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A 2014 survey found that people who live on the North Shore are our region’s most enthusiastic endorsers. The area scored high on safety and as a good place to raise children; easy access to the outdoors as well as cultural amenities also helped. Housing affordability was the North Shore’s Achilles heel, according to the poll, and that’s no surprise as the median selling price of condos here is higher than many other parts of Metro Vancouver.
When it comes to recent real estate activity, the North and West Vancouver markets were not playing the same song. North Vancouver saw a 20 per cent decrease in the number of new listings in October compared with September and sales for that time period were up by close to 11 per cent. In West Vancouver, listings were up (11.5 per cent) but sales were down by 20 per cent.
Only one of 22 properties recently reported sold went for over asking. A two bedroom in Central Lonsdale’s Avondale complex sold for $575,000 – one per cent more than its $568,800 list price. Several properties went for their sticker price, most notably in brand-new and preconstruction developments including West Quay, Seylynn Village, and Cates Landing.
Park Royal
This West Vancouver neighbourhood is undergoing considerable change with the redevelopment of the area’s major shopping district. None of the 28 active listings here come cheap: prices range from $848,000 for a two-bedroom in the 22-year-old WestRoyal building to $3.95 million for a penthouse in the same building.
The new kid on the Park Royal block is Evelyn and there are several active listings here. The development is a mix of condos, townhouses and single-family homes with some move-in ready and others not expected to be finished until 2017. Condo prices in Evelyn range from $975,900 to $3.38 million.
Indian River
Residents often choose this northeastern neighbourhood for its close proximity to North Van’s two golf courses and Deep Cove is right next door with its quaint village and restaurants. Indian River’s nine active listings start with a one-bedroom home in the 22-year-old Mountain Terrace building for $439,000. The most expensive listing in the community is in the same complex. This three-bedroom unit is on the market for $899,000.
Condo hunters can also check out the two-bedroom listing in the five-year-old Nature’s Cove development. This top-floor unit was listed in September with an asking price of $548,800.
North Shore Condo Market Snapshot: Nov 13
