As seen in...
Westcoast Condominium
As we creep closer to spring, every market is seeing an upswing in the number of listings. In New West, there are 57 per cent more condos sporting for sale signs at the time of writing than there were two weeks previously. Perhaps more importantly, the properties that are available are significantly more affordable with the median price $85,500 less. The city’s cheapest listing hit the boards January 26 at $98,000. It’s a one-bedroom unit on Ninth Street in Uptown. If your pockets are deeper (much deeper!), the priciest condo in town is currently a two-bed in Fraserview’s Palace Quay building. It came on the market January 19 for $1,150,000.
Downtown
This is a great neighbourhood for walking, with locals enjoying strolls along historic Columbia Street or the beautiful boardwalk by the Quay. There are 24 active listings; the most recent came on the market the same day this article was written and one-quarter of the properties were listed within a week of that time. Of those recent listings, the youngest condo is a one-bedroom in three-year-old Brickstone Walk 2 where the owner is asking $289,000. The oldest, on the market since January 25, is in the 41-year-old tower The Peppertree. It’s a two-bedroom home listed for $229,000.
A quick look at recent area sales finds very happy sellers in Royal Albert Towers. They listed their two-bedroom unit for $249,900 and two weeks later closed a deal for $278,000 – 11 per cent over asking.
Sapperton
Once considered a New Westminster suburb, Sapperton was named for the Royal Engineers or Sappers. Today, residents have easy access to two SkyTrain stations: Sapperton and Braid. None of the neighbourhood’s 12 active listings are particularly new but half of them are in The Sapperton at The Brewery District which is now under construction. This condo and townhouse combo complex will have 114 units and be part of a new 750-home community. Prices on current listings range from $380,900 to $1.1 million.
The nearby Anvil building recorded a sale January 21. A one-bedroom home listed for $241,500 spent 72 days on the market before changing hands for $234,000 – three per cent less than listing.
NewWest condo market snapshot
