Ian Watt Vancouver Condo Real Estate Video Blog #744 - January 14, 2013
The 2012 Gastown Vancouver Condo & Loft 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 Gastown Vancouver condos and lofts 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 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 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 and today we’re working on Gastown and Gastown like the West End were big winners in 2012. So check this out in 2011 the average sale price was $435,000 dollars. In 2012 the average sell price was $433,000 dollars it’s not a big change there as far as that is concern. But the price per square foot had gone up. In 2011 it was $544 dollars a square foot in 2012 we see a bump up to $558 dollars a square foot but another thing that’s really interesting is the average days on the market and if you watched last weeks blog you will know that the average days on the market was 48 dollar or 48 days on the market for 2012. But in 2011 in Gastown we saw it 40 days on the market but in 2012 in Gastown guess what? It jumped all the way to 31 days on the market goes to show price per square foot is going up in Gastown and days on the market is going down in Gastown everyone is seeing there is a lot of potential in Gastown. Things in Yaletown, Downtown and Coal Harbour are definitely down but there are pockets which are doing really well in the Downtown core one is Gastown and the other one we’ll talk about next week is the West End. 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!