Home / False Creek North / Vancouver Real Estate Analysis False Creek North – September 2008

Vancouver Real Estate Analysis False Creek North – September 2008

by Maggie Chandler on October 17, 2008

in False Creek North

FCN graph 08

Vancouver real estate analysis for False Creek North saw listings flat and sales up (two consecutive months).  Days on the market dropped from 56 to 40 and the average selling price decreased from  $799,000 to $631,944.   The average supply of condos in this waterfront neighbourhood dropped from 18 months to 16 months and the best selling price range is between $400,000 and $500,000. The slowest selling price range is over $800,000.

Listings – 257

In False Creek North there are 14 listings under $300,000, 27 listed between $300,000 and $400,000, 27 listed between $400,000 and $500,000, 26 listed between $500,000 and $600,000, 12 listings between $600,000 and $700,000, 35 listings between $700,000 and $800,000, 36 listed between $800,000 and $900,000, 33 listings between $900,000 and $1 million and 73 listed over $1 million.

2008 Listings Feb 153, Mar 174, May 202, Jun 210,  Jul 237, Aug 256, Sept 257

Sales – 16

There were 2 sales under $400,000, 5 sales between $400,000 and $500,000, 1 between $500,000 and $600,000 and 2 between $600,000 and $700,000. 3 between $700,000 and $800,000, 1 between $800,000 and $1M and 1 over $1 million.

50% of the sales in September had a list price reduction.

The least expensive was $310,000 for 530 sq.ft. ($584 pr sq ft)and  the most expensive was $1,370,000 for 1886 sq.ft. ($726 pr sq ft)

Uner $400,000 there is a 20 month supply. Between $400,000 and $500,000 there is five and a half months supply. Between $500,000 and $600,000 there is over 2 years supply. Between $600,000 and $700,000 there is a 6 month supply. Between $700,000 and $800,000 there is a year’s supply.  Over $800,000 there is a whopping 6 year supply.

2008 Sales Jan  24  , Feb 39 , Mar 44 , Apr 40  , May 18, June 18, July 9, Aug 14, Sept 16

Expired Listings – 35

Average Price $631,944,  Jan $1,095,251, Feb $919,278, Apr $735,096, May $799,376, Aug $799,000

Average Days on Market May 47, Jun 59, Jul 51, Aug 56, Sept 40

List Price to Sales Price Ratio 96%

Average Sale Price $ pr sq ft $672

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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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