North Vancouver Condo Update

February 19, 2012

There are currently 377 condominium apartment homes for sale in North Vancouver ranging in price from $217,500 for a 855 square foot 2-bedroom home in a Central Lonsdale age-restricted building, to $2,600,000 for a 3 bedroom, 1,700 square foot view home in Lower Lonsdale.

There have been 148 sales in the last 90 days, with the average sale price for a 1-bedroom during that time coming in at $308,588 and the median sale price coming in at $297,750. For 2-bedroom homes, the average sale price was $451,111 and the median sale price was $425,900. The least expensive sale price so far this year for a 1-bedroom was for a 727 square foot home in Lynnmour for $151,000 in January and the most expensive so far this year was for a 781 square foot home (still under construction) in the Hamilton area for $469,000 in January. The least expensive sale price so far this year for a 2-bedroom was for a 871 square foot home in Central Lonsdale for $275,000 in February and the most expensive so far this year was for a 1,851 square foot home in the Capilano area, also in February, for $937,000.

With 151 North Vancouver 1-bedroom condos currently for sale and taking into account 22 sales last month, there is currently a 7 month supply of homes, meaning the Absorption Rate is 5. With 215 North Vancouver 2-bedroom condos for sale and taking into account 48 sales last month, there is currently a 4 & ½ month supply of those homes as well, an Absorption Rate of 4.5. The Absorption Rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. A supply of 3 months or less (a.k.a. an Absorption Rate of 3 or less) generally favours sellers and a supply of 6 months or more generally favours buyers. This is a snapshot of condos in North Vancouver overall and one would want to drill down deeper in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current North Vancouver Condominium Homes For Sale:
There are 15 studio homes
There are 187 one (1) bedroom homes
There are 215 two (2) bedroom homes
There are 16 three (3) bedroom homes
There are 0 four (4) bedroom homes

There are currently 76 two-bedroom homes priced under $400,000 in North Vancouver and 85 one-bedroom homes priced under $300,000.

North Vancouver Condominium Homes For Sale By Community:
Blueridge – 3 homes for sale
Boulevard – 0
Braemar – 0
Calverhall – 0
Canyon Heights – 0
Capilano Highlands – 3
Capilano – 1
Central Lonsdale – 92
Deep Cove – 3
Delbrook – 1
Dollarton – 0
Forest Hills – 0
Grouse Woods – 0
Hamilton – 17
Hamilton Heights – 0
Indian Arm – 0
Indian River – 2
Lower Lonsdale – 167
Lynn Valley – 14
Lynnmour – 11
Norgate – 21
Northlands – 2
Pemberton Heights – 11
Pemberton – 31
Princess Park – 0
Queensbury – 0
Roche Point – 40
Seymour – 0
Tempe – 0
Upper Delbrook – 0
Upper Lonsdale – 10
Westlynn – 2
Westlynn Terrace – 0
Windsor Park – 2
Woodlands – Sunshine – Cascade – 0

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North Vancouver Condo Update

July 12, 2011

There are currently 433 condominium apartment homes for sale in North Vancouver ranging in price from $156,500 for a 545 square foot studio in a Central Lonsdale co-op, to $2,498,000 for a 3 bedroom, 1,700 square foot view home in Lower Lonsdale.

There have been 241 sales since April 1st, with the average sale price for a 1-bedroom during that time coming in at $316,565 and the median sale price coming in at $313,5000. For 2-bedroom homes, the average sale price was $454,103 and the median sale price was $429,900. The least expensive sale price so far this year for a 1-bedroom was for a 700 square foot home in a Central Lonsdale co-op for $155,000 and the most expensive so far this year was for a 1,200 square foot home with nice views of Capilano River Canyon for $620,000. The least expensive sale price so far this year for a 2-bedroom was for a 1,000 square foot home in Lynnmour’s Edgewater Estates for $193,500 and the most expensive so far this year was for a 1,300 square foot penthouse home in Central Lonsdale, with beautiful ocean views and a hot tub on the deck, for $1,255,000.

