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 Single Family Home Update

September 26, 2011

There are currently 478 single family homes for sale in West Vancouver ranging in price from $729,000 for a 3 bedroom home on Passage Island to $39,000,000 for an 11 bedroom, 29,770 square foot mansion on a 5.44 acre lot at 2190 Camelot Road.

There have been 325 sales since June 1st, with the average sale price during that time coming in at $2,344,259 and the median sale price being $1,930,000. The least expensive sale price so far this year was for a 3-bedroom west coast contemporary in Lions Bay for a little under $630,000 and the most expensive so far this year was for a 6-bedroom, 10,000 square foot beauty in Caulfeild with stunning views, for a little under $11,000,000.

With 478 West Vancouver homes currently for sale and taking into account 69 sales last month, there is currently a 7 month supply of homes, meaning the Absorption Rate is 7.0. 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 West Vancouver overall and one would want to drill down a little deeper in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current West Vancouver Homes For Sale:
There are 0 one (1) bedroom homes
There are 17 two (2) bedroom homes
There are 107 three (3) bedroom homes
There are 172 four (4) bedroom homes
There are 108 five (5) bedroom homes
There are 56 six (6) bedroom homes
There are 10 seven (7) bedroom homes
There are 2 eight (8) bedroom homes
There are 1 nine (9) bedroom homes
There are 0 ten (10) bedroom homes
There are 0 eleven (11) bedroom homes

There are currently 33 homes priced under $1 million in West Vancouver.

West Vancouver Homes For Sale By Community:
Altamont – 17 homes for sale
Ambleside – 49
Bayridge – 19
British Properties – 61
Canterbury – 9
Caulfeild – 34
Cedardale – 6
Chartwell – 14
Chelsea Park – 4
Cypress – 10
Cypress Park Estates – 14
Deer Ridge – 1
Dundarave – 27
Eagle Harbour – 27
Eagleridge – 6
Furry Creek – 16
Gleneagles – 11
Glenmore – 16
Horseshoe Bay – 7
Howe Sound – 12
Lions Bay – 33
Olde Caulfeild – 3
Panorama Village – 1
Park Royal – 4
Queens – 14
Rockridge – 4
Sandy Cove – 3
Sentinel Hill – 12
Upper Caulfeild – 2
West Bay – 11
Westhill – 6
Westmount – 16
Whitby Estates – 5
Whytecliff – 6
.


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


West Vancouver Single Family Home Update

August 9, 2011

There are currently 450 single family homes for sale in West Vancouver ranging in price from $729,000 for a 3 bedroom home on Passage Island to $39,000,000 for an 11 bedroom, 29,770 square foot mansion on a 5.44 acre lot at 2190 Camelot Road.

There have been 372 sales since May 1st, with the average sale price during that time coming in at $2,259,819 and the median sale price being $1,865,000. The least expensive sale price so far this year was for a 3-bedroom west coast contemporary in Lions Bay for a little under $630,000 and the most expensive so far this year was for a 6-bedroom, 10,000 square foot beauty in Caulfeild with stunning views, for a little under $11,000,000.

With 450 West Vancouver homes currently for sale and taking into account 92 sales last month, there is currently a 5 month supply of homes, meaning the Absorption Rate is 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 West Vancouver overall and one would want to drill down a little deeper in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current West Vancouver Homes For Sale:
There are 0 one (1) bedroom homes
There are 15 two (2) bedroom homes
There are 106 three (3) bedroom homes
There are 147 four (4) bedroom homes
There are 99 five (5) bedroom homes
There are 60 six (6) bedroom homes
There are 14 seven (7) bedroom homes
There are 3 eight (8) bedroom homes
There are 2 nine (9) bedroom homes
There are 0 ten (10) bedroom homes
There are 0 eleven (11) bedroom homes

There are currently 29 homes priced under $1 million in West Vancouver.

West Vancouver Homes For Sale By Community:
Altamont – 15 homes for sale
Ambleside – 39
Bayridge – 14
British Properties – 52
Canterbury – 5
Caulfeild – 24
Cedardale – 7
Chartwell – 18
Chelsea Park – 5
Cypress – 9
Cypress Park Estates – 13
Deer Ridge – 1
Dundarave – 21
Eagle Harbour – 27
Eagleridge – 11
Furry Creek – 18
Gleneagles – 15
Glenmore – 18
Horseshoe Bay – 8
Howe Sound – 12
Lions Bay – 34
Olde Caulfeild – 3
Panorama Village – 1
Park Royal – 4
Queens – 9
Rockridge – 7
Sandy Cove – 6
Sentinel Hill – 10
Upper Caulfeild – 1
West Bay – 12
Westhill – 9
Westmount – 14
Whitby Estates – 5
Whytecliff – 6


West Vancouver’s Sentinel Hill Single Family Home Update

July 20, 2011

There are currently 13 single family homes for sale in Sentinel Hill, ranging in price from $1,348,000 for a 3-bedroom home at 1004 Jefferson to $5,525,000. for a 5-bedroom, 7,500 square foot mansion at 888 Sentinel Hill.

