North Vancouver Presale Condominium and Townhome Report First Half 2017– Presented by Wallace Green Real Estate
With the first half of 2017 now in the books, the Wallace Green Real Estate team wanted to provide our clients with a recap of North Vancouver condominium & townhome activity from the start of January 2017 to the end of July 2017.
North Vancouver is a large geographical area with Capilano Road representing its border on the west and Deep Cove to the east. A large focus of new development in both the city and district is focused on already established core areas including Lonsdale, Edgemont, Marine Drive, and Lynn Valley as well emerging neighbourhoods including Moodyville, Lions Gate Village, Lynn Creek Town Centre, and Maplewood Villlage.
Over the first half we witnessed 9 developments introduced to the market. Of which 6 were woodframe condominium projects (Brooklynn Living, Crown + Mountain, The Five Points, Kindred - Building 2, Juniper & Taluswood at Timber Court), 1 was concrete (Final phase at Residences at Lynn Valley) and 2 were traditional townhome (Evolv & Eight on Third) in form. These developments included just over 450 homes for purchase with an approximately 10% of the released inventory remaining available for purchase which is entirely inclusive of either townhome or concrete condos as most wood frame developments were quickly absorbed. Needless to say demand has been overwhelming over all product categories particularly woodframe condos which offer a more a affordable price point. Demand exceedingly outweighed supply as many of these new developments could have sold out 2 or 3 times over especially lower priced 1 and 2 bedroom homes.
Now Selling
The following North Vancouver presale developments are currently actively selling and have inventory available for purchase.Connaught by Grosvernor- Edgemont Village
Centreview by Onni - Central Lonsdale
Cascade by Pinnacle - Lower Lonsdale
Compass at Seylynn Village by Denna Homes - Lynn Creek
Crown + Mountain by Mountain Creations - Lynn Creek
The Residences at Lynn Valley by Bosa - Lynn Valley
Taluswood at Timber Court by Polygon Homes - Lynn Valley
Eight on Third by InHaus - Moodyville
Evolv Living by Guildford Brook Estates - Moodyville
Most likely Coming 2017
Expect the following new developments to come to market in the second half of 2017 or early 2018Green On Queensbury by Qualex - Moodyville
The Morrison by Creo - Moodyville
The Trails Lower Lonsdale by Wall - Moodyville
Creston North Shore by Pennyfarthing - Marine Drive
725 Marine by Anthem Properties - Marine Drive
Cedar Reach by Maplewood Ltd - Maplewood
Park West by Pacific Gate Investments - Lions Gate Village
Edgemont Walk by Boffo Properties - Edgemont Village
Seymour Village Phase 3 by Aquilini - Ravenwoods
Crest by Adera - Central Lonsdale
*Please note data is deemed to reliable but may change as developments move through various stages of approvals process with City and District of North Vancouver
WHY WORK WITH THE WALLACE GREEN TEAM?
Interested in meeting to discuss current purchasing opportunities? Want an expert opinion on price thresholds, floorplan analysis, expand on upcoming new developments in the North Vancouver presale market with one of our team’s presale specialist? It doesn’t matter if you’re a first time home buyer, a downsizer or investor, we’re happy to sit down over a coffee and chat about the state of the North Vancouver market and discuss what we believe are the best opportunities coming to North Vancouver for each specific buyer type.Scott Wallace
New Home Sales Expert
scott@wallacegreen.ca
(604) 377-4551
Carson Green
New Home Sales Expert
carson@wallacegreen.ca
(604) 506-5364
*Please note data is deemed to reliable but may change as developments move through various stages of approvals process with City and District of North Vancouver or currently listed developer has sold their interest in the property and the new developer is still unknownInterested in meeting to discuss current purchasing opportunities, pricing thresholds, floorplans, expand on upcoming new developments in the North Vancouver presale market with one of our team’s presale specialist? Doesn’t matter if you’re a first time home buyer, a downsizer or investor, we’re happy to sit down over a coffee and chat about the state of the North Vancouver market and discuss what we believe are the best opportunities coming to North Vancouver for each specific buyer type.Scott Wallace
New Home Sales Expert
scott@wallacegreen.ca
(604) 377-4551
Carson Green
New Home Sales Expert
carson@wallacegreen.ca
(604) 506-5364