Archive for the 'Downtown' Category
Vancouver Real Estate Analysis for Downtown
August 17th, 2010 Categories: Downtown, Market Data, Neighbourhoods, Real Estate
Vancouver’s Downtown real estate analysis in July saw listings drop but still considerably higher than what they were a year ago and lower than Jul’08. Condos that didn’t sell and got delisted are the highest for the year. Sales were down to 102, the second worse month for the year after Feb but higher than Jul’08. Average days on the market up to 48. Average sale price down to $450,000 and average $psf $614, equal to Feb’08 and Aug’09 . Sale price to list price ratio flat at 97%. Supply up to 7 months, highest for the year. $300,000 to $400,000 selling the best. Downtown remains a good buyer’s market. Read the rest of this entry »
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Vancouver Real Estate Analysis for Downtown
July 25th, 2010 Categories: Downtown, Real Estate
Vancouver’s Downtown real estate analysis in June saw listings drop but still nearly double what they were a year ago. Sales were down to 121, the second worse month for the year after Feb. Average days on the market jumped to 40 and the listings that didnt sell and came off the market were the highest for the year. Average sale price $463,000 and average $psf $629 . Sale price to list price ratio down to 97%. Supply down to 6.2 months and equal to Feb’09. $400000 to $500,000 selling the best. Downtown remains a good buyer’s market. Read the rest of this entry »
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Vancouver Downtown Real Estatate Analysis
June 17th, 2010 Categories: Downtown, Market Data, Real Estate
Vancouver’s Downtown real estate analysis in May saw listings up again and higher than any month since Jan 2008 and double what they were a year ago! Sales were less than in April but higher than May’09 and the second worst month of this year after February. The hottest price range was $300,000-$400,000 and the slowest was between $700k & $1M. A big jump in the listings over $1M. Average days on the market steady at 33, and average $psf down to $617 and the second lowest for the year, after February and equal to Sept’09 and Feb’08. Sale price to list price ratio steady at 98%. Supply up to 6.5 months and the highest since Jan’09. Now a good buyer’s market.
Listings Inventory - 866. 494 listings under $500,000 (including 51 under $300,000) 238 between $500K and $700k. 76 listings between $700K and $1M. 39 listed between $1M and $2M (up from 3 last month) and 19 listed over $2M. An increase in all categories except between $700k & $1M and over $2M. Read the rest of this entry »
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Vancouver Downtown Real Estate Analysis
May 21st, 2010 Categories: Downtown, Market Data
Vancouver’s Downtown real estate analysis in April saw listings up again and higher than any month since Jan 2008 and double what they were a year ago! Sales increased by 10 units over March, making it the second best month for sales since Jan’08. The hottest price range was $300,000-$400,000. Condos over $700,000 in a very soft market. Average days on the market down to 33, and average $psf up again to $649. Sale price to list price ratio steady at 98%. Supply steady at 5 months.
Listings Inventory - 841. 445 listings under $500,000 (including 40 under $300,000) 255 between $500K and $700k. 79 listings between $700K and $1M. 3 listed between $1M and $2M and 19 listed over $2M. Read the rest of this entry »
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Vancouver Downtown Real Estate Analysis
April 22nd, 2010 Categories: Downtown, Market Data
Vancouver’s Downtown real estate analysis in March saw listings spike up slightly and comparable to summer/fall 2008 but sales almost doubled, making it the best month for the past year except for October. The market under $500,000 selling the best. Average days on the market steady at 37, and average $psf up slightly to $627. Sale price to list price ratio steady at 98%. 5 months supply, which is higher than a year ago
Listings Inventory - 791. 418 listings under $500,000. 242 between $500K and $700k. 1 listings between $700K and $1M. 214 condos listed between $500K and $700K. 74 listed between $700,000 and $1M. 58 listed between $700k and $1M, 46 listed between $1M and $2M and 19 listed over $2M Read the rest of this entry »
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Vancouver’s Cecil Hotel Turns into a Condo
April 3rd, 2010 Categories: Downtown, New Developments, Real Estate
Rize Alliance Properties purchased the Cecil and Yale Hotels and the project will be pre-selling after the Easter weekend and has been named the Rolston.
The 120 year old Yale Hotel will be renovated and the former owner Waide Luciak has agreed to spend an undisclosed amount to buy back commercial space at the hotel that houses the renowned blues bar. Read the rest of this entry »
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Vancouver Downtown Real Estate Analysis
March 21st, 2010 Categories: Downtown, Market Data, Real Estate
Vancouver’s Downtown real estate analysis in Febuary saw listings down slightly and similar to a year ago.. As expected sales dropped (due to the Olympics) by 55% but was similar to a year ago. The market under $500,000 selling the best. Average days on the market steady at 35, and average $psf down slightly to $606. Sale price to list price ratio steady at 98%. Now over 6 months supply, which doubled from January due to the drop in sales. We shall see what March brings.
Listings -510. Least expensive $259,000 for a small studio. Most expensive is The Penthouse at Grace, $12,650 for nearly 5000 sf Read the rest of this entry »
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Vancouver Downtown Real Estate Analysis
February 13th, 2010 Categories: Downtown, Market Data
Vancouver’s Downtown real estate analysis in January saw listings flat at 546, equal to a year ago and more than Jan’08. Sales spiked 40% to 141, resulting in less than 4 months supply. The market under $500,000 selling the best and an increase in sales over $1M. Average days on the market increased to 36, and average $psf flat at $623. Condos that “expired” and didn’t sell dropped to 37 from 76 in December and 78 in Jan’09. A healthy start to the new year.
Listings -546. Least expensive $198000 for a small studio. Most expensive -$6.6M for 3500 sqft in Residences on Georgia Sub-Penthouse. Read the rest of this entry »
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Vancouver Downtown Building Heights Rejected by City Hall
January 26th, 2010 Categories: Downtown, Real Estate
Today Vancouver’s City Council rejected the staff report which proposed four sites in Downtown Vancouver be redeveloped into condo buildings over 40 storeys.
Instead they will allow two fifteen storey buildings in the Victory Square neighbourhood and some others in Chinatown South.
view my recent post on the topic Read the rest of this entry »
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City of Vancouver Reviewing Downtown Building Heights
January 25th, 2010 Categories: Downtown, Real Estate
Currently on the table at City Hall are two staff reports pertaining to 1) the future of the city’s 27 view corridors and whether they should be retained. The second pertains to the Historic Area Height Review (Gastown, Victory square, Chinatown and Main/Hastings).
Brent Toderian, Chief City Planner, reports that in recent years many buildings have been permitted to intrude into the view corridor space, breaking the promise of Eco-Density and allowing developers to have exceptions. Read the rest of this entry »
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