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maggie chandler

vancouver real estate analysis for olympic village

Less than 26 days to go! Vancouver's 2010 Winter Olympics commence on February 12, 2010. View Events

The Olympic Village is Vancouver's last waterfront community. Vancouver real estate statistics for False Creek South (Olympic Village) saw December sales the best for the year and listings flat. Average sold price $419,000 and list price to sales price ratio 99%.

In her report to council in October, city manager Penny Ballem confirmed that 420 units of the 1,100 total units on the site (including affordable housing) have been "inspected, approved and locked down by VANOC". MilleniumWater will be pre-selling the remainder in May

We can only track the activity for this neighbourhood through MLS, not the Developers who are pre-selling, but that will eventually change as they all become resales and then we can get a better feel for the neighbourhood. Most expensive listing $1,590,000 for 1225 sq.ft. penthouse (air conditioned) in Foundry.

vancouver city meter rates set to rise

From Glen Korstrom , BIV Vancouver’s projected $61M budget shortfall will cost drivers more money every time they we plug the city meters. Vancouver’s Mayor supports proposals in a report presented to council December 1st that include hiking the pricest downtown parking rate to $6 per hour from $5 per hour. That would place Vancouver among the highest priced cicties in North America for street parking. The report also suggests extending hours covered by parking meters to 10pm from the current 8pm, and be in effect from 9am.

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what's ahead for metro vancouver's real estate?

by James Schouw BIV, December 14, 2009. James Schouw is the owner of James Schouw and Associates Inc. and is a former BIV Forty under 40 award winner

A year ago Vancouver was hit by the global economic and credit tsunamis and the 7 year real estate boom was declared dead. Sales were sluggish and may expected recovery to be slow and painful.

REBGV reports that sales year over year to October 2009 increased 171.6%, representing 171.6% of October 2008's tally.

What happened and what's next?

To answer, it's important to recognize some often misunderstood dynamics driving our real estate market. A common characterization is that homes listed for resale represent inventory

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Pacific Palisades Hotel to be converted to Residential

Anthem Properties Group who owns the 233 unit Pacific Palisades Hotel on Robson Street is converting the 44 year old property to residential use later this year.

The hotel will be closed at the end of April. The hotel was built as an apartment building and would require a large investment to make it competitive with other new hotels in the neighbourhood - the Shangri-la, the Loden and the Coast (just opening in Coal Harbour and closing the one on Comox Street).

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Vancouver Real Estate Analysis for Kitsilano

Listings and sales down. Kits condo supply at a record low for the year. Vancouver real estate market analysis for Kitsilano condos for November saw the average sale price dipped to $428,000 as more lower condos sold. Average $psf for solds $566. Average Days on the market for sold condos up to 26. List price to sale price ratio 99%, indicating a seller's market. October saw 80% of the sales under $500,000. 5 listings didn't sell or were cancelled, same as October and up from 2 in Sept and 6 in August. Overall a good year, market still in need of listings.

Listings- 65 . 3 listed under $300,000. 9 listed between $300,000 and $400,000, 25 listings between $400,000 and $500,000. 11 listings between $500,000 and $600,000 and 16 listed between $600,000 & $1M and 1 listed over $1M. Currently there are 2 studios listed, 30 are one bedrooms and 36 are 2 bedrooms.

2008 Listings -Dec 117 , Nov 171, Oct 187, Sept 184, Aug 166, July 159, Jun 157, May 145, Apr 130

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