1.  Pricing is Paramount. Base you listing price on what has sold in the Pier in the past 60-90 days that is comparable to your condo (example: if you own a 952 square foot two bedroom price your condo accordingly to recently sold 952 square foot 2 bedroom condos). A lot of people bought in the Pier expecting to make 20, 50 or even $100,000, unfortunately this is not happening.

2.  Marketing Patters. Great photos, online video, a huge web presence and an International reach...you don't have to settle for less. 

Sales: o
Expired Listings: 6
Current Active Listings: 35 (including Pinnacal Residences at the Pier)
View all Pier Condos for sale here

Sales Details

Average Sale Price Per Square Foot: $N/A
Average Days on Market: N/A

Sales by Building:

Premier; 138 East Esplanade: 0
Esplanade West; 168 East Esplanade: 0
The Esplanade; 188 East Esplanade: 0
Pinnacle Residences at the Pier; 133 East Esplanade: 0
landing at the Pier; 100 East Esplanade:

The above information, while deemed to be correct is not guaranteed

Average Sale Price Per Square Foot: $777
Average Days on Market: 55

Sales by Building:

Premier; 138 East Esplanade: 0
Esplanade West; 168 East Esplanade: 0
The Esplanade; 188 East Esplanade: 1
Pinnacle Residences at the Pier; 133 East Esplanade: 1

The above information, while deemed to be correct is not guaranteed

Average Sale Price Per Square Foot: $622
Average Days on Market: 81

Sales by Building:

Premier; 138 East Esplanade: 1
Esplanade West; 168 East Esplanade: 0
The Esplanade; 188 East Esplanade: 3
landing at the Pier; 100 East Esplanade: 0
Pinnacle Residences at the Pier; 133 East Esplanade: 0

The above information, while deemed to be correct is not guaranteed

Average Sale Price Per Square Foot: $691
Average Days on Market: 59

Sales by Building:

Premier; 138 East Esplanade: 0
Esplanade West; 168 East Esplanade: 3
The Esplanade; 188 East Esplanade: 5
Pinnacle Residences at the Pier: 1

The above information, while deemed to be correct is not guaranteed

Sales Details

Average Sale Price Per Square Foot: $591
Average Days on Market: 62

Sales by Building:

Premier; 138 East Esplanade: 0
Esplanade West; 168 East Esplanade: 3
The Esplanade; 188 East Esplanade: 1
Pinnacle Residences at the Pier: 0

The above information, while deemed to be correct is not guaranteed

TH13 188 East Esplanade
Offered @ $714,900

Executive terrace level (3rd floor) townhouse at the Pier! This 3 bedroom 2.5 bathroom home offers 1370 Square Feet of functional living space and is one of only five homes with a private garage. The open kitchen offers ample work and storage space. The South facing living room has been upgraded with hardwood floors, enjoys Downtown and Water views and not only opens up to an extra large private patio but also a shared (by only 5 neighbours) common garden.

You are minutes away from the Seabus, and all the boutique restaurants and shops Lower Lonsdale has to offer. This unique home truly embraces the North Shore lifestyle and luxury the Pier has come to symbolize in our community.

Don't miss this opportunity to own one of the most exclusive homes in the Pier.

Open House Sunday March 7th 2010 1-4pm

#503-188 East Esplanade
Offered @ $725,000

Totally custom 2 bed+den, 2 full bath view suite a the Pier. This nearly 1200SqFt one of a kind condo has been almost completely renovated including beautiful travertine floors in the living & dining room, hardwood in the bedrooms, new bathrooms, updated kitchen, 7 zone speaker system, new casings, baseboards and the list goes on....nearly $40K in updates! Enjoy the City and Water views from your 600 SQFt PRIVATE PATIO, perfect for entertaining. You are minutes away from the Seabus, and all the boutique restaurants and shops Lower Lonsdale has to offer This unique home truly embraces the North Shore lifestyle and luxury the Pier has come to symbolize in our community.

