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Recent North Shore condo sales are all over the map: 10 of the 22 sales went for less than list; eight properties appeared to be priced correctly, selling at list; and four owners rejoiced with closings over their asking prices. The biggest gain was for a two-bedroom Lower Lonsdale condo. After 11 days on the market, its owners walked away with seven per cent more than they were asking for their 41-year-old home: $341,000. Perhaps not so pleased were the owners of a 40-year-old, two-bedroom Dundarave home. This 1.4 million dollar listing sold for five per cent under asking after a little over five weeks on the market.
Dundarave
This beautiful beachside community is one of the most in-demand neighbourhoods in West Van and five of its 17 active listings are over the million-dollar mark. It’s not all lifestyles of the rich and famous here though… you can hobnob with the millionaires for as little as $299,000 for a one-bedroom condo in the 51-year-old Surfside Towers. Then again, if you are living the dream and have $9.65 million to spare, there’s a three-bedroom, eight-year-old home on Argyle Avenue with your name on it.
There were two recent sales here. In addition to the previously mentioned listing that went for less than asking, a three-bedroom in the 40-year-old Bellevue Terraces complex was snapped up after only four days on the market for $56,000 over its asking price of $2,749,000.
Lower Lonsdale
The North Shore’s fastest growing and most populated neighbourhood is commonly referred to by locals as LoLo. With over 100 active listings, you can live here for a “lo-lo” of $189,000. That will buy you a studio in the 46-year-old Harbour Court Apartments. At the other end of the scale, the neighbourhood’s “hi-hi” listing is $2,688,000 for a four-bedroom, eight-year-old penthouse on Esplanade. The community’s median listing price is $434,000.
Twenty-three of the neighbourhood’s active listings at the time of writing are for brand-new homes. Some, like the waterfront Trophy at the Pier and The Anchor, are currently under construction. Others, like West Quay, are in the preconstruction phase and aren’t expected to be complete until 2017.
Of the five recent sales in Lower Lonsdale, only one went for less than list price. After only four days on the market, the owners of a two-bedroom unit at Nottingham Place let their home go for three per cent less than their $329,900 asking price.
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