About Vancouver's West End

Vancouver real estate in the West End saw September listings up a tad from 246 in August to 257 in September. Sales were up from 25 in August to 29 in September. The days on the market for condos that sold increased from 57 to 65. The average selling price increased from $392,000 to $447,834. The West End has nearly a nine month supply of condos for sale.

Listings - 257

2008 Listings - Jan 168, Feb 172 , Apr 232 , May 241 , June 235, July 235, Aug 246, Sept 257

41 listed $300,000. 68 listings between $300,000 and $400,000. 50 listed between $400,000 and $500,000. 29 listings between $500,000 and $600,000. 39 listings between $600,000 and $1M and 30 listings over $1 million.

The least expensiveis a one bedroom at 1250 Burnaby, 540 sq.ft., 99 year leasehold concrete building with a rooftop pool for only $199,000. The most expensiveis the 717 Jervis Penthouse for $5,775,000 for 8700 sqft

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Vancouver's West End market saw listings in August up a tad from 235 in July to 246 in August. Sales were flat(25 vs 25 in July) The days on the market for condos that sold increased from 51 to 57. The average selling price dropped from $496,935 to $386,344. Very much a bottom end market.

Listings - 246 - there is currently a 9.8 month supply of condos in Vancouver's West End. The least expensive is $139,000 which is a studio at 1250 Burnaby and is a foreclosure. 90 of them have had a list price reduction.

3 are listed under $200,000. 30 condos are listed under $300,000, including a 630 sq.ft. condo at 1855 Nelson, west of Denman. 77 listed between $300 & $400K. 50 listed between $400 & $500K. 51 listings between $500 & $800K. 16 listings between $800K and $1 million and 28 over $1 million, including 7 over $2 million.

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Vancouver's West End market in May saw a 16% drop in sales from April, a 4% increase in listings and a 3% decrease in the Average Price. Days on the market is stable.

Listings 241 - up from 232 in April. One third (69) had price reductions and l had a price increase.

60% of Vancouver's West End listings are under $500,000 (a total of 145). 62 are listed between $500,000 and $1 million and 31 are listed over $1 million, of which 9 are listed over $2 million and two of those are listed over $5 million.

Sales 36 - down from 45 in April. Ten of those Vancouver West End sales had a price reduced (25%).

27 sold under $500,000, 7 sold between $500,000 and $1 million and 2 sold over $1M

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Vancouver's West End is well supplied with listings. The market under $500,00 is by far the most active.

Listings 232 - a whopping 60 have had their list price reduced. 135 are listed under $500,000 and 57 are listed between $500,000 and $1 million and 28 are listed between $1 and $2 million, leaving 7 over $2 million. The most expensive is $5,775,000

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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.

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