Listings Down! Sales Up! Vancouver real estate analysis for False Creek North in April (compared to March) saw listings down to 174 from 231 and down from 258 in January. Sales up to 42 from 28. Days on the market flat at 76. The average selling price up from $592,388 to $654,438. Average $ psf is up from $600 to $628. The average supply of condos in this waterfront hood dropped to 4 months, half of what it was in March and down from 13 in February and 17 in January. No sales over $2 million (last month there were none over $1M). This neighbourhood is least supplied under $500,000. The most number of sales were between $400k and $500K and $700,000 to $1M. Market sales increasing and the price range that’s selling is moving up. See how bad things were in November.
Listings - 174. 5 listings under $400,000 (including 2 under $300,000. 13 listed between $400,000 & $500,000. 31 listed between $500,000 and $700,000. 51 listed between $700,000 and $1 million. 56 listed between $1 & $2 million and 18 listed over $2 million.
Least expensive $259,00 for a studio at 910 Beach. This sold new in 1997 for $169,000. 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
Sales - 42. 7 sold under $400,000. 13 sold between $400,000 & $500,000. 7 sold between $500,000 & $700,000. and 11 between $700,000 and $1 million. 4 between $1 million & $2 million (versus none in March)
Supply – less than a month under $400,000. One months supply between $400,000 and $500,000. 4 and a half months between $500,000 and $1M. 14 months supply for listings between $1 and $2 M and no market over $2M.
Least expensive- $280,000 for 594 sq.ft. 1 bedroom at 888 Pacific. This sold for $247,000 3 years ago.
Least expensive in Coopers Park 648 sqft l bedroom in Mariners $350,000.
Most expensive -$2M for 1758 sqft on the Waterfront. It last sold for $1,535,000 in 2005.
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
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
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%
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
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
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
this site is updated regularly, subscribe for FREE via RSS or email. the above information is deemed to be accurate but should not be relied upon
You must log in to post a comment.