Kitsilano
Vancouver’s Kitsilano Market Analysis April 2008
Listings 130 - 28 had price reductions and 2 had price increases. 75 listed under $500,000 and 52 listed between $500,000 and a million and 3 listed over $1 million. The least expensive $245,000 and the most expensive $3,200,000
Sales 42 - 6 had list price reductions and 1 had a list price increase. 28 sold under $500,000. 13 sold between $500,000 and $1 million and 1 sold over a million.
Days on the Market 28. Average price $484,815 . 3 months supply. Average $ pr sq ft $617. Average selling price to list price ratio: 99%
2008 SALES - Jan 26 , Feb 44 , Mar 20 , Apr 42
Reflections - under 3 months supply in the condos under $500,000. Just over 4 months supply in the $500,000 to million dollar range and 3 months supply over a million dollars. Kits remains a tight market under $1 million dollars and the most undersupplied of the vancouver west side condo markets. Listings and sales are up.
HAPPENINGS - preselling: Lumen, Mantra, Camera, Pulse, Pure, Kore, Locarno
Recently completed: Black Swan (suites still available)
View last month’s stats for Kits
Did you know you can search for Kits properties on this site? If you are wishing to buy or sell a Kits condo, please fill out my Contact Form.
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Wordless Wednesdays
She towers above all. Wonder what it’s like being the crane operator on the 60th floor?
On schedule for completion Fall 2008.
when it’s time to buy or sell your Vancouver condo, talk to Maggie
Vancouver’s Coal Harbour Market Analysis April 2008
Listings 176 - 38 with price reductions and 1 with a price increase. Only 30 listed under $500,000 and 53 between $500,000 and $1 million. 61 listed between $1 and $2 million and 29 listed over $2 million, of those 5 are over $5 million.
The least expensive Coal Harbour suite is $ 329,000 for a studio and the least expensive 2 bedroom is $ 549,000. The most expensive remains the Shaw Tower at $19,000,000.
Sales 26 - 9 had list price reduced and 2 sold at list price. 11 sold under $500,000. 10 sold between $500,000 and $1 million and 5 sold over $1 million. The least expensive was $359,000 and the most expensive ws $2,200,000. (more…)
Great Deals on Las Vegas Luxury Homes
Felipe Crook, a las Vegas luxury home specialist recently featured my blog on his blog, so I thought I’d return the favour. It’s amazing what the homes cost down there.
Did you know that Vegas is the #1 place in the USA for foreclosures? Felipe has identified 7 homes on golf courses that are in foreclosures.
View his blog or contact him
Felipe Crook
Fine Homes International Specialist
Prudential Americana Group Realtors
Las Vegas, NV
Cell: 702-683-2169
Email: felipe@felipecrook.com
Blog: http://www.felipecrook.com
This site is regularly updated. You can have all updates sent straight to your inbox.Once you enter your e-mail address, you will be sent a confirmation e-mail. You will need to click the link in the e-mail to confirm your subscription. Or subscribe by RSS
Vancouver’s West End Renters Given Eviction Notice
Hollyburn Group who own about 20 West End rental buildings gave eviction notices to the tenants of the Glenmore building at the corner of Gilford & Barclay.
82% of all the suites in Vancouver’s West End are rental and because the buildings were built in the 1960s and 1970s the rents are lower and attract a lower to middle income tenant. The vacancy rate in the neighbourhood is now 0.2%, in line with the downtown peninsula and not expected to change in the near future. (more…)
Discovering Vancouver - 1855 Vine Street, Kitsilano
1855 Vine Street is a stylish character Landmark in the heart of Vancouver’s Kitsilano.
The building is Beaux Arts style that was a former Presbyterian Sabbath School circa 1911 and is made up of larger 2 bedrooms suites over 1200 sq.ft. It was converted to condos in the 1980s.
Currently #2 is for sale, just over 1200 sq.ft. $1,275,000. This heritage loft conversion was completely renovated to the highest quality of material & craftsmanship throughout. Exhibiting an elaborate portico of sandstone, 3ft thick brick walls & solid massive wooden beams, these are the original features of this romantic signature building on top of a hill. In 1985, architect Donald O’Callaghan modernized the inside of the Italianate shell into 5 unique 2 storey private residences of timeless quality. The suite has a 580 sq.ft. deck.
Do you know of other Kits condo buildings that are beautiful heritage style buildings that have been converted?
Fill out my contact form if you’d like to view this or other Kits suites. Or search for listings on this site.
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New Listings Outpace Sales for Vancouver’s April Real Estate Market
The Real Estate Board of Greater Vancouver reports that residential attached, detached and apartment property sales in the Greater Vancouver area totalled 3,218 in April 2008, a decline of 5% from April 2007, and a decline of 3.8% compared to April 2006.
New listings detached, attached and apartment properties in the Greater Vancouver area climbed 25.6% over a year ago, to 7010. Sales continue to be strong, but there is a lot more choice on the market today. This is good news for a market that has been defined by record breaking activity for most of this decade.
Despite this seeming re-balance between sales and listings, it took, on average, 6 fewer days to sell a home in Greater Vancouver compared to the previous year, with a days on market average of 33 in April this year. (more…)
Why is This Downtown Vancouver Condo Listed at 2007 Price?
606-907 Beach Avenue, Downtown Vancouver condo listed at last year’s price. Only $376,000 ($556 pr sq ft).
A Californian realtor called me last week and asked if I’d give him a referral fee if I listed his friend’s condo on Beach Avenue. This is a normal practice in our business, so of course I said yes.
