18 months in Lower Lonsdale
Welcome to the often schizophrenic Lower Lonsdale real estate market. Today we have a look at the Q building at 124 West 1st. A very popular 75 unit building built in 2001 that has seen one of the greatest price fluctuations in North Vancouver.
April 11th 2008 #501, a 610 SqFt North-East facing 1 bedroom sold for $346,000 after only 11 days on the market. Fast forward to December 17th 2008 (the bottom of the Real Estate Market) #701, essentially the same unit two floors higher, sold for $292,900...8 months and $54,000. Jump ahead to present day, October 17th 2009, #1001, again virtually the same unit on the 10th floor sold for $357,500.
The million dollar question: What will happen at the Q in another 18 months?
Please note: I was not involved in these sales; this blog post is for informational purposes only. All information, while deemed to be correct is not guaranteed.