Vancouver Real Estate Analysis for False Creek North
October 19th, 2009 Categories: False Creek North, Real Estate
Vancouver real estate analysis for False Creek North saw listings flat at 127. Sales up from 34 in August to 41 in September. Days on the market steady at 42 and equal to a year ago. The average selling price up to $714,000 and equal to a year ago. Average $ psf down slightly to $705, due to fewer sales over $1M, but higher than a year ago. The average supply of condos in this waterfront hood is down to 3 months. The sales over $1 million dropped by 50% from August. This neighbourhood now selling well under $1,000,000 and oversupplied between $1M and $2M which has a 12 month supply and no market over $2M. False Creek North is one of the few vancouver neighbourhoods that saw sales increase in September. A well balanced market except for condos over $2M.
Listings - 127 only 3 listing under $400,000. 15 listed between $400,000 & $500,000. 20 listed between $500,000 and $700,000. 38 listed between $700,000 and $1 million. 38 listed between $1 & $2 million and 13 listed over $2 million.
Least expensive $338,00 for 733 sq ft at 880 Pacific. Most expensive The 4300 sq.ft. Penthouse at Crestmark, 1228 Marinaside $4,500,000
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, Sept 127
Sales - 41. two sold under $400,000. 7 sold between $400,000 & $500,000. 12 sold between $500,000 & $700,000. and 15 between $700,000 and $1 million. 3 over $1 million. Most expensive $1,980,000 for 1739 sq.ft. in Kings Landing on the waterfront.
Supply – 3 months. 1.5 months under $400,000. 2 months supply between $400,000 and $500,000. 1.6 months supply between $500k and $700k. 2.5 months between $700,000 and $1M. 12.6 months supply for listings between $1 and $2 M and no solds over $2M.
Least expensive- $360,000 for 722 sq.ft.
Least expensive in Coopers Park 1088 sqft 2 bedroom in Coopers Point sold for $825,000
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, Sept 41
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, Sept $714,187
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%, Sept $99%
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, Sept $705
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, Sept 42
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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