Archive for the 'West End' Category
Vancouver Real Estate Analysis for West End
December 31st, 2009 Categories: Real Estate, West End
Vancouver real estate in the West End saw October listings and sales down in November, resulting in less than 3 months of inventory. The days on the market for condos that sold dropped from 47 to 30. The average selling price dropped to $568,000 but is higher than any November in the last 5 years. The sales under $500,000 dropped from 75% to 51% and the $700,000 to $1M price range increased by 50%. The list price to sale price ratio is 99% . In February the market under $300,000 was selling the best -currently less than 10% of the sales. Read the rest of this entry »
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Vancouver Real Estate Analysis for West End
November 15th, 2009 Categories: Real Estate, West End
Vancouver real estate in the West End saw October listings down and sales flat, resulting in 2.6 months of inventory, same as September. The days on the market for condos that sold increased from 39 to 47. The average selling price dropped to $616,000 due to fewer condos selling over $1M. 75% of the sales remain under $500,000. The list price to sale price ratio flat at 98% and the highest for the year. In February the market under $300,000 was selling the best -currently only 15% of the sales which have been dropping since their peak in May. Affordability factor kicking in?
Listings – 157. 12 listed under $300,000 (including 1 under $200,000). 25 listed between $300,000 and $400,000. 20 listed between $400,000 and $500,000. 55 listed between $500,000 and $1M. 38 listed between $1M & $2M. 7 listed over $2M
Least expensive -$198,00 for a leasehold one bedroom Read the rest of this entry »
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Vancouver Real Estate Analysis for West End
October 20th, 2009 Categories: Real Estate, West End
Vancouver real estate in the West End saw September listings steady at 171 (equal to feb’08) and sales at 65 (less than the peak of 88 in June) resulting in 2.6 months of inventory, second lowest month for the year after July. The days on the market for condos that sold increased from 29 to 39. The average selling price jumped to nearly $700,000, distorted by a Shangri-la sale over $5M, which also distorted the sale price psf. 75% of the sales were under $500,000 and 14% were over $1M, up from 6.5% the month before. The list price to sale price ratio flat at 98% and the highest for the year, indicting little flexibility on the price from sellers. In February the market under $300,000 was selling the best -currently 20% of the solds. Overall a healthy market with more sales at the high end.
Listings – 171. 13 listed under $300,000 (including 2 under $200,000). 45 listed between $300,000 and $400,000. 33 listed between $400,000 and $500,000. 45 listed between $500,000 and $1M. 26 listed between $1M & $2M. 9 listed over $2M Read the rest of this entry »
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Vancouver Real Estate Analysis for West End, August 2009
September 20th, 2009 Categories: Real Estate, West End
Vancouver real estate in the West End saw August listings increase slightly to 169, having reached a record high of 281 last November. The days on the market for condos that sold dropped from 43 to 29, the lowest for the year. The average selling price up to $497,000. 71% of the sales were under $500,000 and 6.5% were over $1M, up from 3.5% last month. The list price to sale price ratio flat at 98% and the highest for the year, indicting little flexibility on the price from sellers. The West End inventory increased a tad to 2.7 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold increased to $578, which is the highest for the year. The market under $500,000 has the most demand but $500K $1M doing better with only 3 months inventory. In February it was the market under $300,000 that was selling the best. Over the summer both listings and sales have decreased. Usual summer lull or have we gone through the backlog of buyers who didn’t purchase last year?
Listings – 169. 20 listed under $300,000 (including 5 under $200,000). 48 listed between $300,000 and $400,000. 26 listed between $400,000 and $500,000. 36 listed between $500,000 and $1M. 24 listed between $1M & $2M. 10 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 Read the rest of this entry »
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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 Read the rest of this entry »
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Vancouver Real Estate Analysis for West End, July 2009
August 25th, 2009 Categories: West End
Compared to June, Vancouver real estate in the West End saw July listings drop to 164, the lowest for the year, having reached a record high in November. Sales climbed from 26 in January to 75 in July., down slightly from June. The days on the market for condos that sold dropped to 43, compared to 69 in January. The average selling price was $449,995. A whopping 75% of the sales were under $500,00 and only 3 sales over $1M. The list price to sale price ratio rose 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 $561,up from $471 in November and equal to a year ago. Higher price ranges still soft. Prices at the bottom now moving up. Market stable and in need of more listings. We shall see what Fall brings.
