North Shore Condo Market Snapshot: January 1-15, 2016

Date
29.01.2016
Words by
Jill Lunde
North Shore Condo Market Snapshot: January 1-15, 2016 hero imageNorth Shore Condo Market Snapshot: January 1-15, 2016 hero image
There's a healthy base of snow on the North Shore… but how healthy is the current condo market?

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Westcoast CondomoiniumWestcoast Condomoinium

Westcoast Condomoinium

It’s still early in the year and pickings are relatively slim when it comes to condo hunting on the North Shore. If this is your location of choice and your hunt has been ongoing, you can take heart learning that over 20 per cent of the active listings are new, with 33 owners posting for sale signs within one week of the time of writing. Three homes hit the market January 14: a one-bedroom in Lower Lonsdale for $499,900; a two-bedroom in Central Lonsdale for $614,900; and a two-bedroom in Ambleside for $788,000.

The fastest selling properties were priced well. A three-bedroom in Lower Lonsdale’s Mira building spent two days on the market before being snapped up January 10 for a smidge over its asking price of $1,799,000. The successful buyer offered $1,000 more to secure their dream home. Up the hill in Central Lonsdale, a two-bedroom in Ashton Place was available for three days before its owners had an offer they couldn’t refuse: $395,000 (one per cent below the $399,900 list price).

Dollarton

It’s going to cost you plenty of dollars to move into this small waterfront community adjacent to Deep Cove. The area’s four active listings are all in Cates Landing, a Polygon complex in preconstruction. The current listings range from $618,000 to $988,000 – all for two-bedroom homes. Scheduled for completion in 2017, this boutique community offers panoramic views of Burrard Inlet.

New owners started their year off well purchasing a two-bedroom home in the complex January 3 for its list price of $1,028,000.

Lynn Valley

Another tight-knit North Shore community, Lynn Valley is enjoying rejuvenation with its new town centre. There are eight active condo listings in the neighbourhood with half of these being newcomers hitting the market within a week of the time of writing. They include two condos in Treelynn for $289,000 and $389,900, a home in Lynn Terrace 2 for $414,900, and another in Beacon at Seylynn Village for $782,900.

There was a January 3 sale in this neighbourhood too. A one-bedroom in the Highgate complex took 82 days to sell at one per cent under its original $369,900 asking price.

NorthShore Condo Market SnapshotNorthShore Condo Market Snapshot

NorthShore Condo Market Snapshot

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North Shore Condo Market Snapshot: January 1-15, 2016 | REW | The Guide