Yesterday I met with the owner. The suite had been rented and the tenant has now moved out. She is aware the market is better supplied, so agreed to list her Vancouver Downtown Beach Avenue lower than the price we had agreed on last week in order to move it quickly. Smart Seller! (more…)
Vancouver Property Graphs April 2008
Vancouver detached, attached and condo graphs for April 2008.
Listings up, sales down, prices levelling.
Did you know you can search for listings on this site? Buying or Selling a Vancouver property? Fill out my Contact Form.
this site is regularly updated. You can have all updates sent straight to your inbox. Once you enter your e-mail address, you will be sent a confirmation e-mail. You will need to click the link in the e-mail to confirm your subscription. Or subscribe by RSS.
What is the Impact of the BC Building Code Going Green?
In February 2007 the BC Government signaled that a “BC Green Building Code” would be developed to help reduce global warming.
Their goals are identification and removal of barriers to sustainable building practices within current codes and regulations. Identification and proposal of new provisions for green buildings regulation and implementation of new provisions through administration, education and training.
The green building provisions will focus on sustainable sites, water conservation , energy conservation, materials and indoor environment. (more…)
The Pending Fate of Vancouver’s False Creek Boaters and How You Can Help
Vancouver’s False Creek provides prime moorage for boaters but Esso is set to close its marine gas station
Esso has closed its marine gas station in Steveston, Port Hardy, Nanaimo and West Vancouver. Will False Creek be next? They have told Allan Keefe, the manager, that they are getting out of the marine gas business, after 23 years of serving the neighbourhood.
The station was meant to be closed in February but is now on a month to month til the end of the third quarter. Esso has offered to privatize the gas station but is concerned the investors won’t have sufficient capital to run it long term. (more…)
Why has Vancouver City Hall Put Gastown’s Heritage Conversions on Hold?
At least seven Vancouver Gastown condo projects are in limbo as City Hall nixed its heritage revitalization program.
City Hall established a Heritage Building Rehabilitation Program for Gastown, Chinatown and the Hastings Corridor in 2003 and it was scheduled to run til 2008. It was designed to cover cost shortfalls for complete building rehabilitation. It also included a density bonus and property tax relief.
The City has now declared that Vancouver’s Gastwon Heritage program will be suspended pending further study. Of the 12, 5 were allowed to proceed and the remaining seven were excluded. (more…)
Coal Harbour Vancouver Condominium Map
Above is a map of all the condominium buildings in Coal Harbour, Vancouver.
This luxury Vancouver waterfront neighbourhood is only ten years old.
The furtherest west are the Bayshore buildings on Bayshore Drive , which is closest to Stanley Park. The furthest east is Shaw Tower on West Cordova and Burrard Street.
The Ritz-Carlton is now pre-selling. The Shangri-la is due for completion this Fall. The Residences on Georgia are almost sold out. The Fairmont Estates are out of the ground. Flatiron is due for completion this Fall. Sapphire and The Ritz are due for completion in 2009.
Buying or Selling a Coal Harbour condo, please fill out my Contact Form or search for a Coal Harbour condo.
This site is regularly updated. You can have all updates sent straight to your inbox.Once you enter your e-mail address, you will be sent a confirmation e-mail. You will need to click the link in the e-mail to confirm your subscription. Or subscribe by RSS
Three Facts You Should Know About Vancouver Condo Fees
In Vancouver, condominium fees are paid monthly and cover all the expenses that relate to the condo corporation’s expenditures.
These expenses include insurance on the building, property manager’s fees, gardening, garbage collection, water, maintaining the common property, concierge, upkeep of the amenities, caretaker’s salary, repairs and maintenance to the building and a contribution to the reserve fund. These items are set out in an annual budget and voted on by the condominium owners.
Did you know you can search for condos on this site? (more…)
Three Facts You Should Know About Vancouver Condo Fees
In Vancouver, condominium fees are paid monthly and cover all the expenses that relate to the condo corporation’s expenditures.
These expenses include insurance on the building, property manager’s fees, gardening, garbage collection, water, maintaining the common property, concierge, upkeep of the amenities, caretaker’s salary, repairs and maintenance to the building and a contribution to the reserve fund. These items are set out in an annual budget and voted on by the condominium owners.
Did you know you can search for condos on this site? (more…)
Will Senator Campbell’s Support Help the Whitecaps Stadium Downtown Vancouver?
It has now been 5 years since ex-Mayor of Vancouver Larry Campbell encouraged Kerfoot to build a soccer stadium east of the Pan Pacific Hotel and no backhoe has entered the land.
A couple of days ago Campbell made this news release “I’d like to really see it go ahead. It would be tremendous for the city,” Campbell said. “The Whitecaps have been great citizens. It would be nice to bring them into Vancouver.” He was, of course, supported by Vancouver Whitecaps president Bob Lenarduzzi, who is welcoming an offer by Sen. Larry Campbell to play striker in stalled talks over a proposed waterfront soccer stadium. (more…)
Coal Harbour’s Palais Georgia at 1415 West Georgia, Vancouver
Enjoy the water and mountain views from this 2301-1415 W. Georgia. Just Listed!
The Building built in 1990, it has 25 storeys and 86 suites. A short walk to both Stanley Park and the Business District. (more…)
George Lucas and the Digital Revolution
Vancity Theatre, 1181 Seymour. April 16th 7.30 pm
Michael Rubin, author of Droidmaker: George Lucas and the Digital Revolution, and Dr. Alvy Ray Smith, former Director of Computer Graphics Research at Lucasfilm and co-founder of Pixar, present the inside story of George Lucas, his intensely private company, and their work to revolutionize film making.
In the process, they made computer graphics history. Discover the story of the birth of Pixar, digital video editing, video game avatars, THX sound, and a host of other icons of the media age. Lucas played a central role in the universe of entertainment technologies we see every day.
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