About Vancouver's West End

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).

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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

4 West End condos listed under $200,000. 39 listed between $200,000 and $300,000. 71 listed between $300,000 and $400,000. 42 listed between $400,000 and $500,000. 57 listed between $500,000 & $1M. 41 listed over $1M.

2008 Listings - Jan 168, Feb 172 , Apr 232 , May 241 , June 235, July 235, Aug 246, Sept 257, Oct 268, Nov 281, Dec 242

2009 Listings - Jan 253, Feb 274, Mar 254

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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

4 West End condos listed under $200,000. 39 listed between $200,000 and $300,000. 71 listed between $300,000 and $400,000. 42 listed between $400,000 and $500,000. 57 listed between $500,000 & $1M. 41 listed over $1M.

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Vancouver real estate in the West End saw increased optimism in the New Year with listings up slightly from 253 in January to 274 in February, having reached a record high for the year in November. Sales were up from 26 to 34 having reached a record low for the year in November. The days on the market for condos that sold dropped from 69 to 44. The average selling price increased from $447,226 to $477,545 and has increased for 4 consecutive months. and is a 20% drop since January 2008. 75% of the sales were under $500,00 and the highest price was $2,480,000 in the Shangr-la. The list price to sale price ratio is flat. The West End has 8 months of inventory on the market, 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 under $300,000 has the most demand.

Read the rest of this post and view the graph

Vancouver real estate in the West End saw increased optimism in the New Year with listings up slightly from 242 in December to 253 in January 2009, having reached a record high for the year in November. Sales were up from 21 to 26, having reached a record low for the year in November. The days on the market for condos that sold was up from 53 to 69. The average selling price increased from $407,357 to $447,226 and is a 25% drop since January 2008. Half the sales were under $400,00 and the highest price was $1,388,000. The list price to sale price ratio increased 1%, meaning sellers discounted their list price less than they did in December. The West End has 9.7 months of inventory on the market, down from 11 months in December. The average $ pr sq ft for those West End condos that sold increased from $512 to $528. Currently 31 listings under $300,000. The market under $300,000 and between $400,000 and $500,000 has the most demand.

Listings - 253

Least expensive - $195,000 for a concrete building, 99 year leasehold, 430 sq.ft. Lease expensive strata l bedroom $218,000. Least expensive strata 2 bedroom is $347,000 with most of them begnning at $410,000. There were better deals under $200,000 in Novemeber/December. Most expensive $4,385,000 for 2694 sq.ft. in the Shangri-la.

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