Vancouver real estate analysis for coal harbour, june 2009

Vancouver's luxury waterfront neighbourhood of Coal harbour saw real estate sales and listings decrease in June, compared to May. It was the best month since February 2008. Days on market down 78 to 57. Coal Harbour inventory dropped from 19 months in February to 5 months. The average sale price increased to over $900,000 for condos that sold. List price to sale price ratio flat at 96% and up from 91% in January. Average $ pr sq ft for sold listings stable $757. Between $500,000 & $1M is the best selling price range. The $1 to $2M is doing better. The luxury market over $2M still soft with 24 months of inventory. Of the 16 listings that did not sell and expired, only 4 got relisted. In April there were 27 expired listings. Coal Harbour market is improving.

Listings -158. 18 listed under $400,000. 8 listed between $400,000 and $500,000. 47 listed between $500,000 and $1M. 36 listed between $1M and $2M and 48 listed over $2M.

50% are listed over $1M, down from 60% in February and up from 45% in January.

Least expensive $299,000 for a studio 429 sqft . Least expensive 2 bedroom $589,000 for 940 sq.ft.

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