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False Creek North Real Estate Analysis

by Maggie Chandler on March 14, 2010

in False Creek North

fcn graph pic False Creek North Real Estate Analysis

False Creek North real estate analysis for Febuary saw listings on the rise for the third consecutive month,  from 153 to 187.   Sales dropped from 28 to 20, the lowest since Feb’09.   Days on the market consistant at 41. The supply of condos nearly doubled, now 9.3 months with considerably more sales over $1M, pushing the $psf up to $863. Buyers finally have a good selection of condos. We attribute the drop in sales in this waterfront neighbourhood to the difficulty in accessing properties during the Olympics.

Listings -  187  three listed under $400,000 and 11 listings between $400,000 & $500,000. 35 listed between $500,000 and $700,000. 64 listed between $700,000 and $1 million.  46 listed between  $1 & $2 million and 28 listed over $2 million.  5 expired (didnt’ sell).

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, Dec 133

2010 Listings – Jan 153, Feb 187

Sales - 20. none sold under $400,000.  2 sold between $400,000 & $500,000.  3 sold between $500,000 & $700,000. and 6 between $700,000 and $1 million.  5 sold between $1 and $2M and 4 over $2M (vs only 3 sales in Jan over $1M). Most expensive $3,000,000 for 2200sq.ft. at Kings Landing

55% sold under $1M and 45% sold over $1M.

Supply in months - 2009 Dec 7.8,  Nov 3, Oct 3.7, Sept 3

2010 – Jan 5.6, Feb 9.3

Least expensive sold - $405,000 for a small l bedroom which sold for $153,000 new in 2002.

Least expensive sale in  Coopers Park  $522,000 for 700sf l bedroom in Coopers Lookout

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, Dec 17

2010 Sales  - Jan 28, Feb 20

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, Dec $658,682

2010 Average Sale Price - Jan $688,268, Feb $1,306,000

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%, Dec 97%

2010 Sales Price to List Price Ratio – Jan 97%, Feb 95%

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, Dec $700

2010 Average Sale Price $ psf – Jan $694, Feb $863

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, Dec 34

2010 Average Days on Market – Jan 43, Feb 41

Did you know you can search for VOW (virtual office website) 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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the above information is deemed to be accurate but should not be relied upon without verification

 

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WELCOME! And thanks for checking out my site, and wanting to know a little bit about me. I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello! The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver. I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums. I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion. Providing trustworthy real estate services in the Vancouver area for over 30 years

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