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False Creek North

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Update for False Creek North

Dreaming about buying your Vancouver condo in False Creek North and living on the water’s edge?  The time is right!

This waterfront neighbourhood followed the trend with a drop in sales and listings flat, thereby increasing the inventory level and tilting the market in favour of the buyer.

The largest number of condos selling were those under $1M.

Prices range from $382,000 to $10M. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Market Update for False Creek North

Dreaming of living Downtown Vancouver on the waterfront in False Creek North?

March had a tight market with only 2.2 months of inventory.

Most expesnive? $10M  and least expensive $399,000

The Numbers

  • Listings 120
  • Sales 54
  • Days on market 34
  • Sale price/list price ratio 97%
  • Average sale price $1,019,459
  • Sale price psf – 851

Busiest price range?

  • 20% was under $500,000.
  • 50% between $500,000 and  $1M
  • 30% sold over $1M

What’s the 90 day trend? Listings up and sales up

What’s the 12 month trend? Prices are flat compared to a year ago, sales are up and listings are down. Good time for buyers!

See my other Vancouver False Creek North stats since 2008

Have a Vancouver false creek north condo stat you’d like to see?

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by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Trends for False Creek North

Vancouver's False Creek North

Dreaming about buying your Vancouver condo on the waterfront in False Creek North?  Well, condo and townhome prices rose 3.5% according to the MLS house price index,  so don’t wait too long!

Sales over $1M are on the upswing

  • February had a tight market with 4.1 months of inventory
  • 138 listings
  • 33  sales
  • average days on market 79 days on the market
  • sellers  moved 4% from their List Price
  • average of $835psf
  • The average sale price clocked in at $1,183,000.

Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Condo Stats for October 2010

Vancouver (west side) condo stats for its waterfront neighbourhoods of Coal Harbour, False Creek North, Fairview, Kitsilano, Downtown, Olympic Village and the West End show October listings down in all neighbourhoods , compared to September and sales either lower or flat.

The average price in five of the seven  neighbourhoods  was lower. Days on market for solds increased in October. Coal harbour remains the highest $ pr sq ft for sold condos, followed by False Creek North. Best value is in Fairview and the Olympic Village neighbourhood resales.

These stats are based on REBGV figures as of November 3rd.

 

October 2010 # of listings # of solds Days onMarket Average Price $ pr sq ft Average SP/LP
Coal Harbour 212 23 62 1,341,760 910 96%
Downtown 589 81 56 506,583 617 97%
False Creek N. 155 15 42 743,400 709 96%
Fairview 153 29 38 431,362 486 98%
Kitsilano 118 24 36 469,113 606 98%
Olympic Vil 57 5 20 441,200 611 98%
West End 216 36 48 452,972 586 96%
             

 

 

 

Sept 2010 # of listings # of solds Days onMarket Average Price $ pr sq ft AverageSP/LP
Coal Harbour 251 24 48 1,230,455 867 96%
Downtown 654 104 47 469,253 631 97%
False Creek N. 214 24 67 940,537 775 96%
Fairview 205 33 49 516,966 563 97%
Kitsilano 101 25 27 464,200 600 98%
Olympic Vil   65 2 6 455,000 567 98%
West End 234 35 42 610,000 608 96%
             

Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for False Creek North, Sept’10

fcn-graph-pic

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? Read more

by Maggie Chandler Maggie Chandler 2 Comments

Vancouver Real Estate Analysis for False Creek North

fcn-graph-pic

False Creek North real estate analysis for august saw listings and sales drop and supply now at 6 1/2 months, down from over 11 months in May.  Listings now equal to Apr’09 and sales equal to Mar’09.  Solds over$1M up from 20% in July to 33%. The listings that didn’t sell and came off the market is the highest for the year at 31, at some point most of these sellers will list again.  Condos over $1.5M not selling at all.  Days on the market down from 62 to 50.  Average $psf 768 and sale price to list price ratio flat at 95%. Market selling best between $700,000 and $1.4M, much more of a high end market this month. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for False Creek North