With 187 North Vancouver 1-bedroom condos currently for sale and taking into account 38 sales last month, there is currently a 5 month supply of homes, meaning the Absorption Rate is 5. With 215 North Vancouver 2-bedroom condos for sale and taking into account 48 sales last month, there is currently a 4 & ½ month supply of those homes as well, an Absorption Rate of 4.5. The Absorption Rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. A supply of 3 months or less (a.k.a. an Absorption Rate of 3 or less) generally favours sellers and a supply of 6 months or more generally favours buyers. This is a snapshot of condos in North Vancouver overall and one would want to drill down deeper in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current North Vancouver Condominium Homes For Sale:
There are 15 studio homes
There are 187 one (1) bedroom homes
There are 215 two (2) bedroom homes
There are 16 three (3) bedroom homes
There are 0 four (4) bedroom homes

There are currently 76 two-bedroom homes priced under $400,000 in North Vancouver and 85 one-bedroom homes priced under $300,000.

North Vancouver Condominium Homes For Sale By Community:
Blueridge – 3 homes for sale
Boulevard – 0
Braemar – 0
Calverhall – 0
Canyon Heights – 0
Capilano Highlands – 3
Capilano – 1
Central Lonsdale – 92
Deep Cove – 3
Delbrook – 1
Dollarton – 0
Forest Hills – 0
Grouse Woods – 0
Hamilton – 17
Hamilton Heights – 0
Indian Arm – 0
Indian River – 2
Lower Lonsdale – 167
Lynn Valley – 14
Lynnmour – 11
Norgate – 21
Northlands – 2
Pemberton Heights – 11
Pemberton – 31
Princess Park – 0
Queensbury – 0
Roche Point – 40
Seymour – 0
Tempe – 0
Upper Delbrook – 0
Upper Lonsdale – 10
Westlynn – 2
Westlynn Terrace – 0
Windsor Park – 2
Woodlands – Sunshine – Cascade – 0


West Vancouver Condo Update

July 11, 2011

There are currently 107 condominium apartment homes for sale in West Vancouver ranging in price from $269,000 for a 470 square foot studio in Ambleside to $7,800,000 for a 4 bedroom, 4,811 square foot penthouse in Dundarave.

There have been 69 sales since April 1st, with the average sale price for a 1-bedroom during that time coming in at $518,728 and the median sale price at $557,800. For 2-bedrooms, the average sale price was $1,376,351 and the median sale price was $1,097,000. The least expensive sale price so far this year for a 1-bedroom was for a 431 square foot renovated suite with mountain views for under $235,000 and the most expensive so far this year was for an 1,100 square foot home with ocean views in a newer building in Dundarave for the mid 800’s. The least expensive sale price so far this year for a 2-bedroom was for a 728 square foot home in an older building in Ambleside for $360,000 and the most expensive so far this year was for a 2,400 square foot Dundarave home with sweeping ocean views and exquisite finishings for $5,000,000.

With 28 West Vancouver 1-bedroom condos currently for sale and taking into account an average of 5 sales per month over the last 3 months, there is currently a 5 & ½ month supply of homes, meaning the absorption rate is 5.5. With 68 West Vancouver 2-bedroom homes for sale and taking into account an average of 17 sales per month over the last 3 months, there is currently a 4 month supply of those homes, with an Absorption Rate of 4. The Absorption Rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. A supply of 3 months or less (a.k.a. an Absorption Rate of 3 or less) generally favours sellers and a supply of 6 months or more generally favours buyers. This is a snapshot of condos in West Vancouver overall and one would want to drill down deeper in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current West Vancouver Condominium Homes For Sale:
There are 3 studio homes
There are 28 one (1) bedroom homes
There are 68 two (2) bedroom homes
There are 7 three (3) bedroom homes
There is 1 four (4) bedroom home

There are currently 26 two-bedroom homes priced under $750,000 in West Vancouver and 15 one-bedroom homes priced under $400,000.

