Ian Watt Vancouver Condo Real Estate Video Blog #745 - January 21, 2013
The 2012 Coal Harbour Vancouver Condo Year in Review by Ian Watt
Ian Watt video blogs about the difference between the sales activity, price per square foot, average selling price for Coal Harbour Vancouver condos in 2012 versus 2011. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to firstname.lastname@example.org 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 Ian Watt © All Rights Reserved 2013.
Ian Watt: Hi good afternoon it’s Ian Watt in Downtown Vancouver. Doing the year in review for 2012 for Coal Harbour and what with the Coal Harbour 2012 numbers mean without the comparison to 2011 not a heck of a lot. So let’s look at 2011 first. In 2011 in Coal Harbour there were total of 335 sales in 2012 that number dropped down to 34% to 222 sales and also the average dollar for the average sale price of a condo in Coal Harbour in 2011 was 1.25 and the average price for a condo sale in 2012 was 1.14 million dollars and that’s down 9%. The average price per square foot in 2011 was 910 dollars square foot and in 2012 that drop 6% to 857 dollars per square foot. And I’m not done yet the average days on the market in 2011 was 58 days on the market and 2012 was 65 days on the market so changes all across the board. In Downtown, Yaletown, Gastown, West End and Coal Harbour are all the five areas that make up the Downtown core. 2012 the biggest loser was Coal Harbour. My name is Ian Watt and if you have any questions you can always email me at email@example.com. Thank you very much and have a great day!