Yaletown Residences is pleased to introduce our ‘Building Spotlight’ feature. YR will be publishing in depth ’spotlight features’ on different buildings in the Yaletown & False Creek North neighbourhoods. These reports will feature general building information, developer specifications, pictures, as well as listing and sales trend statistics for 07/08.
Building Specifications
Subdiv/Complex: Yaletown Park I
Civic Address: 928 Homer Street
Completed: 2006
Number of Units: 286
Developer: Wall Financial Corporation
Strata Plan #: PL BCS2103
Building Description
Yaletown Park offers a multiplicity of Vancouver’s enticing views. The elegant spines and distinctions of downtown’s architecture. The gentle curving features of Coastal Mountains are yours to enjoy everyday.
Interiors
Imported Delicacies and Local Delights. Serve a seductive mix of both in your peninsula-styled kitchen with it’s built in wine rack and pull-up bar stool. Enjoy the texture of stone composite counters and glossy white GE appliances warmed by cherry or maple laminate cabinetry and glass doors lit from within.
Stylish Bath Decore. Real Italian marble forms the contemporary vanity countertops and accents the pristine white tub. Turn on the Italian polished chrome faucets and bathe in the light of custom halogen fixtures.
Truly a Beguiling Living Space. Colour schemes that radiate your style - the warmer “Yaletown” or the edgier cool of “Downtown”. Bare your feet to the plushness of custom designed carpeting in your living, dining and bedroom areas to the smoothness of porcelain everywhere.
Location
Yaletown’s 8 blocks were some of the first streets in downtown Vancouver laid out in 1886 by L.A. Hamilton, one of the cities first Alderman. A century later, after EXPO 86, its distinctive heritage warehouses of exposed brick were first rediscovered.
Today the area is renowned for its first rate shops and restaurants. Urban Fare, Blue Water Raw Bar & Cafe, Beauty Mark, Skoah Spa, Choices, Cioppino, Mavi Plus innovative theatre and dance at the Roundhouse Community Centre, home to the locomotive engine that pulled the first transcontinental passenger train into Vancouver.
Amenities
Listing Activity Q1 2009
2-bdrm listed for 100 days at $610,000 or $799 per sqft.
1-bdrm listed for 16 days at $354,900 or $701 per sqft.
1-bdrm listed for 44 days at $368,000 or $727 per sqft.
1-bdrm listed for 86 days at $326,000 or $613 per sqft.
1-bdrm listed for 8 days at $349,900 or $580 per sqft.
Sale Statistics Q1 2009
2-bdrm listed at $444,900 / sold at $430,000 or $591 per sqft.
2-bdrm listed at $425,758 / sold at $415,000 or $571 per sqft.
2-bdrm listed at $415,000 / sold at $402,500 or $562 per sqft.
1-bdrm listed at $329,000 / sold at $310,000 or $577 per sqft.
1-bdrm listed at $339,000 / sold at $325,000 or $642 per sqft.
1-bdrm listed at $294,700 / sold at $294,700 or $599 per sqft.
1-bdrm listed at $299,999 / sold at $291,000 or $588 per sqft.
1-bdrm listed at $299,900 / sold at $288,000 or $570 per sqft.
If you are interested in more in depth statistics on our buildings please do not hesitate to get in touch with us via phone or e-mail! We have assessment figures, days on the market, comparable sales, and much more! Please visit http://www.mrdowntown.ca for more up to date real estate information!
We have compiled sales and listings statistics for the period running from March 23rd to March 30th, and released them in this easy to read format! If you have any further questions or require more detail please get in touch with us. Entrance level buyers continued to actively browse the market as showing activity again increased this week, and sales remained at a higher benchmark as we move into early Spring. New listings have continued to decline (down to 132 from 170 or 22%), which indicates strong market variables amongst sellers who are not ‘afraid to hold onto product’ in a relatively down market. This demonstrates the continuation of the ‘tightening up’ of the downtown market (and Vancouver West markets in general). As mentioned, we expect the increased buyer activity and great lending conditions to result in an increase in sales as we continue into Spring.
Listing versus Sales update for March 23rd - March 30th
132 new listings in the Vancouver West Region with 72 (55%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
TOTAL : 72
111 total sales in the Vancouver West Region with 66 (59%) falling in the downtown areas.
Sales Per Sub-Area:
TOTAL : 66
Sales continued their relatively strong performance over the first quarter 2009, moving from 94 sales to 111; the number remains well below seasonal norms but has improved notably over the past 12 weeks. We expect stronger sales movement to continue through early-Spring. As stated previously there has been an influx of buyer activity over the past month and a half, as more individuals seem to be looking at price depreciation and favorable mortgage conditions. The sales to listing ratio also remained strong this past week sitting at [111 : 132] or 84% - with market equilibrium, and the bottom of the current housing recession now in sight!
If you have any questions about specific figures or activity in your neighbourhood please do not hesitate to give us a call! And remember to visit www.vancouverrealtyonline.com for up to date statistics, new listings, and all relevant real estate news!
#250 4255 Arbutus Street Vancouver, BC V6J 4R1 Canada
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
