North Shore Condo Market Snapshot: January 29-February 12, 2016

Date
29.02.2016
Words by
Jill Lunde
North Shore Condo Market Snapshot: January 29-February 12, 2016 hero imageNorth Shore Condo Market Snapshot: January 29-February 12, 2016 hero image
Active families are right at home in the North Shore’s condo market

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Westcoast CondominiumWestcoast Condominium

Westcoast Condominium

With amazing access to the great outdoors, the North Shore has been attracting families for ages. However, with median detached home prices reaching stratospheric proportions ($1.6 million for North Vancouver and over $3 million for West Van), many families are embracing the condominium lifestyle in order to call the area home. With condos now in neighbourhoods large and small, it’s not hard to find one close to schools, community centres and other amenities families appreciate.

Homes with three or more bedrooms are only seven per cent of the North Shore’s active listings, so the competition for them can be stiff. And, even though we’re talking condos, bear in mind that condos here are still well over the price of homes in some of the outer burbs. Of the 208 active listings, 15 are three-bedrooms and one is a four-bedroom. Prices for these homes start at $818,000 and go as high as more than $7 million.

Deer Ridge

If sheer floor space is your goal and money is no object, make Deer Ridge at the foot of Cypress Bowl your destination. There are two three-bedroom condo homes available here. The largest, at just over 4,700 square feet (plus a 1,200-square-foot private terrace), can be yours for $4.28 million. In the same building but considerably smaller at 1,837 square feet is the neighbourhood’s other three-bedroom offering. It’s a fraction of the size of its neighbour but also a fraction of the cost: $1,498,000.

Lower Lonsdale

Your dollar is going to go a lot further when you move east into North Vancouver and this popular neighbourhood. Four of the area’s 42 active listings have three bedrooms and several of the two-bedroom homes are more than 1,000 square feet. The North Shore’s cheapest three-bedroom condo ($818,000) can be found here. It’s in The Pier - West Esplanade and close to recreation and shopping as well as the SeaBus. For more than double your money, you can call a three-bedroom unit in Pinnacle Residences at The Pier home. This 1,477-square-foot condo is on the market for $1,988,000.

North Shore condo market snapshotNorth Shore condo market snapshot

North Shore condo market snapshot

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