Vancouver Real Estate News

by Vancouver Realtor ® Russell Sharp

Saturday, January 28, 2012

Vancouver Real Estate: What is happening in the West End of Downtown?

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In the beautiful waterfront neighbourhood of Vancouver's West End what is happening with the prices? What is the average days on the market and what is the average sales price? How do prices compare to last year? Well, in December we saw listings flaten out and sales dropping by half. The Majority of condos were still under $500,000 which favoured the lower end selles. In general the sellers need to be priced no more than 4% above the market to stimulate the incoming offer process. Compared toa year ago Vancouver West end has gone down by 0.2% with a benchmark price of $497,213.  So what does it cost me to buy in the Vancouver West End? Well, 2 bed townhouses go from $550,000 and studio condos can go for as low as $200,000, one bedroom condos from $280,000 and 2 bedroom condos from $450,000. Most places will sell for under $500,000 with a third selling for between $500,000 and $750,000.  If you are looking to buy or sell your Vancouver waterfront real estate, or your Vancouver condo then please call 604.437.4277.

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