False Creek North real estate analysis for April saw listings on the rise for the fifth consecutive month, from 227 to 238, higher than April’08 and ’09. Sales fell from 39 to 31 and lower than Apr’09 and ’08. Most sales under $1M. Luxury market in this n’hood is soft. Days on the market flat at 40. The supply of condos this year is nearly double what is was in the Fall. April’09 had 4 months of inventory, vs 7.6 months now. Average $psf 755 and sale price to list price ratio 97%.
Listings - 238 four listed under $400,000 and 14 listings between $400,000 & $500,000. 46 listed between $500,000 and $700,000. 83 listed between $700,000 and $1 million. 56 listed between $1 & $2 million and 34 listed over $2 million, including 2 listed over $10M.
Expireds (didn’t sell) March 13, Feb 5, Mar 17
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, Mar 227, Apr 238
Sales - 31. 1 sold under $400,000. 2 sold between $400,000 & $500,000. 11 sold between $500,000 & $700,000. and 10 between $700,000 and $1 million, 5 sold between $1 and $2M (down from 12 last month) and 2 over $2M (vs only 3 sales in Jan over $1M). Most expensive $3.6M
78% sold under $1M vs 60% last month and 55% in Feb.
Supply in months - 2009 Dec 7.8, Nov 3, Oct 3.7, Sept 3
2010 – Jan 5.6, Feb 9.3, Mar 5.8, Apr 7.6
Least expensive sold - $395,000 for 733sf l bedroom ($700psf!)
Least expensive sale in Coopers Park $505,000 for 700sf ($720psf)
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, Mar 39, Apr 31
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, Mar $1,005,230, Apr $896, 313
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%, Mar 97%, Apr 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, Dec $700
2010 Average Sale Price $ psf – Jan $694, Feb $863, Mar $824, Apr $755
2008 Average Days on the market -Dec 61, Nov 58, Oct 62, Sept 41
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, Mar 41, Apr 40
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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