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Ian Watt Personal Real Estate Corporation - Sotheby's International Realty Canada

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2009 Vancouver Condo Averages for Sales of Studios and 1 & 2 Bedrooms

Vancouver Condo Real Estate Video Blog #472 - December 23, 2009

2009 Vancouver Condo Averages for Sales of Studios and 1 & 2 Bedrooms

Ian Watt video blogs about the 2009 real estate year in Downtown Vancouver, in particular the 2009 Vancouver Condo Averages for Sales of Studios and 1 & 2 Bedrooms in the Downtown core which includes Yaletown, Downtown, Gastown, the West End and Coal Harbour. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs.

Ian Watt: Hi Good Morning, It's Ian Watt in Downtown Vancouver. It's a year in review fro 2009 and have a bit of chichi beside me coz I'm trying to remember all this numbers for the averages of one bedroom, studios, two bedrooms etc. etc., So I have the studio numbers right besides me and what it is? The average studio sale price was 2,882 dollars average size was 474 square feet and the average days on the market were 33. That makes 607 dollars per square foot on the average. The one bedroom jumps up significantly were looking at 386 thousand dollars for the average price of a one bedroom which is the average of 649 square feet and that would be about 600 dollars per square foot and the average days on the market were 37. Now go to two bedrooms, in two bedrooms jumps up significantly and this are all the two bedrooms in the Downtown core. Were looking at the average size of eleven hundred square feet. The average sale price was 756 thousand dollars or 644 per square foot and the average days on market were 54 days and that's all the Downtown core for studios, 1 bedrooms and 2 bedrooms. And when I say the Downtown core I mean Gastown, I mean Yaletown or False Creek North as you might say. Downtown as the MLS calls it, the West End and Coal Harbour. Those are the averages and although it's a very hot market. It's been fantastic this year as far as sales are concern. It really goes to show you that when you jump up to two bedrooms the price really jumps up. My name is Ian Watt and if you have any questions. You can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!