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

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Huge Drops in Coal Harbour Real Estate Activity by Ian Watt

 

Vancouver Condo Real Estate Video Blog #731 - September 17,  2012

 

Huge Drops in Coal Harbour Real Estate Activity

 

Ian Watt video blogs about how the real estate activity in Coal Harbour has decreased dramatically from 276 sales in 2011 (January 1 to September 15, 2011) to 160 sales in 2012 (January 1 to September 15, 2012). However the average price per square foot has only decreased $45. 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. 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.

 

BE SURE TO WATCH THIS VIDEO IN HD (CHANGE QUALITY ON THE BOTTOM RIGHT OF THE YOUTUBE SCREEN)

Ian Watt: Hi good afternoon it’s Ian Watt in Downtown Vancouver. As we know, real estate is super hyper loco. The difference between Yaletown and Coal Harbour is significant the price per square foot in all the areas of Downtown Vancouver is quite significant. However, Coal Harbour being the most expensive place in the Downtown core has seen a huge impact in 2012 as far as activity is concerned. Anyone who spins real estate and says real estate doesn’t changed in Downtown Vancouver it’s got to be line or they’re not checking out the stats. In 2011 January 1st to September 15, 2011 there were 276 sales all sizes from studios to penthouses. January 1st to September 15, 2012 hundred and sixty. From 276 to a 160 sales. Big change in 2012 in Coal Harbour. Also the price per square foot is still well over $800 dollars a square foot but its come down about $45 dollars a square foot. Not enough to make anyone panic and not significant enough to change the whole real estate market but as far as activity is concerned it’s definitely down from 276 to 160 sales. Big changes in Coal Harbour. My name is Ian Watt if you have any questions you can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!