Open House Sunday March 7th 2010 1-4pm

Sales Details

Average Sale Price Per Square Foot: $696
Average Days on Market: 68

Sales by Building:

Premier; 138 East Esplanade: 2
Esplanade West; 168 East Esplanade: 0
The Esplanade; 188 East Esplanade: 0

The above information, while deemed to be correct is not guaranteed

What does this mean for your condo at the Pier?

The Good News: With the completion of the Pinnacle Residences at the Pier there is a buzz again in Lower Lonsdale. With prices substantially higher across the street you have a chance to capitalize on this new buzz and get added exposure for your condo.

The Not So Good News: The Pinnacle Residences at the Pier have raised the bar for luxury and views in Lower Lonsdale. Your condo at the Pier will be compared foot for foot and dollar for dollar to these new luxury condos.

Bottom Line: As the competition increases and the face of the Lower Lonsdale Buyer changes it is increasingly important for your home at the Pier to be marketed not only Locally but Nationally and Internationally  If it is time to sell your condo at the Pier trust the team at PierCondos.com and the Lonsdale-Condo network to maximize the exposure your condo receives.

Sales Details

Average Sale Price Per Square Foot: $626
Average Days on Market: 59

Sales by Building:

Premier; 138 East Esplanade: 1
Esplanade West; 168 East Esplanade: 1
The Esplanade; 188 East Esplanade: 2

The above information, while deemed to be correct is not garneted

Without the Provincial financial contribution to the tri-government partnership, the National Maritime Centre will not move forward as originally envisioned. Funding for the project was structured as a 3-way partnership of local, provincial and federal government resources as well as private sector funding. The Federal government had made an unofficial partial commitment to the initiative subject to a matching commitment from the Province.

The City will spend the next few weeks reviewing options and determining next steps.

Related Links:
The City of North Vancouver Considers Next Steps for National Maritime Centre Project
Letter from Finance Minster Krueger re: Funding for National Maritime Centre Project

Sales Details

Average Sale Price Per Square Foot: $654
Average Days on Market: 70

Sales by Building:

Premier; 138 East Esplanade: 3
Esplanade West; 168 East Esplanade: 0
The Esplanade; 188 East Esplanade: 0

The above information, while deemed to be correct is not garneted

Sales Details

Average Sale Price Per Square Foot: $575
Average Days on Market: 153

Sales by Building:

Premier; 138 East Esplanade: 0
Esplanade West; 168 East Esplanade: 1
The Esplanade; 188 East Esplanade: 4 

The above information, while deemed to be correct is not garneted

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,559 in September 2009, an increase of 3.4 per cent from the 3,441 sales recorded in August 2009, and an increase of 124.5 per cent compared to September 2008 when 1,585 sales were recorded.

“As homes sales in Greater Vancouver continued at an elevated pace in September it’s encouraging to see that more homes were listed on the MLS® in the month than any other so far this year,” Scott Russell, REBGV president said.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,764 in September 2009. This represents a 6.2 per cent decline compared to September 2008 when 6,142 new units were listed, but a 26.8 per cent increase compared to August 2009 when 4,544 properties were listed on the Multiple Listing Service® (MLS®) in Greater Vancouver.

At 12,596, the total number of property listings on the MLS® increased 5.5 per cent in September compared to last month and declined 36 per cent from the 19,852 homes listed for sale during the buyer’s market that was experienced at this time last year.

“During this period of renewed demand in our marketplace, home values have gradually recovered from the declines that occurred in 2008,” said Russell.

Since the beginning of the year, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 13 per cent to $547,092 from $484,211, while home prices compared to Septembers 2008 levels are up 1.6 per cent.

Sales of detached properties increased 160.6 per cent to 1,423 from the 546 detached sales recorded during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 2.1 per cent from September 2008 to $741,632.

Sales of apartment properties in September 2009 increased 94.9 per cent to 1,489, compared to 764 sales in September 2008. The benchmark price of an apartment property increased 1.5 per cent from September 2008 to $374,686.
Attached property sales in September 2009 are up 135.3 per cent to 647, compared with the 275 sales in September 2008. The benchmark price of an attached unit increased 0.4 per cent between Septembers 2008 and 2009 to $466,276.

Click here for the complete Stats Package

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