Vancouver Real Estate Analysis for False Creek North
December 29th, 2009 Categories: False Creek North, Real Estate
Vancouver real estate analysis for False Creek North saw listings down from 125 to 111. Sales up from 33 to 36. Days on the market down from 53 to 42. The average selling price down from $980,000 to $787,000 as more sales at the bottom end. The average supply of condos in this waterfront hood is now under 3 months, the lowest for the year. This neighbourhood now selling best under $700,000.
Listings - 111 four listed under $400,000 and only 14 listings between $400,000 & $500,000. 24 listed between $500,000 and $700,000. 28 listed between $700,000 and $1 million (down from 37 last month). 26 listed between $1 & $2 million and 12 listed over $2 million. 7 condos did not sell and 4 were re-listed.
Least expensive $320,00 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, Nov 111
Sales - 36. Two sold under $400,000. 9 sold between $400,000 & $500,000 (up from 2 last month) 10 sold between $500,000 & $700,000. and 8 between $700,000 and $1 million. 6 sold between $1 and $2M and 1 sold over $2M. Most expensive $2,150,000 for 1700 sq.ft. at 428 Beach. 35% sold under $500,000 and 20% sold over $1M.
Supply - less than 3 months vs 3.7 months in Oct and 3 months in September
Least expensive sold - $315,000 for a small l bedroom
Least expensive sale in Coopers Park 550 sqft 1 bedroom in Coopers Point sold for $408,000
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, Nov 36
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, Nov $787,000
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%, Nov 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, Nov $781
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, Nov 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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