Vancouver Realty Online

Courtesy of our partner’s at Coal Harbour’s Condos we’ll be featuring neighbourhood specific reports on Vancouver’s premier waterfront community.  Today we have the Coal Harbour Q3 Report, which features building-by-building sales and listing reports, general market updates, featured listings, and more! Please click HERE to view the report in PDF format and visit http://www.coalharbourscondos.com for more up-to-date information on one of Vancouver’s most desirable neighbourhoods!

Vancouver Realty Online presents our Downtown Vancouver Market Update for the period running from October 4 – October 11 courtesy susankeevil.com…

Downtown Attached Market Update October 4 – October 11 :

Confirmed attached sales volume took a step back after improving in the previous recorded period with 65 attached sales across Vancouver West this week (down from 97 confirmed attached sales previously); the downtown neighbourhoods accounted for 43 attached sales or roughly 62% of all sales volume in Vancouver West this week (up from 56% previously). Coal Harbour continued to struggle with just 3 attached sales this week well the downtown core areas led the way with 25 attached sales or roughly 58% of all downtown sales volume.  The sales to listing ratio subsequently fell this weekend as we saw 43 attached sales downtown to 87 new listings for a 49% saturation rating (down from a 62% rating in the previous week).

If you’re interested in more specific building or neighbourhood sales and listing information please get in touch with Susan at (604)970-3658.

Please click HERE for the full article.

We are proud to present our Westside market reports for the period running from October 4 – October 11 courtesy susankeevil.com…

Westside Vancouver Attached Report October 4 – October 11:

Supply volume continued to fall across Vancouver West this week with 153 new attached listings (down from 178 new attached listings in the previous week); the Westside neighbourhoods accounted for the bulk of the decrease with 66 new attached listings this week (down notably from 91 new attached listings in the previous period).  The Westside neighbourhoods subsequently saw a fall in the percentage of new listings with 43% of new listings falling on the Westside (down from 51% in the previous week).  The dense Kitislano and Fairview neighbourhoods continued to account for the bulk of new supply with 16 and 18 new attached listings in each neighbourhood repsectively.

Please click HERE for the full article.

Westside Vancouver Detached Report October 4 – October 11:

Confirmed detached sales, on the other hand, remained stable this week with 36 detached sales across the Westside (compared to 35 detached sales in the previous week). Dunbar continued to be in demand with 8 confirmed detached sales well Cambie also posted strong sales figures with 6 detached listings this week.  Our sales to listing ratio remained relatively strong across the Westside with 36 detached sales to 57 new detached listings for a saturation rating of 63% (up from 50% in the previous recorded period).

Please click HERE for the full article.

The Real Estate Board of Greater Vancouver presents the Greater Vancouver September 2010 statistics package including monthly sales and listing data plus long-run price and sales figures.

The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,220 in September 2010. This represents a 0.8 per cent increase compared to August 2010 and 37.6 per cent decline from the 3,559 sales in September 2009. In comparison, last month’s residential sales represent a 40.1 per cent increase over the 1,585 residential sales in September 2008, a 20 per cent decline compared to September 2007’s 2,776 sales, and an 11.9 per cent decline compared to September 2006’s 2,519 sales.

“We’ve seen fewer properties coming on to the market over the last three months. This trend, combined with the continued attraction of low interest rates, is likely having the effect of less downward pressure on home prices,” Jake Moldowan, REBGV president said.

“We saw signs of more stability in our marketplace last month than we have seen since spring based on a variety of indicators that we look at each month,” Moldowan said. “At 56 days, it took, on average, three days less to sell a home in our region compared to August. This is the first month-over-month decline we’ve seen in this category since April.”

Sales of detached properties in September 2010 reached 866, a decrease of 39.1 per cent from the 1,423 detached sales recorded in September 2009, and a 58.6 per cent increase from the 546 units sold in September 2008. The benchmark price for detached properties increased 6.7 per cent from September 2009 to $790,992. Sales of apartment properties reached 971 in September 2010, a decline of 34.7 per cent compared to the 1,489 sales in September 2009, and an increase of 27.1 per cent compared to the 764 sales in September 2008.The benchmark price of an apartment property increased 3.7 per cent from September 2009 to $388,373.

Please click HERE for the full report.