Vancouver Condo Real Estate Video Blog #632 - January 13, 2010
Ian Watt's 2010 Downtown Vancouver Real Estate Year in Review - Part 2
Ian
Watt video blogs about the Downtown Vancouver real estate Year in
Review for 2010 for all 5 areas of the Downtown core which include
Yaletown, Downtown, Coal Harbour, Gastown and the West End. 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 afternoon it's Ian Watt in Downtown Vancouver. Doing the
year in review for 2010 it is January right now. But I'm focusing right
now on Downtown Vancouver obviously there five areas Downtown, Gastown,
Yaletown, Coal Harbour and the West End. Today were focusing on
Downtown, the most expensive sorry I got all my cheat sheets on the dash right
here. The most expensive place sold in Downtown this year, last year,
2010 was for 4.375 million for 4,996 square feet at the Wall Center.
Coincidentally that is also the largest place sold in the Downtown core.
Then we go to the cheapest place and that's at 789 Drake. I like to
call that building the sponge because I think it has some issues and
because a lot of people I've heard allegedly is a leaky condo and they
can't get financing I don't know but that's true but you can dig deeper
if you really want to. That was 789 Drake sold for 140,000 dollars and
that was 384 square feet just a small one but still cheap is cheaps and
that was 366 dollars per square foot cheapest one in Downtown in 2010.
Then we go to the opposite end the most expensive dollar for square foot
was buy some more on who bought at a new development at the corner of
Pacific and Seymour and that one there was 1,110 square feet and they
bought it for 1 thou or 1,432,000 dollars. That comes out to 1,290
dollars a square foot and that just include the HST. I don't know what
people are thinking on that one and the smallest place sold actually was
395 square feet a studio at the corner of Davie and Richards and that's
basically what had happened in 2010 for the most expensive, the
cheapest, the smallest price per square foot, the biggest price per
square foot and pretty much everything else is average out in between.
If you have any questions, my name is Ian Watt and you can always email
me at ianwatt@ianwatt.ca. Thank you very much and have a great day!