Vancouver Real Estate Blog - Vancouver Realtor » Downtown Vancouver Real Estate

The Olympics and Vancouver Real Estate – Beware of Closing Dates

Sebastian — Sat, 14 Nov 2009 20:54:07 +0000

Sebastian Albrecht, Vancouver realtor, video blogs about another way that the host city of the 2010 Winter Olympics will be affected. Downtown Vancouver’s roads will be shutdown to traffic from February 4th, 2010 through to March 1st, 2010. If you are buying or selling a downtown Vancouver condo you won’t be able to move during this time. Make sure your closing + possession dates are either before or after the month of February 2010!

This is the City of Vancouver map highlighting the road closures and restrictions for the 2010 Winter Olympics.

Please share your opinion on this, or any other Vancouver real estate topic by contacting Sebastian at sebastian@sebastianalbrecht.com. Sebastian Albrecht video blogs regularly about Vancouver real estate. You can find all of his Vancouver real estate video blogs here.

Copyright © 2009 Vancouver real estate in the Vancouver Real Estate Blog bySebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver ”The Olympics and Vancouver Real Estate – Beware of Closing Dates”

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Buying a Vancouver Condo? View the Parking and Storage!

Sebastian — Fri, 06 Nov 2009 21:01:06 +0000

Vancouver realtor Sebastian Albrecht video blogs about the importance of personally viewing parking spaces and storage lockers. Buying a Vancouver condo? You will want to see both the parking space and storage locker in person. Recent experiences highlight the importance of personally inspecting the parking and storage. It can affect the long-term value and saleability of your investment.

More Information

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Downtown Vancouver Real Estate Statistics and Chart for August 2009

Sebastian — Sun, 13 Sep 2009 21:08:45 +0000

August 2009 in Vancouver real estate was another strong month. As the summer wore on, we saw some month to month declines in Sales but Supply continued to fall.

Downtown Vancouver Homes for Sale (Downtown Vancouver Condos only) – 448

After eight consecutive months of declining Active Listings, the most recent two saw a rise. This past month stopped that trend as Active Listings fell from 466 to 448. At it’s height, there were 818 active listings in September 2008 in the Downtown Vancouver condo maret.

Downtown Vancouver Homes Sold (Downtown Vancouver Condos only) – 175

We had seen seven consecutive months of Sales. However, August saw Sales drop for the first time. There were 175 Sales in August from the 190 in the month before.

The Average Sale Price fell slightly to $438,000 from $441,000. This was the third month in the last seven that the Average Sale Price rose. Of units sold, the Cumulative Days on Market fell significantly to 40 (from 76). Average Price Per Square Foot for downtown Vancouver condos rose slightly to $605 from $594 in July 2009.

Downtown Vancouver Home Sale Prices (Downtown Vancouver Condos only)

There were 7 sales between $200,000 and $300,000, 81 sales between $300,000 and $400,000, 50 sales between $400,000 and $500,000, 22 sales between $500,000 and $600,000, 5 sales between $600,000 and $700,000, 4 sales between $700,000 and $800,000, 3 sale between $800,000 and $900,000, and 2 sales over $1,000,000.

The least expensive sale was a 31 year old 538 sq ft 1 bedroom that sold for $245,000. The most expensive downtown Vancouver condo that sold in August was a brand new 1287 sq ft 2 bed, 2 bath condo for $1,099,000.

Downtown Vancouver MLS Statistics - August 2009

More Information on Vancouver Real Estate

There is more information on Downtown Vancouver real estate on this page, or search Downtown Vancouver homes for sale right here. Should you want to learn more about the Vancouver real estate market generally you can check out this page.

You can check out the Downtown Vancouver MLS statistics for July, 2009 right here, or all of my blog postings on Downtown Vancouver real estate here.

If you are thinking of buying or selling, or just have questions, contact me hereor send me a quick email.

Copyright © 2009 Downtown Vancouver Real Estate in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Real Estate Agent with Royal LePage Westside ”Downtown Vancouver Real Estate Statistics and Chart for August 2009”

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New Listing – 2409 128 W. Cordova (Woodward’s)

Sebastian — Wed, 09 Sep 2009 21:35:17 +0000

2409 128 W Cordova (Woodward's)

I am excited to announce that I have just added this new listing. Are you looking for a unique new home that offers exceptional value and quality?

Overview

Don’t miss out on your opportunity to purchase a unique new home in the heart of downtown Vancouver. This building has never been occupied. Be the first to call it home! It’s an ideal starter home or investment property (rentals are unrestricted).

Details

With fantastic city views, this bright and open south facing one bedroom wastes no space and boasts oak hardwood floors, overheight polished-concrete ceilings, marble counters, high-end S/S appliances, a juliette balcony, as well as customized doors and glass tiles.