False Creek North real estate analysis for July saw listings drop, having peaked in May and now on par with May’08 when the inventory was rising.   Sales flat at 34, which is lower than Jun’09 but higher than Jun’08.   A whopping 80% of solds were under $1M.  The listings that didn’t sell and came off the market is the second highest for the year at 30 and this may be why the inventory is dropping.   A drop in inventory to 5.6 months. Condos over $1M not doing well.  Days on the market increased 62, which is the second highest for the year but same as Jun’09.  Average $psf 732 and sale price to list price ratio flat at 95%. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for False Creek North

False Creek North real estate analysis for June saw listings drop, having been on the rise for the prior 6 months,  from 255 to 228.  equal to Oct’08 and Jan ‘09.   Sales jumped from  22  to 35 which was lower than Jun’09 but higher than Jun’08.and lower than Jun’08.  70%of solds were under $1M.  The listings that didn’t sell and came off the market is the highest for the year at 32, up from 21 in May.  A drop in inventory to 6 months but 7.8 months of inventory for condos over $1M.  Days on the market fell to 47.  Average $psf 834 and sale price to list price ratio down to 95%.

Listings –  225 . 25 listed under $500,000 . 119l istings between $500,000 & $1M.  60 listed between $1 and $2M and 26 listed over $2M including 3 over $5M.

Expireds (didn’t sell) March 13, Feb 5, Mar 17, May 21, Jun 32 Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for False Creek North

False Creek North real estate analysis for May saw listings on the rise for the sixth consecutive month,  from 258 to 253,  equal to Oct’08 and Jan ‘09.   Sales fell from 31 to 22 and lower than May’09 and ‘08. 15 of the 22 sales were under $1M.   The listings that didn’t sell and came off the market is the highest for the year at 21 (10% of inventory). A whopping 11 months of inventory and the market over $1M not doing well. Days on the market jumped from 40 to 68. The supply of condos  is 4 times greater than it was in November. Average $psf 802 and sale price to list price ratio up to 98%.

Listings –  255  eight listed under $400,000 and 25 listings between $400,000 & $500,000. 53 listed between $500,000 and $700,000. 79 listed between $700,000 and $1 million.  61 listed between  $1 & $2 million and 29 listed over $2 million, including 2 listed over $10M.

Expireds (didn’t sell) March 13, Feb 5, Mar 17, May 21 Read more

by Maggie Chandler Maggie Chandler No Comments

Just Listed! 1906-1438 Richards, Vancouver

1438 Richards, Azura, False Creek North, Vancouver, Condo for Sale, Maggie Chandler, RealtorWelcome home to Downtown Vancouver’s Beach Crescent neighborhood & Azura! Featuring Club Viva resort amenities which incl indoor pool, whirlpool, steam, sauna, gym, squash court, billiard room, party room, media room, guest suite, and 24 hr concierge.

This NW corner 1 bedroom and den offers floor-to-ceiling windows to enjoy the city, park and marina views. Plus master bedroom walk-in closet, ensuite storage, and a spacious balcony to enjoy an evening cocktail. Your kitchen boasts a gas stove, stainless steel appliances, and a kitchen breakfast bar. Well laid out open floor plan. One parking and bike room. Read more

by Maggie Chandler Maggie Chandler No Comments

False Creek North Real Estate Analysis

False Creek North real estate analysis for April saw listings on the rise for the fifth consecutive month,  from 227 to 238,  higher than April’08 and ’09.   Sales fell from 39 to 31 and lower than Apr’09 and ’08. Most sales under $1M.   Luxury market in this n’hood is soft. Days on the market flat at 40. The supply of condos this year is nearly double what is was in the Fall. April’09 had 4 months of inventory, vs 7.6 months now. Average $psf 755 and sale price to list price ratio 97%. Read more

by Maggie Chandler Maggie Chandler No Comments

False Creek North Real Estate Analysis

False Creek North real estate analysis for March saw listings on the rise for the fourth consecutive month,  from 187 to 227 (about 20%) and equal to a year ago but higher than March’08.   Sales increased from 20 to 39 (doubled) and higher than a year ago but lower than March’08 and more sales over $1M.   Days on the market consistant at 41. The supply of condos this year is nearly double what is was in the Fall. $824 psf. 

Listings –  227  four listed under $400,000 and 13 listings between $400,000 & $500,000. 44 listed between $500,000 and $700,000. 79 listed between $700,000 and $1 million.  53 listed between  $1 & $2 million and 34 listed over $2 million.  

