Vancouver's Park Board learnt a lesson in how to please private-sector partners when they had a 3 year controversy over Kits Beach's Watermark Restaurant
The City of Vancouver's land at English Bay has had an eatery since the 1950s and now the City has decided to turn it into a restaurant. The City is seeking public input on building specifications before it seeks a private partner, who would provide 65% of gross revenue to the Park Board.
Vancouver's Park Board director of special projects Jim Lowden said he wants to ensure potential private sector partners that if they win the tender process, they'll have the right to build a restaurant that will have a price point and menu similar to the nearby Milestone's and Boathouse restaurants, but with a better view...arguably the best in the West End.
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The graphs for homes, townhomes and condos all show a big increase in listings and slight decrease in sales from one year ago.
View the graphs here
The RBGV reports that residential attached, detached and apartment property sales in the Greater Vancouver area totalled 3,002 in May 2008, a decline of 30.7% from May 2007, and and down from 3,200 in April 2008
New listings for detached, attached and apartment properties climbed 20% over a year ago, to 7390, and up from 7010 in April. Sales continue to be strong, but there is a lot more choice on the market today. Prices are not increasing as rapidly, now down to single digits overall, which is good news from an affordability standpoint and market stability. We are now back to a normal market where sellers have more competition and buyers have a good selection.
Read the remainder of this post and view the individual neighbourhood statistics for the month.
Just Listed! 1506-550 Taylor, Tinseltown, Vancouver is a one bedroom & den with mountain and water views. $368,000. Priced to sell!
The Taylor is now 3 years old and consists of 7 suites on a floor. The amenities are a gym. Pets and rentals are allowed. Conveniently located at your doorstep is the Skytrain Station, T&T supermarket and a newly opened drug store. The suite will be available for possession on July 1st. It boasts granite counter tops and polished concrete floors. It has one secured parking and a storage locker.
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How do you sell your Vancouver property when the supply of listings is up?
There are more listings on the market and fewer buyers. It seems to me that some of the buyers are confused by having so much choice, so they keep looking at more listings rather than view the ones which meet their criteria, shortlist one or three, view them for a second time and make a decision.
If you are a buyer you should always have a priority list and number it one to ten. If you are a couple, you should have two lists, then amalgamate them into one. This way you will be focused on what is of most importance to you in selecting a property.
At the end of the day, after we've marketed the Vancouver property by way of a virtual tour, 10 professional photos on the MLS, commissioned a company to do a professional floorplan, uploaded the listing to our website and blog, distributed Just Listed flyers, held numerous Open Houses, advertised it in TheRealEstateBook, accommodate showings, there is only one thing left that makes the property stand out above its competition and that is The Price.
Read the rest of the post and my experiences with my listings that are selling.
Vancouver condominium specialist. Waterfront neighbourhoods of Coal Harbour, Kitsilano, Downtown, False Creek North, Coopers Landing, West End & Olympic Village. Marketing Vancouver since 1981. A bou
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