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West Vancouver Apartments 2nd Quarter


Blog by Patrick O'Donnell PREC* | July 6th, 2012


The majority of apartments sold in West Vancouver are in Amelside and Dundarave. Although this year has seen a huge number of sales above the highway in places like Folkestone Way and the new project at the Highgrove.

In looking at the statistical data for Ambelside and Dundarave, there is a huge different between those apartments sold south of Marine drive and those above Marine Drive. For obvious reasons, being or across from the water on Bellevue or Argyle is the most desirable spot

The thing that still prevents so many people from purchasing an apartment in West Vancouver is the pet policy that is prevalent in most buildings. I have said this before, but it is worth repeating. Seriously people, you allow teenagers but will not allow a senior to keep their pet. It has been proven that a pet keeps you young, gives you a reason to get up in the morning and still loves you even though your hearing, eye site and teeth are disappearing! Many of my clients have made it quite clear, that if it comes to a choice between the dog and their husband.....well it won’t be the dog.   It always seems to be the wife that gives that analogy!

Please take a look at the stats below, if per change your area has not been mentioned and you would like further details, please do not hesitate to get in touch, I will be happy to sit down and have a chat about the options.

 

Sub Area

# of sales

2nd Qtr

Median Price

% change

$ per square foot


All Apartments Ambelside

 

20

 

2011

 

763,500

 

 

 

18

2012

479,450

37.2% decrease

 


All Apartments Dundarave

 

22

 

2011

 

788,500

 

 

 

12

2012

1,052,000

33.4% increase

 

 

 

 

 

 

 

 

 

 

 

 

 


Ambeside South of Marine Drive

 

2

 

2011

 

3,130,000

 

 

1,429.63

 

2

2012

2,292,500

29.6% decrease

1,301.02


Dundarave South of Marine

 

14

 

2011

 

955,000

 

 

972.00

 

8

2012

1,255,000

31.4% increase

971.00

 For more information on anything Real Estate related on the North Shore, please do not hesitate to give me a ring, you can be assured that nobody will work harder or more professionally on your behalf than I will.

Enjoy the weekend - Patrick O'Donnell