False Creek North real estate analysis for January saw listings up from 133 to 153 for the second consecutive month. Sales also increased fro 17 to 28. Days on the market up from 34 to 43. The average selling price was up to $688,000 and $psf flat at $694. The supply of condos dropped to 5.6 months. The condo listings over $2M nearly doubled. An early spring for False Creek North.
Listings - 153 four listed under $400,000 and 10 listings between $400,000 & $500,000. 27 listed between $500,000 and $700,000. 48 listed between $700,000 and $1 million. 38 listed between $1 & $2 million and 26 listed over $2 million (up from 15 last month). 14 condos did not sell (same last month and 7 in Dec) and 6 were re-listed at the same or higher prices, indicating sellers are pushing the market prices.
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
Sales - 28. Six sold under $400,000. 2 sold between $400,000 & $500,000. 8 sold between $500,000 & $700,000. and 9 between $700,000 and $1 million. 3 sold between $1 and $2M. Most expensive $1,750,000 for 1750sq.ft. at 1600 Hornby.
32% sold under $500,000 and 11% sold over $1M.
Supply - 5.6 vs 7.8 months in Dec’09, 3 months in Nov, 3.7 months in Oct and 3 months in September
Least expensive sold - $325,000 for a small l bedroom which sold for $157,00 in ’96 (new)
Least expensive sale in Coopers Park $362,000 for 550sf 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
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
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 List Price to Sales Price Ratio – Jan 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,
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
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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