West Vancouver Condominium Homes For Sale By Community:
Altamont – 1 home for sale
Ambleside – 44
Bayridge – 0
British Properties – 0
Canterbury – 0
Caulfeild – 0
Cedardale – 3
Chartwell – 0
Chelsea Park – 0
Cypress – 0
Cypress Park Estates – 5
Deer Ridge – 1
Dundarave – 20
Eagle Harbour –0
Eagleridge – 0
Furry Creek – 0
Gleneagles – 0
Glenmore – 0
Horseshoe Bay – 5
Howe Sound – 0
Lions Bay – 1
Olde Caulfeild – 0
Panorama Village – 9
Park Royal – 13
Queens – 0
Rockridge – 0
Sandy Cove – 0
Sentinel Hill – 0
Upper Caulfeild – 0
West Bay – 0
Westhill – 0
Westmount – 0
Whitby Estates – 6
Whytecliff – 0


West Vancouver Condo Update

June 26, 2011

There are currently 108 condominium apartment homes for sale in West Vancouver ranging in price from $235,000 for a 459 square foot studio in Ambleside to $7,800,000 for a 4 bedroom, 4,811 square foot penthouse in Dundarave.

There have been 80 sales since March 1st, with the average sale price for a 1-bedroom during that time coming in at $487,051 and for a 2-bedroom coming in at $1,318,298. The least expensive sale price so far this year for a 1-bedroom was for a 431 square foot renovated suite with mountain views for under $235,000 and the most expensive so far this year was for an 1,100 square foot home with ocean views in a newer building in Dundarave for the mid 800’s. The least expensive sale price so far this year for a 2-bedroom was for a 728 square foot home in an older building in Ambleside for $360,000 and the most expensive so far this year was for a 2,400 square foot Dundarave home with sweeping ocean views and exquisite finishings for $5,000,000.

With 27 West Vancouver 1-bedroom condos currently for sale and taking into account 8 sales last month, there is currently a 3 and 1/2 month supply of homes, meaning the Absorption Rate is 3.5. With 67 West Vancouver 2-bedrooms for sale and taking into account 20 sales last month, there is currently a 3 & ½ month supply of those homes as well, with the same absorption rate of 3.5. The Absorption Rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. A supply of 3 months or less (a.k.a. an absorption rate of 3 or less) generally favours sellers and a supply of 6 months or more generally favours buyers. This is a snapshot of condos in West Vancouver overall and one would want to drill down in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current West Vancouver Condominium Homes For Sale:
There are 4 studio homes
There are 27 one (1) bedroom homes
There are 67 two (2) bedroom homes
There are 9 three (3) bedroom homes
There is 1 four (4) bedroom home

There are currently 24 two-bedroom homes priced under $750,000 in West Vancouver.

West Vancouver Condominium Homes For Sale By Community:
Altamont – 0 homes for sale
Ambleside – 45
Bayridge – 0
British Properties – 0
Canterbury – 0
Caulfeild – 0
Cedardale – 3
Chartwell – 0
Chelsea Park – 0
Cypress – 0
Cypress Park Estates – 6
Deer Ridge – 2
Dundarave – 20
Eagle Harbour –0
Eagleridge – 0
Furry Creek – 0
Gleneagles – 0
Glenmore – 0
Horseshoe Bay – 3
Howe Sound – 0
Lions Bay – 1
Olde Caulfeild – 0
Panorama Village – 11
Park Royal – 10
Queens – 0
Rockridge – 0
Sandy Cove – 0
Sentinel Hill – 0
Upper Caulfeild – 0
West Bay – 0
Westhill – 0
Westmount – 0
Whitby Estates – 7
Whytecliff – 0


North Vancouver 1-Bedroom Condo Apartment Property Statistics

June 23, 2011

North Vancouver
In North Vancouver there are currently 192 active one-bedroom properties for sale, ranging in price from $159,900. to $599,900., with the average asking price being $342,433. There have been 103 sales since March, with the average selling price being $311,058. and the average cost per square foot being $448. The least expensive sale price this year was for $155,000. in April and the most expensive was for $620,000. in June. With 192 properties currently for sale and 20 sales last month, there is currently a 9 & 1/2 month supply of homes.

