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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West Vancouver Condo Update

August 20, 2011

There are currently 127 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 88 sales since May 1st, with the average sale price for a 1-bedroom during that time coming in at $536,659 and the median sale price at $575,000. For 2-bedrooms, the average sale price was $1,402,327 and the median sale price was $1,065,000. 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 23 West Vancouver 1-bedroom condos currently for sale and taking into account 6 sales last month, there is currently a 4 month supply of homes, meaning the absorption rate is 4.0. With 73 West Vancouver 2-bedroom homes for sale and taking into account 15 sales last month, there is currently a 5 month supply of those homes, with an Absorption Rate of 5.0. 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 4 studio homes
There are 23 one (1) bedroom homes
There are 73 two (2) bedroom homes
There are 21 three (3) bedroom homes
There is 6 four (4) bedroom homes

There are currently 24 two-bedroom homes priced under $750,000 in West Vancouver and 13 one-bedroom homes priced under $400,000.

West Vancouver Condominium Homes For Sale By Community:
Altamont – 1 home for sale
Ambleside – 40
Bayridge – 0
British Properties – 0
Canterbury – 0
Caulfeild – 0
Cedardale – 2
Chartwell – 0
Chelsea Park – 1
Cypress – 0
Cypress Park Estates – 9
Deer Ridge – 2
Dundarave – 21
Eagle Harbour –0
Eagleridge – 0
Furry Creek – 5
Gleneagles – 0
Glenmore – 0
Horseshoe Bay – 3
Howe Sound – 0
Lions Bay – 1
Olde Caulfeild – 0
Panorama Village – 8
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 – 5
Whytecliff – 0


Some Interesting West Vancouver 2-Br Condo Sales

January 9, 2011

A more detailed analysis of what’s happening / what happened in the West Vancouver condo market will follow, but for now here are a few pictures of homes that sold in 2010. There were 109 sales in total.

The most expensive to sell was this offering:

For a little under $2 million, you would have gotten over 1400 square feet of luxurious, penthouse living space, some pretty good views and a location literally just steps from restaurants and shops.

The least expensive to sell was this offering:

For under $355,000. you could have been living in a 741 square foot, renovated home in Dundarave.

Right in the middle of all the sales we have this one:

Under $730,000. would have bought you over 1200 square feet of living area, some ocean view and a building under 12 years old.


Significant 1-Br Condo Apartment Sales in West Vancouver

January 8, 2011

A more detailed analysis of what’s happening / what happened in the West Vancouver market will follow, but for now here are a few pictures of homes that sold in 2010. There were 42 sales in total.

The most expensive to sell was this offering:

For a little under $1.5 million, you would have gotten this 1400 square foot condo on the water with some spetacular views. Home had not been updated in a while, but the view was very today!

The least expensive to sell was this offering:

For under $215,000. you could have been living in a 645 square foot home with a view of the mountains. Ambleside for this price? Probably one of the best deals last year.

Right in the middle of all the sales we have this one:

Nicely renovated home with ocean views in a well-maintained building over 40 years old. Seawall is just steps away.


North Vancouver Condo Apartment Property Statistics (1-Br)

December 7, 2010

North Vancouver
In North Vancouver there are currently 192 active one-bedroom properties for sale, ranging in price from $169,900. to $649,900., with the average asking price being $343,558. There have been 144 sales this year, with the average selling price being $314,991. and the average cost per square foot being $458. The least expensive sale price this year was for $155,000. in April and the most expensive was for $495,900. in March. With 192 properties currently for sale and 27 sales last month, there is currently a 7 month supply of homes.

Lower Lonsdale
In Lower Lonsdale there are currently 80 active one-bedroom properties for sale, ranging in price from $219,900. to $599,900., with the average asking price being $340,384. There have been 66 sales this year, with the average selling price being $318,497. and the average cost per square foot being $473. 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 80 properties currently for sale and11 sales last month, there is currently a 7 month supply of homes.

The Pier
In The Pier there are currently 9 active one-bedroom properties for sale, ranging in price from $349,000. to $599,900., with the average asking price being $481,744. There have been 3 sales this year, 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 9 properties currently for sale and 2 sale last month, there is currently a 4 & 1/2 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.


This Home Scores an “A”

September 2, 2010

Do you remember striving to get good grades when you were in school? There’s a great site on the internet called walkscore.com. It rates the walkability of an address or neighbourhood. More walking means less driving and according to this site, your feet are “zero-pollution transportation machines.” Did you know that the average resident of a walkable neighbourhood weighs 7 pounds less than someone who lives in a sprawling neighbourhood? If you enter 305-250 W 1st St into the address field at walkscore.com, it comes up with an 88/100 score. That’s an “A” where I come from.

So, if you like getting good grades or at least the idea of getting good grades, if you care about the environment and you enjoy healthy and healthful living, you may want to consider this property at 305-250 W 1st St in Lower Lonsdale.