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Vancouver Real Estate Analysis for False Creek North

by Maggie Chandler on October 19, 2009

in False Creek North

fcn graph pic Vancouver Real Estate Analysis for False Creek North

Vancouver real estate analysis for False Creek North saw listings flat at 127. Sales up from 34 in August to 41 in September. Days on the market steady at 42 and equal to a year ago.  The average selling price up to $714,000 and equal to a year ago. Average $ psf down slightly to $705, due to fewer sales over $1M, but higher than a year ago. The average supply of condos in this waterfront hood is down to 3 months. The sales over $1 million dropped by 50% from August.  This neighbourhood now selling well under $1,000,000 and oversupplied between $1M and $2M which has a 12 month supply and no market over $2M.  False Creek North is one of the few vancouver neighbourhoods that saw sales increase in September. A well balanced market except for condos over $2M.

Listings -  127 only 3 listing under $400,000.  15  listed between $400,000 & $500,000. 20  listed between $500,000 and $700,000. 38 listed between $700,000 and $1 million. 38 listed between  $1 & $2 million and 13 listed over $2 million.

Least expensive $338,00 for 733 sq ft  at 880 Pacific.  Most expensive The 4300 sq.ft. Penthouse at Crestmark, 1228 Marinaside $4,500,000

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

Sales - 41. two sold under $400,000.  7 sold between $400,000 & $500,000. 12 sold between $500,000 & $700,000. and 15 between $700,000 and $1 million.  3 over $1 million. Most expensive $1,980,000 for 1739 sq.ft. in Kings Landing on the waterfront.

Supply – 3 months. 1.5 months under $400,000. 2 months supply between $400,000 and $500,000.  1.6 months supply between $500k and $700k. 2.5 months between $700,000 and $1M.  12.6 months supply for listings between $1 and $2 M and no solds  over $2M.

Least expensive- $360,000 for 722 sq.ft.

Least expensive in  Coopers Park  1088 sqft 2 bedroom in Coopers Point sold for $825,000

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

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

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%

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

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

Did you know you can search for 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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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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