Listings and sales in June were down from May. Vancouver real estate analysis for False Creek North in June saw listings down from 135 to 121 and are 60% less than a year ago. Sales dropped from 59 to 39. Days on the market down to 61. The average selling price up substantially to $791,179 Average $ psf is up to $687 and is the highest for the year. The average supply of condos in this waterfront hood increased to 3 months, down from 13 months in February and 17 in January. Six sales over $1 million. In March there were none over $1M. This neighbourhood now selling well under $1M. The most number of sales were between $700,000 & $1M. See how bad things were in November.
Listings - 121. only 1 listing under $400,000. 10 listed between $400,000 & $500,000. 19 listed between $500,000 and $700,000. 38 listed between $700,000 and $1 million. 36 listed between $1 & $2 million and 17 listed over $2 million.
Least expensive $399,00 for 733 sq ft at 1500 Howe. Most expensive The 6900 sq.ft. Penthouse at 1000 Beach. Now listed at $9,800,000.
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
Sales -39 . Six sold under $400,000. 4 sold between $400,000 & $500,000. 11 sold between $500,000 & $700,000. and 12 between $700,000 and $1 million. 5 over $1 million (versus none in March) and 1 sold over $2Million.
Supply – 3 months. Demand greater than supply under $400,000. 2 months supply between $400,000 and $500,000. Two months supply between $500k and $700k. 3 months between $700,000 and $1M. 7 months supply for listings between $1 and $2 M and 17 months supply for listings over $2M.
Least expensive- $294,000 for 514 sq.ft. 1 bedroom at 1500 Howe. This sold for $114,000 new in 1989.
Least expensive in Coopers Park 664 sqft l bedroom in The Mariner, under $400,000
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
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
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
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
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
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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