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As the condo spending spree heats up, buyers intent on finding a home in New West can take heart. Sales here last month were up over February but by just a touch under 10 per cent. Product is not flying off the shelves quite as fast as in other areas, and that makes for more realistic pricing. That doesn’t mean you can avoid bidding wars (one property sold for 27 per cent more than its list price), but most sellers are looking to accept reasonable offers.
Uptown
This New West neighbourhood is one of the city’s distinctive commercial hubs where condo developments rub shoulders with single family homes. The area’s 65 active condo listings range in price from $121,900 for a one-bedroom in Vista Royal that was listed last July to $588,000 for a two-bedroom in The Uptown that came on the market in late March. The area’s newest listing appeared on April 1 (no fooling!) and is for a one-bedroom in Cedarhill Manor listed for $149,900.
One of the Vista Royal suites changed hands in March. After 16 days on the market, that one-bedroom sold for one per cent less than its $135,000 sticker price. Of 19 area sales in March, the happiest seller may well have been the one who listed their two-bedroom in San Sebastian for $249,800 on March 22 and sold it for $316,001 on March 29.
Glenbrooke North
This is another close-knit New West neighbourhood with a mix of condos, townhouses and detached homes bordering Queen’s Park. There are only two active condo listings here; both are in Eight West. A one-bedroom is listed for $325,000 while a two-bedroom is for sale for $389,800.
Another Eight West two-bedroom changed hands in March. Listed for 10 days at $418,000, it sold for $437,500. Two other recent neighbourhood sales spent only five days on the market. A one-bedroom in The Winchester sold for six per cent over its $299,900 list price and a two-bedroom in The Westerly went for seven per cent over its $349,900 asking price.
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