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Coal Harbour’s Condos is proud to present an up-to-date and detailed market report for the downtown neighbourhoods from July 4th – July 11th.

Downtown Vancouver Market Update July 4th – July 11th

Downtown listing supply rebounded in a big way this week after decreasing for two consecutive weeks previously; we saw 145 new attached listings downtown this week, which accounted for 54% of the aggregate 269 new attached listings across Vancouver West (a listing ratio increase from the 49% we saw downtown previously).  The high-density downtown core areas (including Gastown and downtown proper) led the way with some large gains, as we saw 60 new attached listings in the neighbourhood (up from the 37 new attached listings we saw last week). The newly labeled Yaletown neighbourhood (YA), again had a solid showing with 30 new attached listings (similar to the 28 new attached listings we saw last week), well Coal Harbour also trended upwards on the listing side with 21 new attached listings (a relatively big increase from the 10 new attached listings we saw the previous week). Overall, downtown saw a fairly sizable increase in listing activity with 145 new attached listings, up from the 95 new attached listings we had seen last week.

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Coal Harbour’s Condos proudly presents our Coal Harbour Quarterly Report for Quarter 2 2011. This report features building specific sale and listing information as well as real estate board economic and market activity reporting!

New listings for detached, attached and apartment properties in Greater Vancouver totaled 5,793 in June. This represents a 4.5 per cent increase compared to June 2010 when 5,544 properties were listed for sale on the MLS and a 2.3 per cent decline compared to the 5,931 new listings reported in May 2011.

Sales of apartment properties reached 1.266 in June 2011, a 0.6 per cent increase compared to the 1,258 sales in June 2010, and a decrease of 29.3 per cent compared to the 1,790 sales in June 2009. The benchmark price of an apartment property increased 3.5 per cent from June 2010 to $405,200.

Attached property sales in June 2011 totaled 525, an 8.7 per cent decrease compared to the 575 sales in June 2010 and a 34.5 per cent decrease from the 802 attached properties sold in June 2009. The Benchmark price of an attached unit increased 6 per cent between June 2010 and 2011 to $522,424.

Please click HERE to view the Coal Harbour Quarterly Report in it’s entirety via Adobe PDF!

Coal Harbour’s Condos is proud to present an up-to-date and detailed market report for the downtown neighbourhoods from June 13th – June 20th.

Downtown Vancouver Market Update June 13th – June 20th

First order of business; the real estate board has re-classified an area of downtown in order to accomodate a ‘Yaletown’ tag, now registered as ‘YA’.  From here on in we’ll be looking at Yaletown as a unique listing and sales neighbourhood as opposed to a section of the downtown core (‘DT’ classification) as we have in the past.  Attached listing supply declined overall downtown this week after posting gains in the previous two periods; we saw 104 new attached listings in the downtown neighbourhoods, which accounted for roughly 49% of the aggregate 210 new attached listings we saw across Vancouver West.  Our new Yaletown (YA) area constitued 20 new attached listings or roughly 19% of all listing supply downtown; the remaining dense downtown core area (now composed of Gastown and downtown proper) led the way with 45 new attached listings or around 43% of all attached supply. Coal Harbour and False Creek North weakened on the supply side this week with 11 new attached listings in Coal Harbour and 6 new attached listings in False Creek North.  Of note, False Creek North also lost some of it’s listing area to the new Yaletown classification.

Click HERE for full article.