False Creek North (Vancouver, BC)
By maggie chandler
(chandler realty)
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. Listings -  153  four listed under $400,000 and 10 listings between $400,000 & $500,000. 27 listed between $500,000 and $700,000. 48 listed between $700,000 and $1 million.  38 listed between  $1 & $2 million and 26 listed over $2 million (up from 15 last month). 14 condos did not sell (same last month and 7 in Dec) and 6 were re-listed at the same or higher prices, indicating sellers are pushing the marke...
Comments 0
Hello Vancouver, as of April 19th 2010 we are getting tougher rules imposed yet again in a bid to prevent the US style housing melt down that besieged the US for the past few years. I guess it's good but we are already very conservative in Canada and have not experienced what happened in the US. I will try to summarize below.  Canada's Finance Minister tightened rules for Canada's mortgage industry to ensure homebuyers can afford their homes when interest rates rise. Under the changes for CMHC insured (Government insured mortgages), which will take effect April 19, home buyers will ALL have to meet the standards for the five-year, fixed-rate mortgages even if they opt for variable rates. And limits for refinancing will also be stricter as will the rules for people buying an investment p...
Comments 0
New Listing: Vancouver West 1 Bedroom Condo 2307 1199 MARINASIDE CrescentVancouver WestV6Z 2Y2 »map »more details Bedrooms: 1 Bathrooms (full): 1 Price: $562,000 Year Built: 1999 Yearly Tax: 2133 Living Area: 726 sq.ft. Basement: None View Living Room Kitchen Breakfast Bar Living Room Interior Description 1199 Marinaside Cres. "Aquarius I". Welcome to your stylish waterfront home just steps from Quayside Marina, David Lam Park, and world-class dining and shopping. This large 1-bdrm + den offers beautiful views from the living room & balcony as well as designer colours, custom carpeting, and an unbeatable Marinaside location right on the edge of Yaletown! The spacious open-concept kitchen is great for entertaining, and the efficient floor plan has no wasted hallway space; ...
Comments 0
New Listing: Vancouver 2 Bedroom Condo 503 189 DAVIE StreetVancouverV6Z 2X9 »map »more details Bedrooms: 2 Bathrooms (full): 2 Price: $699,000 Year Built: 1999 Yearly Tax: $2,429 Maintenance Fee: $310.73 Living Area: 787 sq.ft. Basement: None Garage: 1 car Living Room Patio Living Room Master Bedroom Bathroom Master Bathroom Description 189 Davie St. "Aquarius III". Welcome to your 'one of a kind' Yaletown Oasis! Spacious 2-bdrm / 2-bath with 9' floor-to-ceiling windows, new h/w flooring, airy and wide-open floorplan, and a private, landscaped 977 sqft wrap-around patio featuring a 12 foot Mediterranean Umbrella, and custom grown bamboo tree-scape; creating a true Marinaside oasis. Absolutely ideal for entertaining, gardening, or simply relaxing in the Zen-like atmosphere, this suite i...
Comments 3
By maggie chandler
(chandler realty)
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 ...
Comments 0
By maggie chandler
(chandler realty)
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 $500,00...
Comments 0
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. Listings - 127 only 3 listing under $400,000. 14 listed between $400,000 & $500,000. 21 listed between $500,000 and $700,000. 35 listed...
Comments 0
Community Sponsor Vancouver, BC Real Estate Professionals