Vancouver Real Estate Analysis for West End, June 2009

August 30th, 2009 Categories: West End

Vancouver real estate in the West End saw July listings drop to 164, having reached a record high of 281 in November. Sales peaked in May at 88 and dropped to 75 in July. The days on the market for condos that sold dropped to 43, the lowest for the year. The average selling price was $449,000. 75% of the sales were under $500,00 and only 3.5% were over $1M. The list price to sale price ratio increased to 98%, the highest for the year. The West End inventory dropped again to just only 2.1 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is down slightly to $560, compared to $471 in November. The market under $500,000 has the most demand but $500-$1M doing better. In February it was the market under $300,000 that was selling the best. We shall see what Fall brings.

Listings – 164. 25 listed under $300,000 (including 5 under $200,000). 51 listed between $300,000 and $400,000. 25 listed between $400,000 and $500,000. 35 listed between $500,000 and $1M. 20 listed between $1M & $2M. 13 listed between $2M

Least expensive -$189,00 for a leasehold studio

Most expensive – $5,888,000 for 4500 sq-ft in Shangri-la. View it

Supply - 2 months

2008 Listings - Jan 168, Feb 172 , Apr 232 , May 241 , June 235, July 235, Aug 246, Sept 257, Oct 268, Nov 281, Dec 242

2009 Listings – Jan 253, Feb 274, Mar 254, Apr 228, May 201, Jun 185, Jul 164

2008 Sales – Jan 57, Feb 53, Mar 42, Apr 45, May 38, June 29, Jul 25, Aug 25, Sept 29, Oct 16, Nov 15, Dec 21

2009 Sales – Jan 26, Feb 34, Mar 56, Apr 73, May 88, Jun 84, Jul 75

Sales 75. Two sold under $200,000. 15 sold between $200,000 and $300,000. 21 sold between $300,000 and $400,000. 19 sold between $400,000 and $500,000. 15 between $500K and $1M. 3 sold between $1M and $2M . Only 3.5% selling over $1M. 75% selling under $500,000

Least expensive - $185000 for a 99 year leasehold studio

Most expensive - 1400 sq ft for $1,400,000 in Shangri-la, a 50% increase from the pre-sale price

2008 Average Days on Market – July 51, Aug 57, Sept 65, Oct 45, Nov 48, Dec 53

2009 Average Days on Market – Jan 69, Feb 44, Mar 67, Apr 51, May 49, Jun 49, Jul 43

2008 Average Sale Price – Jan $592,298. Aug $392,000 Sept $447,834, Oct $370,468, Nov $375,433, Dec $407,357

2009 Average Sale Price – Jan $447,226, Feb $477,545, Mar $443,480, Apr $521,593, May $482,585, Jun $482,017, Jul $449,000

In Dec’07 the average sale price was $541,000 in Dec’05 it was $333,000. In Dec ‘06 it was $414,000.

2008 Average Selling Price $ pr sq ft - Dec $512, Nov $478, Oct $505 Sept $526, Jul $556, Jun $553, May $544,

2009 Average Selling Price $ pr sq ft – Jan $528, Feb $525, Mar $526, Apr $558, May $541, Jun $567, Jul $560

2008 List Price to Sale Price Ratio - Dec 93% ,Nov 93% , Oct 95%

2009 List Price to Sale Price Ratio – Jan 94%, Feb 94%, Mar 94%, Apr 96%, May 96%, Jun 97%, Jul 98%

When you’re ready to buy or sell West End or Vancouver real estate, contact Maggie, an experienced realtor, marketing Vancouver homes since 1981

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This entry was posted on Sunday, August 30th, 2009 at 9:00 am and is filed under West End. 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.