Vancouver's Shangri-la Hotel/Condo building is located at 1128 West Georgia and at 61 storeys is the tallest building in Vancouver and the 11th tallest in Canada. It opened in November 2008.
The luxury boutique hotel only occupies the first 15 floors and is, of course, an international brand name. 16th to 45th floors are 227 live/work condos with a lobby at 1111 Alberni. To date there have been 29 sales and currently there are 9 listings. 670 sq.ft. l bedroom listed at $600,000 and 1000 sq ft 2 bedroom listed at $1,230,000. The 2 bedrooms range from 1000 to 1600 sq ft. The re-sales are selling for 40-50% more than the pre-sale price in 2004. Average sale price is $850 pr sq ft. Read the rest of this entry »
The Olympic Village is Vancouver’s last waterfront community. Vancouver real estate statistics for False Creek South (Olympic Village) saw listings increase 50% and sales decline substantially. We can only track the activity for this neighbourhood through MLS, not the Developers who are pre-selling, but that will eventually change and then we can get a better feel for the neighbourhood. Most expensive listing $1,248,000 for 1141 sq.ft. sub penthouse (air conditioned) in Foundry. The increase in listings is due mainly to resales in Foundry at 1833 Crowe. Listings - Feb 19, Mar 18, Apr 16, May 26, Jun 28, Jul 18, Aug 26 Sales - Feb 0, Mar 3, Apr 5, May 3, Jun 4, Jul 10, Aug 2 Average Days on Market for Solds - Mar 22, Apr 28, May 14, Jun 41, Jul 94, Aug 37
Listings flat and sales in August were down from July. Vancouver real estate analysis for False Creek North saw listings down to 127. Sales dropped to 34 from the peak in May. Days on the market down to 42 and equal to a year ago. The average selling price up to $840,000 and the highest for the year. Average $ psf is up to $727 and also the highest for the year. The average supply of condos in this waterfront hood is 3.7 months, down from 17 in January. Six sales over $1 million. In March there were none over $1M. This neighbourhood now selling well under $700,000 and oversupplied over $1M which has a 9 month supply. See how bad things were in November. Listings - 127 only 3 listing under $400,000. 14 listed between $400,000 & $500,000. 21 listed between $500,000 and $700,000. 35 listed between $700,000 and $1 million. 37 listed between $1 & $2 million and 17 listed over $2 million. Least expensive $349,00 for 733 sq ft at 880 Pacific. Most expensive The 6900 sq.ft. Penthouse at 1000 Beach. Now listed at $9,800,000.
1616 Bayshore Drive #1804. Now $1,048,000. 1257 sq.ft. Welcome to Coal Harbour and Bayshore Gardens. This condo is the least expensive view 2 bedroom on the market. Steps to the waterfront. Enjoy the magnificent ocean, mountain and Stanley Park views from this luxury corner 2 bedroom, featuring a large view patio. The kitchen has granite island and countertops, Bosch gas cooktop, oven, dishwasher, Sub-Zero fridge and Sub-Zero wine fridge. Master bedroom ensuite features a double-sink vanity with pullout drawers, marble countertop, dressing mirror and faucets by Kholer. Enjoy 24 hr concierge, 2 parking & locker. Pets & rentals welcome. view the pictures
Above are the Vancouver real estate graphs for August for houses, townhouses and condos on Vancouver's west side.
Median house and condo price is up, townhouse price is down.
Condo listings are stabilizing at 1300 from nearly 2500 a year ago. The monthly new listings are also stabilizing. Sales increased from January to June and dropped slightly since then. For the year, the busiest price range is $300,000 to $450,000 . Year to Date over $1 Million saw 165 sales in Vancouver West Side (up from 30 for the first quarter). Total of 3305 sales for the year
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