YALETOWN CONDOS including FALSE CREEK NORTH CONDOS
Yaletown/False Creek North is located in the SE part of the Downtown Vancouver pensinsula.
Many of its luxury waterfront condo buildings have stunning views of False Creek and/or English Bay.

Yaletown real estate trends - 20 April 2013

• 224 Yaletown condos are listed for sale
• 20 Yaletown townhomes are listed for sale on MLS
• 43 condos sold in Yaletown in March 2013. The average marketing time was 42 days and the median marketing time was 25 days during the last listing of the property.
• Five Yaletown townhome sold in March 2013

Greater Vancouver real estate trend - 4 February 2013

• In January 2013 the one year change in the number of sales of all types of residential properties was -14.3% and of condos was -12.3%
• The one year change in new listings of all residential properties was -10.9%. Total number of listings increased by 5.6% compared to January 2012 and decreased by 4.5% compared to December 2012. 
• The benchmark price of condos decreased by 2.9% compared to January 2012.
• The number of sales of townhomes declined by 10.7% and the benchmark price decreased by 1.7% over the twelve month period since January 2012.

The decrease in price of properties over the last year is marginal compared to the decline in the number of sales. Many sellers will not sell at lower prices and take their property off the market expecting an increase in values.

For more extensive Yaletown real estate information go to "Market update".

Are you waiting for the right time to buy your new Yaletown condo?
Now is a great time for buyers:

1. Mortgage rates are low at around 3% for 5 year fixed and some institutions offer lower variable rates.
2. Prices are more reasonable or at least have not increased like we have become accustomed to over the last many years.
3. You do not need to worry about competition in a multiple offer situation.
4. Is this the lowest price point in the market? Only hindsight can answer this question but now looks like a great time to purchase that new condo.

Newer Yaletown condos and False Creek North condos

• In 2010 The Ericksen completed - see picture to the right. The Ericksen is the luxury condo and townhome development at 1560 Homer Mews located at the bend in False Creek and adjoining the sea wall. Many of the condos and townhomes have wonderful close in water views. 
• In 2009 three buildings just north of the Cambie bridge completed:
  1.  Flagship at 8 Smithe Mews,
  2.  Coopers Lookout Villas at 9 Smithe Mews and
  3.  Coopers Lookout at 33 Smithe Street.
• In 2008 four buildings completed
  1. Luxurious Grace located at 1280 Richards and 499 Drake. -  a beautifully designed building with attractive features.
  2. Heritage style Ellison at 1228 Homer
  3. H&H at 1133 Homer
  4. and the third and last phase of Yaleton Park at 977 Mainland. The first phase is 928 Homer (2006) and the second phase is 909 Mainland (2007).

 Please contact me for more information about the above or other any properties.

I am a leading Vancouver Realtor and Yaletown area specialist and am successfully selling real estate since 1991. I specialize in luxury condos and investment properties and have worked with many non resident Buyers and Sellers as well as local clients.

Are you looking for superior results? Contact me and take the first step to achieving your goal. Testimonials.

phone: 604 926 3936
email: christinelouw@shaw.ca

• REMAX Hall of Fame
• REMAX Lifetime Achievement Award
• Transnational Relocation Certified Realtor ®
• Specialist in Luxury Homes and Investment Properties