Vancouver real estate analysis for olympic village condos - 11/23/09 06:07 PM
90 Days to go and counting! Vancouver's 2010 Winter Olympics commence on February 12, 2010.The Olympic Village is Vancouver's last waterfront community. Vancouver real estate statistics for False Creek South (Olympic Village) saw listings up and sales down for October.
In her report to council in October, city manager Penny Ballem confirmed that 420 units of the 1,100 total units on the site (including affordable housing) have been "inspected, approved and locked down by VANOC".  MilleniumWater will be pre-selling the remainder in May
We can only track the activity for this neighbourhood through MLS, not the Developers who are pre-selling, but that will … (2 comments)

Featuring Avila at 560 Cardero, Coal Harbour, Vancouver, BC - 11/23/09 06:04 PM
Address - 560 Cardero Street, Coal Harbour, Vancouver, BC. "Waterfront Place Complex". Avila was the first of four condo buildings to be built at Waterfront Place, on Coal Harbour's waterfront, of which there are 2 Bayshore buildings, 4 Waterfront Place buildings and 7 on West Cordova, for a total of only 13. The first 2 condos to be built in Coal Harbour were Harbourside Park (555 Jervis and 588 Broughton), followed by Avila and Bauhina
Built -  1998  . 21 floors featuring amazing water and mountain views from front condos.
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VANCOUVER'S MOST EXPENSIVE HOUSE - 11/21/09 06:45 PM
A quick search of MLS solds shows only four Vancouver houses have sold over $10M. The most expensive being on Point Grey Road for nearly $15 Million this year. Currently the most expensive home listed on MLS is on Osler Street for $22M and there are 12 listings over $10M.
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mortgage restructure - prime minus .25% for 3 years - 11/21/09 06:44 PM
This just in from my mortgage broker, Alma Pasic.  Borrow as much as $400,000 and pay $1,323.35 per month. Mortgage Sale Ends December 16, 2009.  One of Canada's most Aggressive Mortgage Product's on sale now! All purchases, refinances or debt consolidations are elgilble for. Prime - .25% for 3 year variable = 2.00% TODAY.  Email us at alma_pasic@telus.net for a free information package.  
The Trend is your friend: It wasn't all that long ago that we were Prime +.80 etc..and look where we are now. What will Prime +/- look like in 3 yrs. That I can't answer but the trend … (0 comments)

Vancouver Real Estate Analysis for False Creek North - 11/21/09 06:41 PM
Vancouver real estate analysis for False Creek North saw listings down from 127 to 125. Sales down from 41 in September to 33.  Days on the market up to 53 but less than a year ago.  The average selling price jumped from $714,000 to $980,000 as more condos sold over $1M, which also pushed up the $psf. The average supply of condos in this waterfront hood is down to 3 months. The sales over $1 million dropped in September but tripled in October.  This neighbourhood now selling best between $700k and $1M.  Both listings and sales crunching down together and now at the lowest since March/April. Will more buyers or sellers visit the market after 2010 Olympics in the Spring?
Listings … (0 comments)

Vancouver Real Estate Analysis for Downton - 11/21/09 06:37 PM
Vancouver's Downtown condo market saw listings and sales up in  October, with  the market under $700,000 selling the best.  The average selling price jumped to $519,000 and the average $psf down a tad to $610.  Monthly sales were the second highest for the year and higher than any month in 2008.  Listings back to the Jan/Feb level. Condos that  "expired" and didn't sell dropped from 53 to 33 (vs. 78 in Jan) and only 5 got relisted.  Average days on the market for condos that sold steady at 32.  68% of the sales were under $500,000 (down from 80% in August) and sales increased over $1M.  The supply is down to 3 months vs.16 months last October.  List price to sales price … (0 comments)

VANCOUVER REAL ESTATE ANALYSIS FOR WEST END - 11/15/09 02:01 PM
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 … (0 comments)

BCREA's 2010 Forecast - 11/13/09 02:01 PM
Vancouver, BC - November 13, 2009. The British Columbia Real Estate Association (BCREA) released its Fall 2009 Housing Forecast today.
BC Multiple Listing Service® (MLS®) residential sales are estimated to increase 20 per cent to 82,900 units this year from 68,923 units in 2008. Residential sales in 2010 are forecast to increase a further 8 per cent to 89,600 units. The ten-year average is 82,800 units.
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Upcomin Vancouver real estate Presales - 11/12/09 04:58 PM
The implementation of the HST on July l, 2010 will increase the cost of new housing.
Currently selling in the Olympic Village neighbourhood are Maynards Block, Pinnacleliving.  In Kitsilano, on West Broadway where the IGA parking lot has been forever will now be a new condo tower.  Mantra on 4th Ave is completed and still has suites for sale. Then there's Spruce on Spruce and W. Broadway in Fairview, starting in the mid $300s. Koi townhomes on Oak and 8th
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ready to buy a pre-sale? call maggie
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Vancouver real estate analysis for coal harbour - 11/12/09 04:09 PM
Vancouver real estate analysis for Coal Harbour in October saw sales and listings increase, compared to September.   Days on market up slightly to 68, a tad higher than a year ago.  Coal Harbour inventory dropped slightly to 4.6 months and has been in this range since April. Luxury sales over $2 million are on the upswing pushing up the average sale price to $1,191,800 (higher than a year ago) and average $ pr sq ft up to $848.  List price to sale price ratio stable at 95%. No more than 5 months of inventory in any price range, including over $2M. However, as Fairmont Estates close in January we expect to see a number … (0 comments)

