Vancouver Condo Real Estate Video Blog #718 - May 20, 2012
Ian Watt's List of Yaletown A Class Condo Buildings and Why
Ian Watt video blogs about the difference between a Yaletown A Class Luxury Building and a Typical Yaletown B Class building and how finish, quality, location and demographic are important but average assessed value is an equally if not more important. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to email@example.com and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs. Please note that opinions, real estate practices, prices and data always changes over time, so please keep in mind the date when this video was published as the information could have become irrelevant over the past days, months and years. Copyright iWatt Media © All Rights Reserved 2012.
Ian Watt: Hi good afternoon it’s Ian Watt in Downtown Vancouver. A lot of people think Yaletown just full of luxury buildings and there a lot of great buildings don’t get me wrong. However in my opinion there are only five A Class buildings. To find those A Class buildings go just google Vancouver Penthouse and you will find my Vancouver-Penthouse.com website click on the Yaletown A Class buildings and it will show you the five that I think are A Class and everyone says Ian how did you come up with this list? Of course quality of finish, quality of the building, the demographic and the location are pretty obvious. But one thing that I think a lot of people don’t understand is the Average Assessed Value and that is so important. Now take 455 Beach Crescent, Park West that one there is the B Class building and I’ll explain why. If you take all the assessed values to buy the strata lots you have $865,000 per unit for an assessed value. Go across the street to King’s Landing at 428 Beach pretty much the same location, same developer, built around the same time, same outlooks but there and average assessed value is $2.5 million dollars. Pretty different if you asked me. The averages of all the buildings of the A Class buildings in Yaletown start around at $1.5 and go well over 2.5 so think about that next time you’re looking for an A Class building in a Yaletown. My name is Ian Watt and if you have any questions you can always email me at firstname.lastname@example.org. Thank you very much and have a great day!