Welcome to the blog section. In this blog I’ll be posting about what is happening around my neighbourhood (Yaletown & False Creek North), Vancouver luxury real estate,   real estate and related issues. If you have any suggestions, please let me know, have fun.
 
 
Tuesday, January 10, 2012

Vancouver West Multimillion Dollar Homes ($3M and up), Year End Review for 2011.

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Multimillion Dollar Homes ($3M and up).  
$3 Million dollars and up in Vancouver West.  
Year 2010
Total Sales                  208
Average sqft              5,513
Average Asking Price  $  4,610,873
Average Asking Price Per SQFT  $              866
Average Selling Price  $  4,265,730
Sale  price Per SQFT  $              812
Sale Price to List Price Ratio                    94
Average Days On The Market                    66

 

 

Multimillion Dollar Homes ($3M and up).  
$3 Million dollars and up in Vancouver West.  
Year 2011
Total Sales                  390
Average sqft              4,725
Average Asking Price  $  4,526,466
Average Asking Price Per SQFT  $              979
Average Selling Price  $  4,321,167
Sale  price Per SQFT  $              941
Sale Price to List Price Ratio                    96
Average Days On The Market                    41

 

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.

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