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


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


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.


Significant Sales of 1-Br Condo Apartment Properties in Lower Lonsdale

January 5, 2011

A more detailed analysis of what’s happening / what happened in the Lower Lonsdale market will follow, but for now here are a few pictures of homes that sold in 2010.

The most expensive to sell was this offering:

A little under $630,000. would have gotten you around 650 square feet of air-conditioned living space, stainless steel appliances, a pretty good view and a building only about a year old.

The least expensive to sell was this offering:

A little under $200,000. would have gotten you 604 sqare feet of living space in a corner unit with peek-a-boo downtown views, in a 30-year old building.

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

For a little under $320,000. you would now be living in a suite in a 3-year old building, offering 512 square feet of air conditioned living space, stainless steel appliances, hardwood floors and an eastern exposure.


The Year in Review for Lower Lonsdale 2-Br Condos

January 4, 2011

A more detailed analysis of what’s happening / what happened in the Lower Lonsdale market will follow, but for now here are a few pictures of homes that sold in 2010.

The most expensive to sell was this offering:

$1,000,000. would have gotten you a little over 1000 square feet, water and city views and a brand new building.

The least expensive to sell was this offering:

For under $265,000., you would have gotten a two-bedroom, 2-bathroom, 924 square foot home in a 34 year old building. No view here but you’re close enough to the water that you can see it when you step outside.

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

For under $475,000. you would now be living in a 19 year old building, offering 980 square feet of living space, a couple of bedrooms and bathrooms and a pretty good view of the city and water.


North Vancouver Condo Apartment Property Statistics (2-Br)

December 9, 2010

North Vancouver
In North Vancouver there are currently 178 active two-bedroom properties for sale, ranging in price from $215,000. to $2,588,000., with the average asking price being $515,342. There have been 116 sales since September, with the average selling price being $447,336. and the average cost per square foot being $445. The least expensive sale price this year was for $190,000. in September and the most expensive was for $1,120,000. in February. With 178 properties currently for sale and with 22 sales last month, there is currently an 8 month supply of homes.

Lower Lonsdale
In Lower Lonsdale there are currently 53 active two-bedroom properties for sale, ranging in price from $285,000. to $2,588,000., with the average asking price being $728,265. There have been 31 sales since September, with the average selling price being $494,416. and the average cost per square foot being $497. The least expensive sale price so far this year was for $260,000. in September and the most expensive was for $1,000,000. in June. With 53 properties currently for sale and 7 sales last month, there is currently a 7 & 1/2 month supply of homes.

The Pier
In The Pier there are currently 15 active two-bedroom properties for sale, ranging in price from $535,800. to $2,588,000., with the average asking price being $728,265. There have been 5 sales since September, with the average selling price being $537,500. and the average cost per square foot being $550. The least expensive sale price on record this year was for $510,000. in May and the most expensive was for $1,000,000. in June. With 15 properties currently for sale and no sales last month, there is currently a significant supply of homes.


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.