Vancouver West End condo market stable, averaging 20 sales per month

Feb. 24, 2009 - PRLog -- Vancouver West – West End Vancouver condo sales over the past five month have been relatively stable with 20 sales per month average.  There were 60 sales in the 4th Quarter of 2008, 26 sales in January and 18 sales to date this month.  There is good inventory levels with 267 condos for sale.  

Posted by Kevin Lynch
February 24, 2009
www.realestatenewsvault.com

The West End real estate market for February posted 18 sales including 1 bachelor suite, 9 one bedrooms, 7 two bedrooms, and 1 three bedroom unit.  The lowest priced one bedroom unit sold was priced at $235,000, the highest was listed at $489,900.  The lowest priced sale two bedroom unit sold was listed at $349,900, the high was listed at $1,395,000.  The highest price sale for the month was a penthouse suite with 4,300 square feet, 3 bedrooms and was listed for sale at $2,990,000.  

The average one bedroom West End condo had 643 square feet, a list price of $371,000, a sale price of $350,000, a price per square foot of $550/sf, a list to sale price ratio of 95% and sold within 33 days of their listing date.

The average two bedroom sale had 1,151 square feet, a list price of $730,000, a sale price of $659,000, a sale price per square foot of $550/sf, a sale price to square foot ratio of 92% and sat on the market for 67 days.  

West End total sales posted in January were 26, including 14 one bedroom units and 11 two bedroom condos.    The lowest price sold one bedroom condo was listed for $175,000, sold for $162,000 and 443 square feet.  The high price one bedroom condo was listed at $699,000, sold for $625,000 and had 1,116 square feet.  

The average one bedroom condo sale in West End had 649 square feet, a list price of $354,000, sale price of $331,000 and a list to sale price ratio of 93%.  It took 67 days to sell.

The average two bedroom sale in January went for $1,388,000, was listed at $1,499,000, had 2 bedrooms, 3 bathrooms and 1,617 square feet.  It had a 95% list to sale price ratio and sold in 72 days.

West End sales totals for the last quarter of 2008 came in at 60, with 36 one bedrooms and 22 two bedrooms.  The lowest priced one bedroom sale was listed at $199,000 and sold for $181,000.  The highest price one bedroom sale was listed at $458,000 and sold for $428,000.  The average one bedroom condo had 645 square feet, was listed for

If you have any questions about these Vancouver West End condos, please contact Kevin Lynch.

About Real Estate News Vault

Real Estate News Vault founder, Kevin Lynch, is a local real estate expert with nearly 20 years of sales and marketing in the local real estate industry. He is the developer real estate marketing system for home sellers like Real Estate 7.0 (www.realestate70.com) and has now developed Real Estate News Vault (www.realestatenewsvault.com)  to help inform and educate buyers, sellers, business professional and media.

Copyright protected. You may use this article in full without adjustments or changes of any kind including title, links, copy and disclaimers. Should you wish to re-write or adjust for your own purposes, you may do so only if you refer to Kevin Lynch and include a web site link to this page. Should media want to contact me for an interview or to discuss markets, you can reach me here.

This article is not intended to induce or cause breach of an existing agency relationship.  Statistics compiled from REBGV, however, the enclosed information while deemed correct, is not guaranteed.  

Kevin Lynch
Sutton Group West Coast Realty
604.307.9448
www.realestatenewsvault.com

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Vancouver's top real estate news resource for buyers, seller, media and press, realtors and investors. Kevin Lynch is Vancouver's premier real estate agent helping people realize their home ownership and real estate investment dreams.