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Were you feeling the heat last month? Temperatures were unusually warm for April and so were North Shore condo sales. Yet, while sales were up compared with the same month last year, they were actually a bit soft compared with the March madness. Sales were down nine per cent in North Vancouver and 12 per cent in West Van. North Shore condo owners were accepting offers anywhere from seven below list to an incredible 35 per cent over asking. The latter property was no entry-level option. Rather a buyer paid more than $500,000 more than asking for a home in Central Lonsdale’s The Kimpton.
Roche Point
Waterfront communities are always popular and many Roche Point homes have great views of the picturesque Burrard Inlet. Right now there are 11 active listings crying out for new owners. They range from $254,900 for a one-bedroom condo in Seasons at Raven Woods that came on the market in mid-March to $688,800 for a two-bedroom home in Destiny at Raven Woods that was listed in mid-April.
At least nine Roche Point condos sold last month. After 81 days on the market, the owners of a one-bedroom in The Legend let their home go for five per cent under their $259,000 asking price. Parkway Terrace owners of a three-bedroom fared better. Their condo took only six days to sell for $637,000 – 16 per cent more than they listed for.
Lynn Valley
There are currently 10 condos that could be your entry to living in this tight-knit community. These start at $399,900 for a two-bedroom in Treelynn. A two-bedroom is also the most expensive neighbourhood listing: $899,900 for a pre-sale in The Residences at Lynn Valley which is scheduled for completion in 2017.
Some eight condos in the neighbourhood found new owners in April. The best deal? A two-bedroom in Branches sold for one per cent under its $549,000 asking price after 23 days. The most competitive listing? A two-bedroom in Highgate spent 11 days on the market before selling for 22 per cent over its list price of $469,000.
North Shore Condo Market Snapshot