Listings – 164. 17 listed under $300,000 (including 4 under $200,000). 51 listed between $300,000 and $400,000. 27 listed between $400,000 and $500,000. 32 listed between $500,000 and $1M and 20 listed between $1M & $2M and 12 listed over $2M.
Least expensive - $189,00 for a leashold studio
Most expensive – $5,698,000 for 4500 sqft in Shangri-la. View it Read the rest of this entry »
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Vancouver Real Estate Analysis for West End May 2009
June 15th, 2009 Categories: Real Estate, West End
Compared to April, Vancouver real estate in the West End saw May listings drop 12% to 201, having reached a record high in November. Sales climbing from 26 in January to 88 in May, which is the highest for the year. The days on the market for condos that sold dropped to 49, compared to 69 in January. The average selling price was $482,585. A whopping 85% of the sales were under $500,00 and the highest price was nearly $3M in the Shangri-la. The list price to sale price ratio flat at 96%. The West End inventory dropped again to just only 2.2 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is down slightly to $541, compared to $471 in November. The market under $500,000 has the most demand (in February it was the market under $300,000). Higher price ranges still soft. Prices at the bottom now moving up.
Listings – 201. 27 listed under $300,000 (including 5 under $200,000). 55 listed between $300,000 and $400,000. 37 listed between $400,000 and $500,000. 48 listed between $500,000 and $1M and 34 listed over $1M. Read the rest of this entry »
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Vancouver Real Estate Stats for West End, April 2009
May 16th, 2009 Categories: Real Estate, West End
Vancouver real estate in the West End saw listings down to 228 in April, from 254 in March, having reached a record high for the year in November. Sales climbing from 26 in January to 73 in April, which is the highest for the year. The days on the market for condos that sold dropped to 51. The average selling price increased from $441,480 to $521,593, the highest for the year. 70% of the sales were under $500,00 and the highest price was $1,180,000 in the Shangri-la. The list price to sale price ratio increased to 96% indicating sellers showing less flexibility. The West End inventory dropped again to just over 3 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is up to $558. The market between $300,000 and $400,000 and between $500,000 and $700,000 has the most demand (in February it was the market under $300,000). Higher price ranges doing better.
Listings – 228
Least expensive - $159,00 for a leashold studio
Most expensive – $5,888,000 for 4500 sqft in Shangri-la. View it Read the rest of this entry »
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Analysing Vancouver Real Estate on Beach Avenue
May 1st, 2009 Categories: West End
I have a beautiful listing at 1403 Beach Avenue, West End, Vancouver, so I’ve been spending much time in what I call Vancouver’s forgotten neighbourhood. I’ve been meeting new clients who call on this listing and was out last weekend viewing Beach Avenue condos and thought it’d make an interesting post. Beach Avenue was the first street in the city where you could buy a condo and live on the waterfront – it boasts unobstructed views to UBC and West Vancouver.
Most of us have lived in the West End at one time or another. I did when I was a renter, back when there were few condos in the neighbourhood.
Beach Avenue ends at Stanley Park (2000 block) and used to start at 1000 block which is just west of Burrard Street Bridge. In 1989 they built the 1000 Beach complex, on the waterfront and in the early millennium they developed the area east of Granville Street bridge called the Beach Crescent neighbourhood (400-600 block). Read the rest of this entry »
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Vancouver Real Estate Analysis for West End March 2009
April 20th, 2009 Categories: West End
Vancouver real estate in the West End saw listings down to 254 in March from 274 in February, having reached a record high for the year in November. Sales steadily climbing from 26 in January, to 34 in February and 56 in March. The days on the market for condos that sold increased to 67 from 44. The average selling price decreased from $477,545 to $443,480. 80% of the sales were under $500,00 and the highest price was $1,180,000 in the Shangr-la. The list price to sale price ratio is flat. The West End inventory dropped to 4.5 months, down from 9.7 months in January. The average $ pr sq ft for those West End condos that sold is stable at $525. The market between $400,000 and $500,000 has the most demand (in February it was the market under $300,000 – move up sellers?)
Listings – 254
Least expensive – $158,000 for a concrete building, 99 year leasehold, 450 sq.ft. Least expensive strata l bedroom $238,000. Least expensive strata 2 bedroom is $335,000 with most of them begnning at $410,000.
Most expensive – $5,888,000 for 4500 sqft in Shangri-la. View it Read the rest of this entry »
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