vancouver luxury condo sales remain steady in october - 11/10/09 07:09 PM
Vancouver luxury condo sales remained steady in October, with a total of 9 sales over $2 million.
The average days on the market was 122 (up from 97 in Q3). List price to sales price ratio was 92% (up from 91% in Q3) and the average sold price was $1286 psf (up from $1250psf in Q3). The least expensive sold for $1026psf and the most expensive sold for $1623psf.
There were 5 sales between $2 and $3M.  3 sales between $3 and $4M and one sale over $4M. The most expensive was  $4.3M which was on Coal Harbour's waterfront Two Harbour Green, … (0 comments)

vancouver"s shangri-la condo - 11/10/09 07:06 PM
Now that the investors have flipped their Vancouver Shangri-la condos, the prices are rising.
The building just achieved a sale price of over $1500psf. The same suite sold, eight floors higher, in June at $1235 psf. Currently there are only three suites for sale in the Estates at Shangri-la, including my lisitng on 53rd floor, which is a unique (one of only 3) double height 3 bedroom 4500 sqft
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Vancouver real estate analysis for kitsilano - 11/10/09 07:01 PM
Listings at a record low for the year and sales at a record high. Kits condo supply dropped from 2 months in Sept to 1.6 months in October.  Vancouver real estate market analysis for Kitsilano condos saw October listings flat at 80.  Sales increased 25% to 50, the highest for the last 22 months, tied with July which is the highest for the year, and three times as many as October'08.  The average sale price dipped to $474,000 but is higher than a year ago.  Average $psf for solds $584.  Average Days on the market for sold condos up slightly to 18. The last quarter have had the lowest DOM for the year.  List price to sale price ratio back to 100%.  A … (0 comments)

Greater Vancouver Real estate Graphs - 11/10/09 06:58 PM
The October graphs for Greater Vancouver real estate show the average price of Greater Vancouver homes, townhomes and condos are nearly back to the top, having regained what they lost last year. Prices have been rising since March. The graph shows the houses on the top, townhomes (middle) and condos (bottom) average price from 1977 to present. The Vancouver market peaked in 1981, 1989,1993 and 2008. Vancouver real estate didn’t appreciate much between 1994 and 2002 but they did between 2002 and 2008 and are now testing the highs of 2008. Following are the stats for Vancouver West Side Listings decreased … (0 comments)

Vancouver Real Estate Graphs - 11/10/09 06:55 PM
Above are the October Vancouver (west side) real estate graphs  for houses, townhouses and condos. All Prices UP!
Median and average sold price for houses, townhouses and condos were up in October, compared to September and all were higher than a year.
Condo listings just under 1500 where they were in May( 2500 a year ago). The monthly new listings increased the most for the year. 833 new listings in october, vs 798 in Sept. Monthly solds increased to 529 from 477 in Sept.  For the year, the busiest price range is $350,000 to $450,000 . Year to Date over $1 Million saw 251 sales  in Vancouver West Side (up from 30 for … (0 comments)

CHANGES COMING TO VANCOUVER'S STRATAS - 11/03/09 04:20 PM
The B.C. Government is moving ahead with changes to the Strata Title Act, which governs codominiums, despite an election promise to seek public input. The Condominium Homehowners Association (CHOA) is calling on the government for public input.
There are nearly half a million stratas in British Columbia. The full text of the Bill can be viewed. The items up for change include the strata owner's ability to rent,  strata governance, strata management licencees, disclosure, property taxation, strata fee equity, strata development approvals, depreciation reports and accountability. Beststratachanges.ca also have useful information.
Voice your opinion!
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Vancouver Real Estate Market Keeping me Busy - 11/03/09 04:18 PM
October was a busy month in Vancouver Real Estate and I've been working seven days a week and too busy to blog!
Three of my listings sold and I had one transaction as a buyer agent. In addition I received four other offers. One was accepted but the buyer changed their mind, the second one just got accepted and the other two are still under negotiation. I've observed an increase in verbal offers - a method of negotiating i dont partake in.  On average it takes about 30 showings to sell a million dollar property.
So who's buying Vancouver Real Estate? Based on my … (0 comments)

CMHC Predict a Rise in Sales and Prices for Vancouver Real Estate in 2010 - 11/03/09 04:14 PM
through the remainder of this year and into 2010. More sales combined with fewer active listings will push the prices higher."
"Home starts will also increase in 2010 but remain below levels recorded in recent years. Steady population growth through migration, low interest rates, an improved job market will provide growth for housing demand, increasing prices 2-4%, listings by 3.6% and sales by 6%. Their leading indicator has bounced into Sellers territory. As prices continue to rise, more sellers will enter the market in the last half of 2010 which will bring balance to the market
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Greater Vancouver Sales Rise in September whilst New Listings Drop - 11/03/09 04:09 PM
REBGV reports that "Strong demand has led to a steady rise in Greater Vancouver home prices compared to last year." Sales in October increased 4% from September and new listings decreased 13.4%.Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.8 per cent to $553,702 from $518,668 in October 2008.  "While home prices have been rising in 2009, they have not eclipsed the peaks reached in early 2008," Scott Russell, Real Estate Board of Greater Vancouver (REBGV) president said. "We're coming off several months of unseasonably high sales levels, … (0 comments)

 

maggie chandler

Vancouver, BC

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chandler realty

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