slightly over $1M, so prices have more than tripled in ten years. Prior to the influx of Mainland Chinese Vancouver’s house prices would take ten years to double. Read more

by Maggie Chandler Maggie Chandler No Comments

Greater Vancouver Homes Sales in July Allright Allright Allright!

FullSizeRenderGreater Vancouver Homes Sales in July Allright Allright Allright! Real estate sales last month were more than one third above the 10 year average for the month of July but 9% lower than June 2015.

House sales were up 18% from a year ago. Townhome sales were up 30% and Condo sales increased a whopping 43% from July 2014, totalling 1726 sales for the month.

Greater Vancouver property listings trended downwards, 26% lower than a year ago and 5.5% less than June. New listings were up 3.8% compared to a year ago. Read more

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