Vancouver Real Estate Analysis for False Creek North Aug 2009
September 17th, 2009 Categories: False Creek North, Real Estate
Listings flat and sales in August were down from July. Vancouver real estate analysis for False Creek North saw listings down to 127. Sales dropped to 34 from the peak in May. Days on the market down to 42 and equal to a year ago. The average selling price up to $840,000 and the highest for the year. Average $ psf is up to $727 and also the highest for the year. The average supply of condos in this waterfront hood is 3.7 months, down from 17 in January. Six sales over $1 million. In March there were none over $1M. This neighbourhood now selling well under $700,000 and oversupplied over $1M which has a 9 month supply. See how bad things were in November.
Listings - 127 only 3 listing under $400,000. 14 listed between $400,000 & $500,000. 21 listed between $500,000 and $700,000. 35 listed between $700,000 and $1 million. 37 listed between $1 & $2 million and 17 listed over $2 million.
Least expensive $349,00 for 733 sq ft at 880 Pacific. Most expensive The 6900 sq.ft. Penthouse at 1000 Beach. Now listed at $9,800,000.
2008 Listings - Feb 153, Mar 174, May 202, Jun 210, Jul 237, Aug 256, Sept 257, Oct 250, Nov 246, Dec 229
2009 Listings – Jan 258, Feb 240, Mar 231, Apr 174, May 135, Jun 121, July 127 , Aug 127
Sales - 34. one sold under $400,000. 6 sold between $400,000 & $500,000. 24 sold between $500,000 & $700,000. and 6 between $700,000 and $1 million. 6 over $1 million (versus none in March) . Most expensive $2,960,000 for 2200 sq.ft. in Kings Landing on the waterfront.
Supply – 3.7 months. 3 months under $400,000. 2.3 months supply between $400,000 and $500,000. 1 months supply between $500k and $700k. 6 months between $700,000 and $1M. months supply for listings between $1 and $2 M and 9 months supply for listings over $2M.
Least expensive- as below
Least expensive in Coopers Park 538 sqft l bedroom in The Mariner sold for $389,000
2008 Sales - Jan 24, Feb 39 , Mar 44 , Apr 40 , May 18, June 18, July 9, Aug 14, Sept 16, Oct 10, Nov 6 , Dec 6
2009 Sales - Jan 15, Feb 18, Mar 28, Apr 42, May 59, Jun 39, Jul 41, Aug 34
2008 Average Sale Price - Dec $ 947,259 Nov $816,605, Oct $864,980, Sept $631,944
2009 Average Sale Price – Jan $624,000, Feb $672,541, Mar $592,388, Apr $654,038, May $721,686, Jun $791,179, July $779,000, Aug $840,200
2008 List Price to Sales Price Ratio – Dec 93%, Nov 93%, Oct 93% , Sept 96%
2009 List Price to Sales Price Ratio – Jan 93%, Feb 93%, Mar 95%, Apr 93%, May 95%, Jun , Jul 96%, Aug 97%
2008 Average Sale Price $ pr sq ft - Dec $719, Nov $687, Oct $736. Sept $672
2009 Average Sale Price $ pr sq ft - Jan $606, Feb $627, Mar $600, Apr $628, May $651, Jun $687, Jul $685 , Aug $727
2008 Average Days on the market -Dec 61, Nov 58, Oct 62, Sept 42
2009 Average Days on the market - Jan 53, Feb 41, Mar 77, Apr 76, May 69, Jun 61, Jul 71, Aug 43
Did you know you can search for listings on this site? View my other posts on False Creek North. When you’re ready to buy or sell Vancouver real estate or False Creek North, contact Maggie Chandler, an experienced realtor marketing Vancouver real estate since 1981
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