Vancouver Real Estate Analysis for False Creek North
November 19th, 2009 Categories: False Creek North, Real Estate
Vancouver real estate analysis for False Creek North saw listings down from 127 to 125. Sales down from 41 in September to 33. Days on the market up to 53 but less than a year ago. The average selling price jumped from $714,000 to $980,000 as more condos sold over $1M, which also pushed up the $psf. The average supply of condos in this waterfront hood is down to 3 months. The sales over $1 million dropped in September but tripled in October. This neighbourhood now selling best between $700k and $1M. Both listings and sales crunching down together and now at the lowest since March/April. Will more buyers or sellers visit the market after 2010 Olympics in the Spring?
Listings - 125 six listed under $400,000 and only 17 listings between $400,000 & $500,000. 23 listed between $500,000 and $700,000. 37 listed between $700,000 and $1 million. 31 listed between $1 & $2 million and 11 listed over $2 million. 12 condos did not sell and only two were re-listed, indicating these sellers will revisit the market again in the future, 50% of the 12 were over $1M.
Least expensive $299,00 for a small l bedroom. Most expensive The Penthouse at 1000 Beach avenue listed at $12,980,000
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, Oct 125
Sales - 33. one sold under $400,000. 2 sold between $400,000 & $500,000 (down rom 7 last month) 11 sold between $500,000 & $700,000. and 11 between $700,000 and $1 million. 6 sold between $1 and $2M and 2 sold over $2M. Most expensive $2,789,,000 for 2266 sq.ft. in Kings Landing on the waterfront.
Supply – 3.7 months vs 3 months in September
Least expensive sold - $379,000 for a small l bedroom
Least expensive sale in Coopers Park 875 sqft 2 bedroom in Coopers Point sold for $555,000
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, Oct 33
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, Oct $983,92
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%, Oct 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, Sept $705, Oct $787
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, Oct 53
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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