vancouver real estate analysis for coal harbour, july 2009

Vancouver's luxury waterfront neighbourhood of Coal harbour saw real estate sales flat and listings decrease in July, compared to June. There were more high end listings selling. Days on market up to 80. Coal Harbour inventory dropped from 19 months in February to 4 months, the lowest for the year. The average sale price increased to over $966,000 for condos that sold. List price to sale price ratio droppedt to 96% but up from 91% in January. Average $ pr sq ft for sold listings jumped to $919 (more sales over $2M). The market under $500,000 sells the best with only 2 months of inventory, however all price ranges selling well, including over $2 million which had 9 sales in July, the highest for the year. Of the 16 listings that did not sell and expired, only 3 got relisted.

Listings -146. 24 listed under $500,000. 47 listed between $500,000 and $1M. 36 listed between $1M and $2M and 39 listed over $2M, including 11 over $5M.

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

Least expensive $285,000 for a studio 420 sqft . Least expensive 2 bedroom $599,000.

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