More Information

I shall be doing an OPEN HOUSE Saturday, September 12th and Sunday, September 13th from 12pm – 2pm. If you are unable to make the open house, I would be happy to arrange a private viewing for you.

Woodward’s

The Woodward’s district is a new high-rise development in the core of Vancouver. It has raised the bar for quality, style and amenities for the downtown Vancouver condominium market.

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Downtown Vancouver Real Estate Statistics and Chart for July 2009

Sebastian — Sat, 15 Aug 2009 18:24:45 +0000

July 2009 in Vancouver real estate was a record month as far as sales went. From January 2009 being the worst month ever recorded for sales in Vancouver we have come a very long way in just seven short months.

Downtown Vancouver Homes for Sale (Downtown Vancouver Condos only) – 466

There were eight consecutive months of declining Active Listings in the Downtown Vancouver real estate market. Including this past month, we now have had two in a row where the number of listings has actually increase. The increase was very slight (going from 462 the month before to 466). At it’s height, there were 818 active listings in September 2008 in the Downtown Vancouver condo maret.

Downtown Vancouver Homes Sold (Downtown Vancouver Condos only) – 190

Sales in Downtown Vancouver have been increasing steadily over the past months. Including July, Sales have increased for seven consecutive months. We saw them rise this past month from 185 in June to 190 in July 2009.

The Average Sale Price rose to $441,000 from $428,000. This was the fourth month in the last six that the Average Sale Price rose. Of units sold, the Cumulative Days on Market rose to 76 (from 65). Average Price Per Square Foot for downtown Vancouver condos rose to $594 from $586 in June 2009.

Downtown Vancouver Home Sale Prices (Downtown Vancouver Condos only)

There were 19 sales between $200,000 and $300,000, 75 sales between $300,000 and $400,000, 47 sales between $400,000 and $500,000, 27 sales between $500,000 and $600,000, 10 sales between $600,000 and $700,000, 5 sales between $700,000 and $800,000, 1 sale between $800,000 and $900,000, and 4 sales over $1,000,000.

The least expensive sale was a 31 year old 461 sq ft studio that sold for $219,000. The most expensive downtown Vancouver condo that sold in July was an 8 year old 1509 sq ft 2 bed, 2 bath condo for $1,200,000.

Downtown Vancouver Monthly MLS Statistics - July 2009

More Information on Vancouver Real Estate

You can check out the Downtown Vancouver MLS statistics for June, 2009 right here, or all of my blog postings on Downtown Vancouver real estate here.

If you are thinking of buying or selling, or just have questions, contact me here or send me a quick email.

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Downtown Vancouver Real Estate Statistics and Chart for June 2009

Sebastian — Mon, 20 Jul 2009 20:04:57 +0000

June 2009 in Vancouver real estate was yet another strong month. In fact, it was the second strongest June on record. We saw inventory levels (active listings) continue to fall while demand (sales) strengthened.

Downtown Vancouver Homes for Sale (Downtown Vancouver Condos only) – 462

After three consecutive months of declining Active Listings we finally saw a rise in the month of June 2009. Downtown Vancouver condo listings rose from 425 to 462. This was just the second time in the last ten months that listings rose. At it’s height, there were 818 active listings in September 2008 in the Downtown Vancouver condo maret.

Downtown Vancouver Homes Sold (Downtown Vancouver Condos only) – 185

Yet again, Sales rose impressively in Downtown Vancouver in the month of June 2009. There were 157 Sales in May and this jumped up to 185 in June 2009. June was the sixth month in a row that Sales increased.

The Average Sale Price rose to $428,000 from $420,000. This was only the third month in the last five that the Average Sale Price rose. Of units sold, the Cumulative Days on Market fell sharply to 65 (from 94). Average Price Per Square Foot for downtown Vancouver condos rose to $586 from $572 in May 2009.

Downtown Vancouver Home Sale Prices (Downtown Vancouver Condos only)

There were 22 sales between $200,000 and $300,000, 79 sales between $300,000 and $400,000, 46 sales between $400,000 and $500,000, 22 sales between $500,000 and $600,000, 10 sales between $600,000 and $700,000, 2 sales between $700,000 and $800,000, 2 sales between $900,000 and $1,000,000, and 2 sales over $1,000,000.

The least expensive sale was a 23 year old 439 sq ft studio that sold for $220,000. The most expensive downtown Vancouver condo that sold in June was an 7 year old 1704 sq ft 2 bed, 3 bath condo for $1,350,000.

Downtown Vancouver Monthly MLS Statistics - June 2009

Please Donate

On June 22nd, 2009 I will be attempting to break the record for the most ascents of the Grouse Grind for charity. The Royal LePage Shelter Foundation is an incredible organization which is there to help women and children suffering from domestic abuse. Of every dollar donated, 100% goes directly to those in need (Royal LePage covers all administrative costs of the charity).

