False Creek North real estate analysis for September saw listings spike 20% and sales drop 40%, compared to august, resulting in a year of supply. Sales equal to Sept’08 and are the lowest for the year. Solds over$1M up from 20% in July to 33%. The listings that didn’t sell and came off the market remains high at 29. Condos over $2M saw a whopping 60% increase. In total there are 110 listings over $1M and only 5 sales in September (a 2 year supply). Days on the market were the second highest for the year at 61 . Average $psf 818 and sale price to list price ratio 97%. A great opportunity for buyers to seek out very good deals and we ask where are the luxury condo buyers?
Listings - 214 . 8 listed under $400,000 . 12 between $400,000 & $500,000. 84 listings between $500,000 & $1M. 45 listed between $1 and $2M and 65 listed over $2M including 1 over $5M.
Expireds (didn’t sell) March 13, Feb 5, Mar 17, May 21, Jun 32, Jul 30, Aug 31
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, aug 174, sept 214
Sales - 17. 4 sold under $500,000. 5 sold between $500,000 & $700,000. and 3 between $700,000 and $1 million, 2 sold between $1 and $2M ( May 5, June 12, July 4, Aug 9) and 3 over $2M. Most expensive $3,300,000. Only 2 of the sales had a list price reduction (down from 50% in July). 70% sold under $1M and 33% sold over $1M
Sales under $1M – Sept 70% , Aug 80% , 70% in Jun, 68% in May, 78% in April, 60% in March, 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, aug 6.4, Sept 12
Least expensive sold - $370,000 for 555sf l bedroom ($666psf)
Least expensive sale in Coopers Park $412,000 for 729sf ($626psf)
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, Aug 27, Sept 17
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, Aug $868,351, Sept $1,035,816
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%, aug 95%, sept 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, Feb $863, Mar $824, Apr $755, May $802, Jun $834, Jul $732, Aug $768, Sept $818
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, aug 50, Sept 61
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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