North Shore Condo Market Snapshot: Dec 2015

Date
13.01.2016
Words by
Jill Lunde
North Shore Condo Market Snapshot: Dec 2015 hero imageNorth Shore Condo Market Snapshot: Dec 2015 hero image
The real estate market is awakening from a sleepy December with new records anticipated for 2016

As seen in...

Westcoast CondominiumWestcoast Condominium

Westcoast Condominium

It was a quiet Christmas season for condo buyers and sellers last month, with both listing and sales activity down over November. Nevertheless, December 2015 was much busier than that same month a year before. North Vancouver saw 66 new condo listings compared with 62 in December 2014; where the activity was really exceptional was in sales: 102 in December 2015 versus 59 in December 2014. Indeed North Vancouver condo sales were just over 63 per cent stronger for the last three months of 2015 than they had been for the same time period a year earlier.

Central Lonsdale

This community in the heart of North Vancouver offers a blend of high and low rises, along with townhouses and duplexes. There are currently 13 active listings ranging from a low of $268,800 to a high of $1,798,000. The former is a four-year-old one-bedroom condo in Villa St. Georges listed in late November. This ground floor garden home faces the quiet side of the building and has an efficient layout with no wasted space. The much more expensive option is for a two-bedroom penthouse in The Symphony, a 13-year-old building on West 16th Street. No expense was spared in this suite which includes elevator access to a private foyer. But it’s the 360 degree views of the ocean, city and mountains that will ultimately sell the place (it’s been on the market since late October).

If you hanker for a brand-new home for a brand-new year, you can put a deposit down on a home in Centre View, which is now under construction on East 13th Street. A two-bedroom unit here was listed in mid-December for $834,900. It boasts two private balconies with views of downtown and the Burrard Inlet.

Looking at recent sales, a one-bedroom home in the two-year-old Local on Lonsdale complex spent a mere four days on the market before it was snapped up for two per cent under its asking price of $530,000.

Ambleside

This is one of Metro Vancouver’s most loved locations with many amenities including the ever popular Ambleside Beach. There are 19 active condo listings here and, while the area is more known for its expensive price tags, there are three homes (all one-bedrooms) on the market for under $250,000. Two of these are in the 50-year-old Oceanbrook building, with the third in the nearby 52-year-old Shalimar complex.

At a higher end of the scale, there are four listings that will set you back well over the million-dollar mark. The priciest ($2,880,000) is a corner unit in a low rise currently under construction on 15th Street. You can expect nothing but top-of-the-line features throughout this beautiful space.

North Shore Condo Market SnapshotNorth Shore Condo Market Snapshot

North Shore Condo Market Snapshot

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