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Westcoast Condominium
There was no slowdown in condo sales as spring edged closer to summer. While the sellers’ market was good in North Vancouver (two per cent higher in May than April and 15 per cent higher than May 2015), it was positively rampant in West Van (59 per cent higher month over month and 23 per cent more than the previous May).
It was North Van that saw the greatest highs and lows of sales. A Lower Lonsdale owner let their Pinnacle Residences home go for 12 per cent under asking while a Central Lonsdale Lions View seller accepted an offer 22 per cent over asking.
Pemberton
The handful of active condo listings here start at $325,000 for a one-bedroom in Woodcroft Estates. You can tip the other end of the scale with a one-bedroom in The Drive that’s listed at $459,900.
There are some interesting comparables with Woodcroft Estate recent sales, with six of the complex’s properties finding new owners in May. One seller settled for three per cent under their $359,000 list price after only a week on the market. All the other sellers received their asking price or more. Indeed, one unit went for 16 per cent over its $248,000 sticker price.
Dundarave
As one of the most in-demand neighbourhoods in West Van, Dundarave is best for those with deep pockets. The cheapest active condo listing is $679,800 for a studio in Seastrand. If that feels too rich, you probably don’t want to know about the three-bedroom in Les Terraces for $7,498,000.
If it’s any consolation, most of the five Dundarave sales that showed up in our May report went for under asking. Only one, a two-bedroom in The Bellevue, had an offer over asking. That home sold for three per cent more than its $650,000 price.
For a full summary of the North Shore condo market in May 2016, check out our infographic below.
North Shore Condo Market - May 2016
