Vancouver’s False Creek North Market Analysis July 2008

August 14th, 2008 Categories: False Creek North, Vancouver Housing Market, Vancouver Real Estate

Vancouver’s False Creek North neighbourhood saw listings up from 210 in June to 237 and sales drop substantially from 17 to 9. The average $ pr sq ft dropped from $733 to $688. Aaverage price was down from $713 in June to $550. The days on the market dropped from 59 to 46. Market run out of steam?

Listings - 237. 82 False Creek North condos had a price reduction and one increased their price. 33 are listed under $500,000. 136 are listed between $500,000 and $1 million. 46 are listed between $1 and 2 million. 11 between $2 and 3 million and 5 between $3 and 4 million and the Penthouse at 1000 Beach at $14,800 for nearly 8000 sq.ft.

The least expensive l bedroom is $329,00. The least expensive 2 bedroom is $399,000.

Sales 9 . False Creek North had 4 sales under $500,000 and 5 sold between $500,000 and $1 million.

That leaves a supply of 8 months for False Creek North condos listed under $500,000 and a 7 month supply for condos between $500,000 and $1 million. No takers for condos listed above $900,000 last month.

Expired Listings - 16. June 16. July 2007 10

Average Days on market 48

Average $ pr sq ft $686

Average Price $550,767

What’s your opinion on the False Creek North neighbourhood? Leave a comment.

2008 SALES - Jan 24 , Feb 39 , Mar 44 , Apr 40 , May 18, June 18, July 9

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