The article is called “In a cooling housing market should you wait to buy hurry up to sell? Here’s the link to the full article: http://www2.macleans.ca/2012/02/03/in-a-cooling-housing-market-should-you-wait-to-buy-and-hurry-up-to-sell/

Sub PH2 – 1011 W. Cordova, Fairmont Pacific Rim, Coal Harbour, Vancouver, Canada.

Stunning Fairmont Pacific Rim Sub-PH with sensational huge landscaped deck. Located on Coal Harbour waterfront above the 5 Star Fairmont Pacific Hotel this unique luxury residence has many sophisticated features including Corian millwork,  white marble baths, chef's kitchen, extensive lighting, distributed music system, home theater & automation, & outdoor fire pits. A rare trophy property with views stretching from Stanley Park, Coal Harbour, the Five Sails and to Burrard Inlet that is perfect for entertaining. Includes 4 parking stalls & massive private storage room. Enjoy all the amenities of Fairmont Pacific Rim including Concierge Service, luxurious gym & spa, valet parking, room service, maid service, & BMW chauffer drivers. 

Name of Building: Fairmont Pacific Rim

Bedrooms: 2

Bathrooms: 2.5

Age: 2

Grand total area: 3,358 sqft

Asking price: $11,288,000

Listing info courtesy of New Asian Realty Inc.

PH10- 1717 Bayshore Dr., Coal Harbour, Vancouver, British Columbia, V6G 3H3.

The Waterfront Penthouses at “Bayshore". Certain residences stand apart. Bayshore's penthouses offer the attributes of a home you prize so highly - 2 levels of abundant space, absolute privacy & extraordinary luxury. Some of the many wonderful features include entertainment-sized rooms with high ceilings, customized interior with your ultimate gourmet kitchen,family room, sumptuous ensuite bathrooms, plus 2 levels leading to spectacular private rooftop terraces. This stunning residence is set right on the waterfront & offers 1,500 sq ft of terraces with gas barbeque outlet, fire pit & more! All overlooking panoramic marina and Stanley Park views. As a resident, your amenities includes concierge service, health club, social rooms & more.

Name of Building: Bayshore Drive

Bedrooms: 3

Bathrooms: 4.5

Age: 12

Grand total area: 3,306 sqft

Asking price: $ 5,298,000

Listing info courtesy of Royal LePage Westside

1333 W 54th Av., South Granville, Vancouver, British Columbia, Canada, V6P 1N7

Greeted by a striking water fountain & beautiful landscaping. Main floor feat soaring 20' ceiling foyer /w domed skylight, marble & cherry wood flooring, stunning gold plated ceiling in powder room, den refined by full size cherry wood wainscoting, 2 elegant stairs & elevator. Large formal principal rooms, gourmet chef's kitchen & wok kit /w top brand appliances, adjoining eating area by large 20' height family room overlooking a park-like backyard. 4 ensuites up, den includes a spa-like master w/ gigantic walk-in closet. Versatile basement has 2-guest room, exercise room, swimming pool, steam & sauna room, new audio sys in theatre room, wine cellar, billiard room & cozy sitting area. House is furnished /w computerized home automation system.

Bedrooms: 8

Bathrooms: 7.5

Age: 7 years

Total finished floor area: 11,169 sqft

Total lot area: 20,762 sqft

Asking price: $12,360,000

Listing info courtesy of Royal Pacific Realty

Last Saturday one of my latest sales was published in the Globe and Mail, here’s the link to the full article:

http://www.theglobeandmail.com/life/home-and-garden/real-estate/done-deals/separate-wok-kitchen-seals-kitsilano-home-sale/article2309629/

Precio: $ 1.099.800
Información completa: http://propertiesbymanny.com/mylistings.html/details-22138678
Gran ubicación, al norte de la 4ta avenida, a unos pasos de la playa, club nautico y de tenis. Techos altos, encimera de granito, electrodomésticos de acero inoxidable. Garaje privado. Vistas al mar, montaña y ciudad desde el patio de la azotea y dormitorio principal. El dormitorio principal cuenta con un balcón tipo Julieta.

售价：$1,099,800
全部信息：http://propertiesbymanny.com/mylistings.html/details-22138678
第四届北，大的位置，步骤，沙滩，网球及在杰里科海滩的游艇俱乐部和第四大街的商店和餐厅。高高的天花板，花岗岩台面，不锈钢用具。担保车库，其余10年2月5日保修。令­人惊叹的水，城山从屋顶甲板和主卧室。主卧室与朱丽叶阳台。

Asking Price: $1,099,800
Full information: http://propertiesbymanny.com/mylistings.html/details-22138678

Great location, North of 4th, steps to beach, Tennis & Yacht Clubs at Jericho Beach & 4th Avenue shops & restaurants. High ceiling, granite countertops, stainless steel appliances. Secured garage, remainder of 2-5-10 warranty. Stunning water, city & mountain view from rooftop deck & master bedroom. Master bedroom comes with a Juliette Balcony.

3287 Point Grey Road, Kitsilano, Vancouver, British Columbia, Canada, V6K 1B3

Premier Waterfront Address! Hidden behind a privacy hedge a 66 ft frontage of waterfront pedigreed property! Designed by Arthur Erickson,  renovated 2008 Robert Ledingham, landscapes by Paul Sangha & received the AWM Award for Excellence!This flawless home is rich in textures, such as African mahogany, Berman glass, detailed walls, the finest in workmanship and quality! A grand foyer, classic & elegant principle rooms each with unparalleled VIEWS! Dream kitchen featuring every imaginable appliance and accessory! Breathtaking master w/ ensuite bath, steam shower & private entry to pools for your morning dip! Sensational use of light and gorgeous space combining both outdoor and indoor living. Pedigrees do not come better!

