A quick search of MLS solds shows only four Vancouver houses have sold over $10M. The most expensive being on Point Grey Road for nearly $15 Million this year. Currently the most expensive home listed on MLS is on Osler Street for $22M and there are 12 listings over $10M.
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Vancouver real estate analysis for False Creek North saw listings down from 127 to 125. Sales down from 41 in September to 33. Days on the market up to 53 but less than a year ago. The average selling price jumped from $714,000 to $980,000 as more condos sold over $1M, which also pushed up the $psf. The average supply of condos in this waterfront hood is down to 3 months. The sales over $1 million dropped in September but tripled in October. This neighbourhood now selling best between $700k and $1M. Both listings and sales crunching down together and now at the lowest since March/April. Will more buyers or sellers visit the market after 2010 Olympics in the Spring?
Listings - 125 six listed under $400,000 and only 17 listings between $400,000 & $500,000. 23 listed between $500,000 and $700,000. 37 listed between $700,000 and $1 million. 31 listed between $1 & $2 million and 11 listed over $2 million. 12 condos did not sell and only two were re-listed, indicating these sellers will revisit the market again in the future, 50% of the 12 were over $1M.
Least expensive $299,00 for a small l bedroom. Most expensive The Penthouse at 1000 Beach avenue listed at $12,980,000
Vancouver's Downtown condo market saw listings and sales up in October, with the market under $700,000 selling the best. The average selling price jumped to $519,000 and the average $psf down a tad to $610. Monthly sales were the second highest for the year and higher than any month in 2008. Listings back to the Jan/Feb level. Condos that "expired" and didn't sell dropped from 53 to 33 (vs. 78 in Jan) and only 5 got relisted. Average days on the market for condos that sold steady at 32. 68% of the sales were under $500,000 (down from 80% in August) and sales increased over $1M. The supply is down to 3 months vs.16 months last October. List price to sales price ratio flat at 98%. Vancouver's downtown market remains strong.
Listings -543. Least expensive $220000 for a small studio. Most expensive -$6.6M for 3500 sqft in Residences on Georgia Sub-Penthouse.
Listings Inventory - 20 listings Downtown under $300,000. 112 between $300K and $400K. 134 listings between $400K and $500K. 160 condos listed between $500K and $700K. 64 listed between $700,000 and $1M. 53 listed over $1M, including 4 over $3M.
Vancouver real estate in the West End saw October listings down and sales flat, resulting in 2.6 months of inventory, same as September. The days on the market for condos that sold increased from 39 to 47. The average selling price dropped to $616,000 due to fewer condos selling over $1M. 75% of the sales remain under $500,000. The list price to sale price ratio flat at 98% and the highest for the year. In February the market under $300,000 was selling the best -currently only 15% of the sales which have been dropping since their peak in May. Affordability factor kicking in?
Listings - 157. 12 listed under $300,000 (including 1 under $200,000). 25 listed between $300,000 and $400,000. 20 listed between $400,000 and $500,000. 55 listed between $500,000 and $1M. 38 listed between $1M & $2M. 7 listed over $2M
Least expensive -$198,00 for a leasehold one bedroom
Most expensive - $5,888,000 for 4500 sq-ft in Shangri-la. View it
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