Coal Harbour Stats March 2008

April 11th, 2008 Categories: Coal Harbour

179 LISTINGS (up from 128 in January, 148 in March)

The least expensive l bedrooms is $333,000 at 555 Jervis for 484 sqft
The least expensive 2 bedroom is at 1239 W. Georgia 816sq.ft. listed at $569,000.

The most expensive listing is at the Shaw Tower $19,800,000 for 7500 sq.ft.

92 listed under $1 million, 61 listed between $1M and $2M and 4 over $5M

40 have had a List Price reduction, 3 a Price Increase

22 SALES ( 14 in January, 33 in February)

Lowest sold was for $335,000 for a studio 420 sq.ft.

Highest sold was over $6,500,000 for 4000 sq ft on the Waterfront

Average Days on Market: 39 (vs. 67 in Jan, 44 in Feb)

Average Price $1,422,491 vs. $950,00 Mar’07 (Jan $966,806, Feb $974,329)

Average Price Pr Sq Ft $898

13 sold under $1 million (vs. 16 in Feb) and 9 over $1 million (vs. 3 in Feb)

4 had list price reduced. 2 sold at list price (vs. 4 in Feb) and 2 over list price (same in Feb)

2007 SALES

July - 28, Aug – 24, Sept - 14, Oct – 36 Nov -23 : Dec 14

Total for 2007: 393

2008 SALES

Jan 14, Feb 33, Mar 22

REFLECTIONS

Listings up, prices up, sales down but days on the market have decreased and fewer sales at or above List Price. More sales over $1M.

HAPPENINGS

West Pender Place at Pender and Broughton sold out

The Ritz Carlton is now pre-selling and 60% sold out. From $3.2M

Shangri-la Hotel/Condo due for completion Fall 2008. Suites from $4 million

Flatiron due for completion summer 2008

Have a Coal Harbour condo question? Call me 604-328-0077 or maggiechandler@telus.net

This entry was posted on Friday, April 11th, 2008 at 1:23 pm and is filed under Coal Harbour. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Vancouver’s Coal Harbour Market Analysis April 2008 » Vancouver Reflections - Shining the Light on Vancouver Real Estate - by Maggie Chandler said:

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# 13 May 2008 at 9:13 am

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# 15 May 2008 at 9:32 am