Bedrooms: 3

Bathrooms: 3.5

Age: 43 years

Total finished floor area: 5,608 sqft

Total lot area: 9,055 sqft

Asking price: $14,200,000

Listing info courtesy of Sutton West Coast Realty

What an amazing 2011 was for Luxury Homes in Vancouver West, we saw an increase in sales of about 87.5% or 182 properties compared to 2010. The average days on the market was way down from 66 to 41, but remember this is just an average, numbers tend to be tricky, as most of the sales were in the beginning of the year. Let’s see how 2012 turns out. So far it still very quiet, but that is seasonal, everyone is getting back to work after the holidays.

2011 was a good year for the Luxury Condos, it saw an increase in sales of 20% or 20 condos. The average days on the market was up by 7 days. What do you think will happen for 2012?

The Real Estate Board of Greater Vancouver Housing Market Year End Update for December 2011 with REBGV president Rosario Setticasi.
For more news and statistics visit us at http://www.rebgv.org
Follow us at http://www.facebook.com/REBGV andhttp://www.twitter.com/REBGV

*Displayed price was the actual "asking price" and may not be the actual price for which the property sold. Condos are located  in the " Downtown Vancouver" area, including "Coal Harbour" and "Yaletown".

Pictures courtesy of www.MLS.ca

For more pictures of each property, just click on the name:

1- 4101-1077 W. Cordova St., 7 bed, 7 bath, $15,500,000.

2- 3801-1199 Marinaside Cr., 3 bed, 7 bath, $7,980,000.

3- 2301-1328 Marinaside Cr., 4 bed, 6 bath, $7,800,000.

4- 2601-1000 Beach Av., 4 bed, 6 bath, $7,500,000.

5- 2601-1139 W. Crodova St., 3 bed, 4 bath, $6,500,000.

 
*Displayed price was the actual "asking price" and may not be the actual price for which the property sold. Homes are located  in the "Vancouver West" area.

Pictures courtesy of www.MLS.ca

For more pictures of each property, just click on the name:

1- 4826 Drummond Dr. 7 bed, 8 bath, $19,900,900.

2- 4791 Belmont Av. 6 bed, 8 bath, $19,800,000.

3- 3233 Celtic Av. 8 bed, 8 bath, $16,800,000.

4- 1488 Laurier Av. 6 bed, 8 bath, $15,870,000.

5- 4728 Drummond Dr. 9 bed, 8 bath, $13,880,000.

As I predicted last month, sales were down by about half, from 15 we only had 7 sales.

Note something very special, the Average Days on the Market is way up to 130, that number is really high, during 2011 the lowest number was 22 days, and on average it was 45. That high number means that buyers have a lot of leverage when buying a luxury property.

For January, most likely we will see the sales triple, but most likely February will be the best month of 2012 and homes with land will be more favourable than condos.

Well, as I wrote last month, sales for both condos and homes were way down, but for condos 2 of the 3 sales were very hard to sale units, congratulations to the Realtors that completed those sales.

January will see an increase in sales, most likely there will be 6 or 7 luxury condos that will exchange owner.

4502-667 Howe St., Downtown Vancouver, British Columbia, Canada, V6C 0B5.

The Private Residences at Hotel Georgia - Vancouver's finest luxury hotel residence - legacy and landmark. The historic jazz age hotel and modern signature skyscraper create a beautifully blended juxtaposition of old and new. Residents will enjoy an elegant home with remarkable finishes, suite features, floor plans and views. Privileged hotel services and amenities provided by the lovingly restored Hotel Georgia and managed by Rosewood Hotels is only part of this unique living experience. Live the life in the true heart of downtown Vancouver - step into the business district, explore the luxury shopping boutiques, enjoy Vancouver's finest restaurants or walk to theatre and music events and art galleries. Live the Legend.

Name of Building: Private Residences Hotel Georgia

Bedrooms: 4

Bathrooms: 4.5

Age: new, to be completed early 2012

Grand total area: 3,499 sqft

Asking price: $7,759,000

Listing info courtesy of Delta Realty Services Ltd.

If you don’t know what to give to that special someone that loves real estate or investing,  let me suggest you a book called “Investing in Condominiums”. By Brian Persaud and Randy Ramadhin. It is currently the number one seller under the Real Estate category in Amazon. The book contains lots of tips  and what to watch for when buying a condo in Canada, it is useful for either the investor or the end user.

PS- I have a small participation as @yaletownliving

2954 W 23rd Av., Arbutus, Vancouver, British Columbia, V6L 1P5.

Custom built luxury home by one of Westside's premier home builders "TRASOLNI CHETNER". This 5 year old home boasts many special features including radiant in floor heat, domed ceilings, natural wood stained windows,  extensive home automation, light control system and full security. Terrific floor plan with a cross-hall living & dining areas as well as a spectacular gourmet kitchen & family room overlooking a private backyard, complete with sports court, playground, bbq and relaxing water fountain. 4 spacious bedrooms up including a master suite with a walk-in closet and an ensuite with a walk out balcony & private hot tub. Lower level is ideal for nanny or guests with full gym or media room. Great location.

Bedrooms: 5

Bathrooms: 3.5

Age: 5 years

Total finished floor area: 3,714 sqft

Total lot area: 6,049 sqft

Asking price: $3,658,000

Listing info courtesy of Westside Tom Gradecak Realty

6 fewer units compared to November 2010. Average asking and selling price lower than 2010. For December of this year, most likely we will see about half of November sales.