Market Update : Coal Harbour, Yaletown, False Creek North, Downtown, Coal Harbour
Listing versus Sales update for October 20th - October 28th
230 new listings over the Vancouver West Region with 121 (53%) falling in the downtown areas (including: West End, Downtown, Coal Harbour, and False Creek North sub-areas).
New Listings Per Sub-Area:
- Downtown Core: 53 (43%)
- Coal Harbour: 12 (10%)
- West End: 42 (35%)
- False Creek North: 14 (12%)
53 total sales in the Vancouver West Area (VW) with 29 (55%) falling in the downtown areas.
Sales Per Sub-Area:
- Downtown Core: 14 (48%)
- West End: 6 (21%)
- Coal Harbour: 4 (14%)
- False Creek North: 5 (17%)
TOTAL: 29
As
we can see downtown is still one of the most active real estate markets
in the Greater Vancouver Region with listing and sales ratios over 50%
of the regional aggregates. This indicates the downtown core is still
leading market activity. Unfortunately, the listing to sales ratio in
the period falls to [53 : 230] or 23% of marketable product
resulting in successful sales. Of those sales the majority of product continued to
move in the $300,000 to $600,000 price bracket.
In addition to our statistics this week we have attached the 'Rent versus Buy Calculator'
forwarded to our office via a friend of mine working as mortgage broker
in Greater Vancouver. This is a great little tool that allows to to do
your own mini-cost-benefit analysis regarding whether or not you are
better off in your current rental situation versus buying and putting
your money towards a mortgage.
The calculator can be found at the following link: http://www.caamp.org/tools/
We would also like to bring your attention to our Open House at 1155 W Cordova St.
This fabulous townhouse will be open for public viewings on Saturday November 1st, and Sunday November 2nd between 2pm and 4pm. Please do not hesitate to drop by and say 'hi' to Susan and her team!