Expireds (didn’t sell) March 13, Feb 5 Read more

by Maggie Chandler Maggie Chandler No Comments

False Creek North Real Estate Analysis

False Creek North real estate analysis for Febuary saw listings on the rise for the third consecutive month,  from 153 to 187.   Sales dropped from 28 to 20, the lowest since Feb’09.   Days on the market consistant at 41. The supply of condos nearly doubled, now 9.3 months with considerably more sales over $1M, pushing the $psf up to $863. Buyers finally have a good selection of condos. We attribute the drop in sales in this waterfront neighbourhood to the difficulty in accessing properties during the Olympics.

Listings –  187  three listed under $400,000 and 11 listings between $400,000 & $500,000. 35 listed between $500,000 and $700,000. 64 listed between $700,000 and $1 million.  46 listed between  $1 & $2 million and 28 listed over $2 million.  5 expired (didnt’ sell). Read more

by Maggie Chandler Maggie Chandler No Comments

False Creek North Real Estate Analysis

False Creek North real estate analysis for January saw listings up from 133 to 153 for the second consecutive month.   Sales also increased  fro 17 to 28.  Days on the market up from 34 to 43. The average selling price was up to $688,000 and $psf flat at $694. The supply of condos dropped to 5.6 months. The condo listings over $2M nearly doubled. An early spring for False Creek North. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for False Creek North

Vancouver real estate analysis for False Creek North bucked the trend and saw listings up from 111 to 133, the first month in 2009 that listings increased.   Sales down from 36 to 17.  Days on the market down from 42 to 34. The average selling price and $psf were both due to more sales at the bottom end. The average supply of condos in this waterfront n’hood more than doubled to 7.8 months.

Listings –  133  four listed under $400,000 and 13 listings between $400,000 & $500,000. 24 listed between $500,000 and $700,000. 41 listed between $700,000 and $1 million.  36 listed between  $1 & $2 million (up from 26 last month) and 15 listed over $2 million. 13 condos did not sell (up from 7 last month) and 6 were re-listed at the same or higher prices, indicating sellers are pushing the market prices. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for False Creek North

Vancouver real estate analysis for False Creek North saw listings down from  125 to 111.  Sales up from 33 to 36.  Days on the market down from 53 to 42.  The average selling price down from $980,000  to $787,000 as more sales at the bottom end. The average supply of condos in this waterfront hood is now under 3 months, the lowest for the year.   This neighbourhood now selling best under $700,000.  Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for False Creek North

Vancouver real estate analysis for False Creek North saw listings down from 127 to 125. Sales down from 41 in September to 33.  Days on the market up to 53 but less than a year ago.  The average selling price jumped from $714,000 to $980,000 as more condos sold over $1M, which also pushed up the $psf. The average supply of condos in this waterfront hood is down to 3 months. The sales over $1 million dropped in September but tripled in October.  This neighbourhood now selling best between $700k and $1M.  Both listings and sales crunching down together and now at the lowest since March/April. Will more buyers or sellers visit the market after 2010 Olympics in the Spring?

Listings –  125  six listed under $400,000 and only 17 listings between $400,000 & $500,000. 23  listed between $500,000 and $700,000. 37 listed between $700,000 and $1 million. 31 listed between  $1 & $2 million and 11 listed over $2 million. 12 condos  did not sell and only two were re-listed, indicating these sellers will revisit the market again in the future, 50% of the 12 were over $1M. Read more

by Maggie Chandler Maggie Chandler No Comments

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. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for False Creek North Aug 2009

Listings flat and sales in August were down from July. Vancouver real estate analysis for False Creek North saw listings down to 127. Sales dropped to 34 from the peak in May. Days on the market down to 42 and equal to a year ago.  The average selling price up to $840,000 and the highest for the year.  Average $ psf is up to $727 and also the highest for the year. The average supply of condos in this waterfront hood is 3.7 months, down from 17 in January. Six sales over $1 million. In March there were none over $1M. This neighbourhood now selling well under $700,000 and oversupplied over $1M which has a 9 month supply.  See how bad things were in November. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for False Creek North June 2009

 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. Read more

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