Lower Lonsdale
In Lower Lonsdale there are currently 79 active one-bedroom properties for sale, ranging in price from $209,900. to $599,900., with the average asking price being $336,536. There have been 46 sales since March, with the average selling price being $308,973. and the average cost per square foot being $465. The least expensive sale price this year was for $195,000. in April and the most expensive so far this year was for $495,000. in March. With 79 properties currently for sale and 13 sales last month, there is currently a 6 month supply of homes.

The Pier
In The Pier there are currently 10 active one-bedroom properties for sale, ranging in price from $349,000. to $599,900., with the average asking price being $461,940. There have been 3 sales since March, with the average selling price being $406,666. and the average cost per square foot being $589. The least expensive sale price this year was for $390,000. in April and the most expensive so far this year was for $440,000. in April. With 10 properties currently for sale and taking into acccount the average number of sales per month up to this point, there is currently a 6 month supply of homes.


West Vancouver Condo / Apartment Property Statistics (1-Br)

September 10, 2010

WEST VANCOUVER
In West Vancouver there are currently 30 active one-bedroom properties for sale, ranging in price from $219,000. to $995,000., with the average asking price being $482,813. There have been 28 sales this year, with the average selling price being $488,326. and the average cost per square foot being $598. The least expensive sale price so far this year was for $210,000. in February and the most expensive was for $775,000. in April. With 30 properties currently for sale and with 3 sales last month, there is currently a significant month supply of homes.

AMBLESIDE
In Ambleside there are currently 14 active one-bedroom properties for sale, ranging in price from $219,000. to $995,000., with the average asking price being $442,935. There have been 6 sales this year, with the average selling price being $446,166. and the average cost per square foot being $505. The least expensive sale price so far this year was for $297,000. in May and the most expensive was for $775,000. in April. With 14 properties currently for sale and with no sales last month, there is currently a significant supply of homes.

DUNDARAVE
In Dundarave there are currently 8 active one-bedroom properties for sale, ranging in price from $279,000. to $828,000., with the average asking price being $549,414. There have been 19 sales this year, with the average selling price being $491,744. and the average cost per square foot being $639. The least expensive sale price so far this year was for $210,000. in February and the most expensive was for $765,000. in April. With 8 properties currently for sale and with 2 sales last month, there is currently a 4 month supply of homes.


North Vancouver Condo/Apartment Property Statistics (1-Br)

March 10, 2010

North Vancouver
In North Vancouver there are currently 122 active one-bedroom properties for sale, ranging in price from $209,900. to $699,000., with the average asking price being $360,103. There have been 61 sales since December, with the average selling price being $330,580. and the average cost per square foot being $484. The least expensive sale price last year was for $149,000. in June and the most expensive was for $710,000. in July. With 122 properties currently for sale and taking into account the average number of sales per month over the last 3 months, there is currently a 6 month supply of homes.

Lower Lonsdale
In Lower Lonsdale there are currently 50 active one-bedroom properties for sale, ranging in price from $209,900. to $688,000., with the average asking price being $368,095. There have been 24 sales since December, with the average selling price being $349,454. and the average cost per square foot being $532. The least expensive sale price last year was for $160,000. in June and the most expensive so far this year was for $480,000. in January. With 50 properties currently for sale and taking into account the average number of sales per month over the last 3 months, there is currently a 6 month supply of homes.

The Pier
In The Pier there are currently 12 active one-bedroom properties for sale, ranging in price from $349,000. to $688,000., with the average asking price being $444,033. There have been 5 sales since December, with the average selling price being $416,600. and the average cost per square foot being $635. The least expensive sale price last year was for $346,000. in May and the most expensive so far this year was for $480,000. in January. With 12 properties currently for sale and taking into account the average number of sales per month over the last 3 months, there is currently a 7 month supply of homes.