Vancouver Real Estate Market statistics by Chantal Vignola Century 21 In Town Realty

What Vancouver Real Estate is Selling?

April 30th, 2010

 

What’s selling the best in Vancouver condos? Suites listed under $500,000

I took a look at the April sales to see what’s selling. MLS to date shows 229 condo sales and of those 131 (58%) sold under $500,000 (of those 1% sold under $300,000, vs 12% in Feb),  82 (35% )sold between $500,00 and $1M and 16 (6%) sold over $1M.(down from 15% in Feb). It’s a tie between the l and 2 bedrooms, same number of sales for each but the 2 bedrooms have more supply. Currently 2,284 west side condos for sale (up from 1,000 in December).

Average $ psf - Feb $650, Apr $645

Average Sale Price - Feb $660,000, Apr $566,000

Average Days on Market - Feb 32, Apr 28

Sale price to list price ratio - Feb $97%, Apr 98%

Apr - 133 sales were 1 bedrooms. (50%). average sale price $409,000.  sale price to list price ratio 99%. Average $psf $628. 16 reduced their original list price. Listings 877 (6.5 months supply).

Feb - 121 sales were 1  bedrooms  (43%). Average sale price $405,000 and average days on market was 25.  Sale price to list price ratio was 98%.  Average $psf $599. Only 7 of the 75 sales reduced their original list price and only one seller increased the original list price.

% of condos that sold - 1 bedoroms - Feb 43%, Apr 50%. 2 bedrooms - Feb 45% , Apr 45%

Apr - 131 were 2 bedrooms (50%). Average sale price was $709,000 and average days on market was 31. Sale price to list price ratio was 98%. Average $psf 654. Twenty sellers reduced their original list price. Listings 1,145 (8.7 months supply)

Feb - 80 sales were 2 bedrooms (or 45%).Average sale price was $672,000 and average days on market was 33. Sale price to list price ratio was 97%. Average $psf was 672. Ten sellers reduced their original list price and only 2 increased it.

In April 2009 there were 410 condo sales and 70% were under $500,000 and only 5% sold over $1M. Average $psf $561

 


Chantal Vignola
Sales Representative
Century 21 In Town Realty
Office:(604) 685-5951  
Cell: (604) 417-4457 www.chantalvignola.com


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Michael La Prairie

Michael La Prairie

Owner
CENTURY 21 In Town Realty
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