There have been 13 sales since April 1st, with the average sale price during that time coming in at $1,208,153 and the median sale price being $1,170,000. The least expensive sale price so far this year was for a 3-bedroom rancher on Taylor Way for a little under $850,000 and the most expensive so far this year was for a 4-bedroom, 6,000 square foot beauty on Anderson with nice ocean views, for a little under $3.9 million.

With 13 Sentinel Hill homes currently for sale and taking into account an average of 4 sales per month over the last 3 months, there is currently a 3 month supply of homes, meaning the Absorption Rate is 3. 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.

Price Range of Current Sentinel Hill Homes For Sale:
There are currently 4 homes priced under $1.5 million in Sentinel Hill.
$ 1 – 1.1 million – 0
$ 1.1 – 1.2 million – 0
$ 1.2 – 1.3 million – 0
$ 1.3 – 1.4 million – 2
$ 1.4 – 1.5 million – 2
$ 1.5 – 1.75 million – 4
$ 1.75 – 2.0 million – 1
$ 2.0 – 2.5 million – 2
$ 2.5 – 3.0 million – 1
$ 3.0 – 4.0 million – 0
$ 4.0 – 5.0 million – 0
$ 5.0 – 6.0 million – 1
$ 6.0 – 7.0 million – 0
$ 7.0 – 10.0 million – 0
> $10 million – 0

Sentinel Homes For Sale By Street:
Braeside St – 1 home for sale
Eden Pl – 1
Inglewood Ave – 2
Jefferson Ave – 4
Keith Rd – 1
Kings Ave – 1
Mathers Ave – 1
Sentinel Dr – 1


Vancouver West Side Condo Update (2-Br)

July 14, 2011

WEST SIDE
On the West Side of Vancouver there are currently 1010 active two-bedroom properties for sale, ranging in price from $235,000. to $8,350,000., with the average asking price being $1,022,454. There have been 549 sales since April, with the average selling price being $764,507 and the average cost per square foot being $691. The median sale price during this period is $620,000. The least expensive sale price so far this year was for $287,500. in June and the most expensive was for $5,600,000. in April. With 1010 properties currently for sale and with 148 sales last month, there is currently a 7 months supply of homes, an absorption rate of 7. The absorption rate is the ability of the real estate market to absorb or sell all of the homes 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.

KITSILANO
In Kitsilano there are currently 58 active two-bedroom properties for sale, ranging in price from $382,000. to $939,900., with the average asking price being $613,310. There have been 48 sales since April, with the average selling price being $567,651. and the average cost per square foot being $609. The median sale price during this period is $544,000. The least expensive sale price so far this year was for $355,000. in March and the most expensive was for $1,188,000. in April. With 58 properties currently for sale and with 17 sales last month, there is currently a 3 & 1/2 months supply of homes, an absorption rate of 3.5.

FAIRVIEW
In Fairview there are currently 72 active two-bedroom properties for sale, ranging in price from $330,000. to $1,499,000., with the average asking price being $703,611. There have been 62 sales since April, with the average selling price being $622,792. and the average cost per square foot being $603. The median sale price during this period is $599,500. The least expensive sale price so far this year was for $303,000. in February and the most expensive was for $2,725,000. in March. With 72 properties currently for sale and with 20 sales last month, there is currently a 3 & 1/2 months supply of homes, an absorption rate of 3.5.


Vancouver West Side Condo Update

July 14, 2011

WEST SIDE
On the West Side of Vancouver there are currently 704 active one-bedroom properties for sale, ranging in price from $169,000. to $1,298,000., with the average asking price being $435,143. There have been 537 sales since April, with the average selling price being $411,688 and the average cost per square foot being $624. The median sale price during this period is $401,750. The least expensive sale price so far this year was for $148,500. in June and the most expensive was for $1,500,000. in May. With 704 properties currently for sale and with 152 sales last month, there is currently a 4 & 1/2 month supply of homes, an absorption rate of 4.5. The absorption rate is the ability of the real estate market to absorb or sell all of the homes 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.

KITSILANO
In Kitsilano there are currently 74 active one-bedroom properties for sale, ranging in price from $279,000. to $609,000., with the average asking price being $408,135. There have been 52 sales since April, with the average selling price being $402,770. and the average cost per square foot being $600. The median sale price during this period is $395,000. The least expensive sale price so far this year was for $275,000. in January and the most expensive was for $615,000. in February. With 74 properties currently for sale and with 18 sales last month, there is currently a 4 month supply of homes, an absorption rate of 4.

FAIRVIEW
In Fairview there are currently 56 active one-bedroom properties for sale, ranging in price from $225,000. to $688,000., with the average asking price being $387,021. There have been 65 sales since September, with the average selling price being $389,323. and the average cost per square foot being $569. The median sale price during this period is $385,500. The least expensive sale price so far this year was for $185,000. in January and the most expensive was for $539,000. in May. With 56 properties currently for sale and with 13 sales last month, there is currently a 4 month supply of homes, an absorption rate of 4.