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As the real estate market heads into fall, it’s anyone’s guess about what’s around the corner.
Compared to both historical averages and 2022, sales on the North Shore are still down, said Calvin Lindberg, a real estate agent with Angell Hasman and Associates in West Vancouver. But listings, which have been very low this year so far, are creeping back up.
Open houses are busy, said Lindberg. For the most part, that hasn’t translated in a lot of sales.
But when a really desirable house comes along, “That’s when you’ll see multiple offers,” he said. “So it’s kind of a mixed bag.”
According to Zealty.ca, Central and Lower Lonsdale and the Pemberton/Marine Drive corridor are hotspots for condos, while Lynn Valley, Grand Boulevard and Canyon Heights were popular with detached home buyers last month.
In West Vancouver, the British Properties and Caulfeild were on buyers’ radars for detached homes, while Ambleside was the hotspot for condos.
The median selling price for a detached home in North Vancouver was more than $2 million in September, according to the Real Estate Board of Greater Vancouver, while the median selling price of an apartment was $838,000. In West Vancouver, the median selling price of a detached home was a whopping $3,000,000 in September. The real estate board put the “benchmark” price of a typical single-family home in North Vancouver at $2.27 million in September, while a typical home in West Vancouver went for $3.28 million.
Here are some of the most and least expensive homes to sell on the North Shore in August and September:
Most expensive detached home
The most expensive detached home to sell on the North Shore in the past two months was the largest sale of the year so far on the North Shore. That’s when a six-bedroom, eight-bath three-storey home at 770 Greenwood Road in West Vancouver’s British Properties sold for more than $15 million on Sept. 16 after only five days on the market. Described as a modern style concrete home of almost 10,000 square feet, the home was designed by Frits de Vries Architects and features an outdoor pool, sauna, steam room, wine and media rooms, triple garage and radiant heating, as well as stunning views over downtown Vancouver. The home was most recently assessed at $8.1 million, and last sold in March 2016 for $4.5 million.
Most expensive townhouse
The most expensive townhouse to sell in the past two months is a one-of-a-kind mid-century modern Hollingsworth-designed home at 3708 Edgemont Blvd. in Edgemont Village that sold for just under $2.85M on Sept. 26 after just a week on the market.
Originally built in 1952, the home in a private setting has been extensively renovated but retains its MCM character. The two-level, four-bedroom, three-bathroom 2500-square-foot townhouse features 16-foot-high ceilings, Kayu Batu decking, a hot tub, lush landscaping and mountain views. Open concept with a bonus home office outbuilding, the townhouse is walking distance to Edgemont Village. It was most recently assessed at $1.87 million, and last sold in February 2017 for $1.8 million.
Most expensive apartment
The most expensive apartment to sell on the North Shore in the past two months hasn’t even been built yet, but comes with luxury cred.
The three-bedroom, four-bathroom 5,700-square foot penthouse in the Sentinel development by Denna Homes at 2501 – 200 Klahanie Court, overlooking the Lions Gate Bridge, sold for $5.7 million on Sept. 7. The two-level penthouse includes more than 3,000 square feet of interior space with floor-to-ceiling windows, oak floors, Gaggeneau appliances, private elevator and air conditioning. There’s also more than 2,600 square feet of outdoor space, including a 1,200 square foot private rooftop terrace and three additional decks with ocean, mountain and city views. Other amenities in the luxury development include electric charging for three vehicles, a gym and yoga studio and “dog wash”.
Most inexpensive detached home
The most inexpensive detached home to sell in recent months on the North Shore is a three-bedroom, two-bathroom one-storey rancher at 1972 Garden Ave. off Capilano Road in North Vancouver. The 1200-square foot home built in 1973 sold for just under $1.47 million Sept. 4 after just a week on the market. Billed as a family “starter home,” the rancher comes with a cozy back yard in the “sought-after” catchment area for Capilano Elementary IB school. Skylights, new double-pane windows, new floors and hot water tank complete the package, along with a detached garage. Most recently assessed at $1.2 million, the home last sold in March 2021 for $1.18 million.
Most inexpensive townhouse
The most inexpensive townhouse to sell on the North Shore in August and September was Unit 9 at 220 East 4th St., at the 43-year-old Custer Court building in North Vancouver’s Lower Lonsdale. The one-storey, 784-square-foot corner unit sold for $615,000 on Aug. 21 after five days on the market. Featuring an open kitchen, natural gas fireplace, large dining and living area and a covered south-facing deck, the apartment is a walk to the Quay, the Shipyards District and the SeaBus. It was most recently assessed at $582,000.
Most inexpensive apartment
The most inexpensive apartment to sell in North Vancouver was unit 214 – 155 East 5th St. in North Vancouver’s Winchester Estates building in Lower Lonsdale. The one-bedroom, one-bathroom apartment sold Aug. 2 for $380,000 after only nine days on the market. This sale was a little out of the ordinary as buying the 700-square-foot apartment meant buying shares in an adult-only 55-year-old co-op building.