Donate to the Royal LePage Shelter Foundation

More Information on Vancouver Real Estate

You can check out the Downtown Vancouver MLS statistics for June, 2009 right here, or all of my blog postings on Downtown Vancouver real estate here.

If you are thinking of buying or selling, or just have questions, contact me here or send me a quick email.

Copyright © 2009 Downtown Vancouver Real Estate in the Vancouver Real Estate Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside ”Downtown Vancouver Real Estate Statistics and Chart for June 2009”

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Downtown Vancouver Real Estate Statistics and Chart for May 2009

Sebastian — Tue, 16 Jun 2009 18:36:12 +0000

May 2009 in Vancouver real estate was incredibly strong. We saw inventory levels (active listings) continue to fall while demand (sales) strengthened.

Downtown Vancouver Homes for Sale (Downtown Vancouver Condos only) – 425

Yet again, Active Listings in downtown Vancouver fell. They dropped from 457 in April 2009 to 425 in May. This was the eigth month in a row (9 of 10) that Active Listings fell. We have not seen this limited number of listings since January 2008. In fact, for much of 2008 the number of Active Listings in downtown was nearly double what it is today.

Downtown Vancouver Homes Sold (Downtown Vancouver Condos only) – 157

Sales continued to rise in downtown Vancouver in the month of May 2009. From the 120 Sales in April 2009 Sales jumped to 157 in May. This was the fifth month in row that Sales increased.

The Average Sale Price rose to $420,000 from $395,000. This was just the second month in the last five that the Average Sale Price rose. Of units sold, the Cumulative Days on Market fell to 94 (from 107). Average Price Per Square Foot for downtown Vancouver condos rose to $572 from $534 in April 2009.

Downtown Vancouver Home Sale Prices (Downtown Vancouver Condos only)

There was 1 sale under $200,000, 24 sales between $200,000 and $300,000, 69 sales between $300,000 and $400,000, 34 sales between $400,000 and $500,000, 12 sales between $500,000 and $600,000, 3 sales between $600,000 and $700,000, 2 sales between $700,000 and $800,000, 2 sales between $800,000 and $900,000, 5 sales between $900,000 and $1,000,000 and 2 sales between $1,200,000 and $1,300,000.

The least expensive sale was a 14 year old 440 sq ft one bedroom that sold for $162,000. The most expensive downtown Vancouver condo that sold in February was an 1 year old 1431 sq ft 2 bed, 2 bath condo for $1,249,000.

Downtown Vancouver Monthly MLS Statistics - May 2009

Please Donate

Donate to the Royal LePage Shelter Foundation

More Information on Vancouver Real Estate

You can check out the Downtown Vancouver MLS statistics for March, 2009 right here, or all of my blog postings on Downtown Vancouver real estate here.

If you are thinking of buying or selling, or just have questions, contact me here or send me a quick email.

Copyright © 2009 Downtown Vancouver Real Estate in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside ”Downtown Vancouver Real Estate Statistics and Chart for May 2009”

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Downtown Vancouver Real Estate Statistics and Chart for April 2009

Tue, 12 May 2009 18:00:47 +0000

April 2009 was yet another strong month in the Vancouver real estate market. Once again, Vancouver West saw some of biggest improvements. Sales were up 31.54% while listings were up only 1.73% (both month over month). You can read my review of Vancouver real estate for March 2009 here.

Downtown Vancouver Homes for Sale (Downtown Vancouver Condos only) – 457

For the seventh month in a row (8 of 9) Active Listings in downtown Vancouver fell. In the month of April they fell from 547 in March to 457. For the first time in a year, the total number of listings in Downtown Vancouver is below those levels a year ago.

Downtown Vancouver Homes Sold (Downtown Vancouver Condos only) – 120

Sales were well up in April 2009 over the previous month. There were 120 sales in April 2009 from the 90 seen in March. April saw sales increase for the fourth month in a row.

The Average Sale Price fell slightly to $395,000 from $402,000. This was the third month in the last four that the Average Sale Price fell. Of units sold, the Cumulative Days on Market rose to 107 (from 94). Average Price Per Square Foot for downtown Vancouver condos fell to $534 from $541 in March 2009.

Downtown Vancouver Home Sale Prices (Downtown Vancouver Condos only)

There were 3 sales under $200,000, 25 sales between $200,000 and $300,000, 44 sales between $300,000 and $400,000, 31 sales between $400,000 and $500,000, 9 sales between $500,000 and $600,000, 5 sales between $600,000 and $700,000, 2 sales between $700,000 and $800,000, and 1 sale between $1,200,000 and $1,300,000.

