Vancouver False Creek North Market Analysis March 2008

April 15th, 2008 Categories: False Creek North, Vancouver Housing Market, Vancouver Real Estate

False Creek North is a small strip that runs south of Pacific Avenue to the water.

The neighbourhood was built in the last 10 years by Concord Pacific and it is on the former Expo ‘86 Lands.

Listings 174 . 39 have had price reductions and 2 have had price increases. Only 17 listed under $500,00 and 89 listed between $500,000 and $1 million dollars, 56 listed between $1 million and $2 million and 9 over $2 million.

Sales 44 - 11 had price reductions .

5 sold under $500,000 (just over 3 months of supply) 30 sold between $500,000 and $1 million, (2.9 months of supply) 6 sold between $1 million and $2 million (9.3 months of supply) and 3 over $2 million (3 months of supply). Again the market is softest between $1 and 2 million dollars.

Days on the market 29. Average price $862,311. Just under 4 months supply.

Reflections overall a healthy market. Listings and prices are up, sales are down.

when you’re ready to buy or sell your downtown condo, call Maggie!