False Creek North real estate analysis for July saw listings drop, having peaked in May and now on par with May’08 when the inventory was rising. Sales flat at 34, which is lower than Jun’09 but higher than Jun’08. A whopping 80% of solds were under $1M. The listings that didn’t sell and came off the market is the second highest for the year at 30 and this may be why the inventory is dropping. A drop in inventory to 5.6 months. Condos over $1M not doing well. Days on the market increased 62, which is the second highest for the year but same as Jun’09. Average $psf 732 and sale price to list price ratio flat at 95%.
Listings - 203 . 18 listed under $500,000 . 102 listings between $500,000 & $1M. 57 listed between $1 and $2M and 26 listed over $2M including 2 over $5M.
Expireds (didn’t sell) March 13, Feb 5, Mar 17, May 21, Jun 32, Jul 30
Least expensive $399,00 for a small l bedroom. Most expensive $10Million
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, May 255, Jun 228, Jul 203
Sales - 34. 5 sold under $400,000. 6 sold between $400,000 & $500,000. 6 sold between $500,000 & $700,000. and 11 between $700,000 and $1 million, 4 sold between $1 and $2M (doubled from May & down from 12 last month) and 2 over $2M. Most expensive $4,350,000. 50% of the sales had a list price reduction.
80% sold under $1M vs 70% in Jun, 68% in May, 78% in April & 60% in March and 55% in Feb.
Supply in months - 2009 Dec 7.8, Nov 3, Oct 3.7, Sept 3, Apr 4, May 2.2,
2010 – Jan 5.6, Feb 9.3, Mar 5.8, Apr 7.6, May 11.5, Jun 6.5, Jul 5.6
Least expensive sold - $315,000 for 525sf l bedroom ($600psf)
Least expensive sale in Coopers Park $416,000 for 729sf ($562psf)
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, May 22, Jun 35, Jul 34
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, May $970,622, Jun $1,090,557, Jul $866,500
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%, May 98%, Jun 95%, Jul 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, Mar $824, Apr $755, May $802, Jun $834, Jul $732
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, May 68, Jun 47, Jul 62
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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