The least expensive sale was a 31 year old 461 sq ft studio that sold for $175,500. The most expensive downtown Vancouver condo that sold in February was an 1 year old 1614 sq ft 2 bed, 3 bath condo for $1,250,000.

Downtown Vancouver Monthly MLS Statistics - April 2009

Downtown Vancouver MLS Statistics – March 2009

Please Donate

Donate to the Royal LePage Shelter Foundation

More Information on Vancouver Real Estate

You can check out the Downtown Vancouver MLS statistics for March, 2009 right here, or all of my blog postings on Downtown Vancouver real estate here.

If you are thinking of buying or selling, or just have questions, contact me here or send me a quick email.

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Downtown Vancouver Real Estate Statistics and Chart for March 2009

Sebastian — Mon, 06 Apr 2009 19:36:20 +0000

The month of March 2009 was a strong one in the Vancouver real estate market. One of the strongest areas in the region was Vancouver West. Sales were up 41% and listings up only 2.1% (both month over month). You can read my review of Vancouver real estate for March 2009 here.

Downtown Vancouver Homes for Sale (Downtown Vancouver Condos only) – 547

For the six month in a row (7 of Active Listings in downtown Vancouver fell. In the month of March they fell from 570 in February to 547. This number even compares favorably to the 495 seen in March 2008.

Downtown Vancouver Homes Sold (Downtown Vancouver Condos only) – 90

Sales were up on slightly in March 2009 over the previous month. We went from 87 to 90. However, this is the third month in a row that Sales increased albeit at a much slower pace than the previous two months.

The Average Sale Price rose for the first time in three months. March 2009 saw he Average Sale Price reach $402,000 from $374,000 the previous month. Of units sold, the Cumulative Days on Market rose slightly to 94 (from 93). Average Price Per Square Foot for downtown Vancouver condos rose to $551 from $531 in February 2009.

Downtown Vancouver Home Sale Prices (Downtown Vancouver Condos only)

There were 2 sales under $200,000, 18 sales between $200,000 and $300,000, 43 sales between $300,000 and $400,000, 16 sales between $400,000 and $500,000, 3 sales between $500,000 and $600,000, 3 sales between $600,000 and $700,000, 2 sales between $1,100,000 and $1,200,000 and 2 sales between $1,300,000 and $1,600,000.

The least expensive sale was a 31 year old 461 sq ft studio that sold for $172,500. The most expensive downtown Vancouver condo that sold in February was an 8 year old 1636sq ft 2 bed, 2 bath condo for $1,575,000.

Downtown Vancouver MLS Statistics - March 2009

More Information on Vancouver Real Estate

You can check out the Downtown Vancouver MLS statistics for February, 2009 right here, or all of my blog postings on Downtown Vancouver real estate here.

If you are thinking of buying or selling, or just have questions, contact me here or send me a quick email.

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Downtown Vancouver Real Estate Statistics and Chart for February 2009

Sebastian — Sun, 15 Mar 2009 04:08:54 +0000

Yet another month has passed. It’s time to look at what happened in the Downtown Vancouver real estate market. Vancouver had a much better February than January. If you’ve been reading my blog, you’ll have seen big increases in the weekly numbers for the city…but now it’s time to look at the neighborhoods.

Downtown Vancouver Homes for Sale (Downtown Vancouver Condos only)

– 570

It is now five months in a row (and six out of seven) that active listings in downtown Vancouver have dropped. There were only 570 Active Listings (from 582 in January) in February, 2009. It’s not a big drop from last month, but every other neighborhood I follow saw at least a slight rise in listings…so it breaks that trend.

Downtown Vancouver Homes Sold (Downtown Vancouver Condos only)

– 87

Wow. There was a big jump in Sales for the downtown Vancouver real estate market. This is the second month in a row that we saw a big jump (from 24 to 49 and now to 87). The Average Sale Price fell once more to $374,000 (from $412,000). Of the units that sold, the cumulative Days on Market fell slightly to 93 (from 96). The Average Per Square Foot Price for downtown Vancouver condoos fell to $531 (from $556).

Downtown Vancouver Home Sale Prices (Downtown Vancouver Condos only)

There were 18 sales under $300,000, 40 sales between $300,000 and $400,000, 20 sales between $400,000 and $500,000, 8 sales between $500,000 and $600,000 and 1 sale between $100,000 and $1,100,000.

The least expensive sale was a 16 year old 440 sq ft studio that sold for $175,000. The most expensive downtown Vancouver condo that sold in February was a new construction, 1554sq ft 2 bed, 3 bath condo for $1,050,000.

Downtown Vancouver MLS Stats - February 2009

More Information on Vancouver Real Estate

You can check out the Downtown Vancouver MLS statistics for January, 2009 right here, or all of my blog postings on Downtown Vancouver real estate here.

If you are thinking of buying or selling, or just have questions, contact me here or send me a quick email.

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