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The transition from summer to fall saw increased activity in the North Shore’s real estate market. While September condo sales in North Vancouver were more than 15 per cent higher than those in August, that doesn’t come close to matching the over 92 per cent growth experienced in West Vancouver during the same time period. Seen on its own, that surge can be misleading. When comparing condo sales between July and September 2015 with those during the same time period last year, North Vancouver is up close to 44 per cent while West Vancouver’s rise is just under eight per cent.
North Vancouver owners looking to sell were also quick to embrace fall: there were 29 per cent more new listings in September than August. In West Van, there was just over a 16 per cent drop in the number of new listings.
Lower Lonsdale
This perennially popular neighbourhood with its easy access to shops and cafés as well as the SeaBus had 98 active listings at the time of writing, with a median asking price of $409,000. There has been plenty of new development in the area and two of the latest to come to market are Trophy at the Pier (currently under construction) and West Quay (in preconstruction). Prices in the latter, where occupancy is expected in 2017, range from $329,900 for a one-bedroom to $659,900 for a two-bedroom home. A condo at Trophy will set you back more: its listings range from $539,900 to $889,900.
Of the seven reported sales in Lower Lonsdale from September 19 to October 2, none went for over asking and only one, at the brand-new The Anchor, sold for list price. Owners otherwise accepted offers between one and seven per cent lower than list.
Roche Point
It’s a quick trip along the picturesque Dollarton Highway to the scenic Roche Point community. Here the median list price for the area’s 29 active listings is $387,900. Destiny2 at Raven Woods is currently under construction with several homes still available ranging from $289,900 to $397,900. Also coming to the market are waterfront condos at Cates Landing, where a two-bedroom will set you back $618,000.
Two condos were reported as sold in this neighbourhood between September 19 and October 2. One, a generously sized one-bedroom in the 25-year-old Roche Point Tower, was snapped up after nine days on the market for its list price of $449,000. The other, a considerably smaller one-bedroom in a 13-year-old complex, sold for slightly under asking. The owner listed for $289,800 and accepted an offer of $288,000.
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