I have sold a property at 202 1688 8TH AVE E in Vancouver.
What an amazing architecturally designed building right in the heart of the Drive, just a few footsteps away from the Skytrain, cafes, shops, schools and community centres. Even though you don't need a car in this convenient location, this2 bedroom suite comes with 1 parking and 1 storage locker. Walk into an open concept floor plan with a modern kitchen leading into the dining and living room. Unit has a gas F/P, walk-in storage/laundry rm and a good size balcony where you are allowed to barbecue. This one owner property was completely rainscreened in 2002 and has a townhouse feel with an O/D centre courtyard leading you to your door. Pets are allowed and some rentals too. Easy to show.
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I have listed a new property at .
Panoramic Lake View Lot in Prestgious Upper Mission (Kelowna). At .24 acres this lot offers an opportunity to build the dream home you desire. Suiteable for walk out basement with up to two stories.
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I have sold a property at 1995 WHYTE AV in Vancouver.
Rarely available RT9 zoned lot in KITS POINT! Just one block from Kits beach, build your own single family home or a legal duplex with lane access.Steps away from: Vanier Park, tennis courts, Granville Island, Cornwall restaurants and cafesall on a tree lined quiet street in one of the most desirable neighbourhoods in Vancouver.
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I have sold a property at 3691 W 38TH AV in Vancouver.
Dunbar Character home on flat, 138 foot deep lot. Move right into this inviting home with an extra large back yard and oversized 2 car garage. A large, updated kitchen has an eating nook that opens onto a sundeck overlooking the yard. The main floor features a living room, large den or formal dining room, spare bedroom and bathroom. Upstairs is a master bedroom, bathroom, reading nook and extra room that could be used as nursery or study. At garden level, is a one bed suite plus shared laundry & storage. Many renovations have been completed over the last 10 years including the garage, master bed addition, kitchen and bathrooms. Enjoy great schools, parks, and amenities'. Road work at Dunbar & 38th, access home via Highbury.
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Are you seeing a lot of FOR SALE signs these days?  They are popping up all over as the Vancouver Real Estate market is currently in a Buyer’s Market.  What does this mean for you?  If you are buying for the 1st time, then this is the best time for you as you have a great selection to choose from and you can take your time to select.

If you are selling with the purpose to buy another property, then you are also alright as you may be selling a little lower, but you will also buy a little lower.  It’s all relative when you remain in the market.  As a Seller, the important thing to remember, during this type of market, is to price your property extremely accurately.  Properties that are priced slightly above market value are sitting without any prospects for a long time.  Remember, the longer your property sits on the market, the more inclined Buyers are to place low ball offers, which will not benefit you at all.                                               

 

The sales-to-active ratio at this time is 15%, up one percent from last month which was 14%.  Analysts say that generally a Buyer’s Market takes place when the ratio dips to 12-14%.  So there is a slight improvement this month.  Interest rates continue to be low so this is also a great incentive for buyers.

 

There are currently 15,377 active listings in Greater Vancouver.  Last month there were 16,085. 4,374 of those listings are new listings, which is an 18.3% increase compared to October 2010.  Quite a difference!!                                                              

 

Please view the current benchmark prices for your area and your type of property, below.  Benchmark pricing is based on the following:

 

-Detached house– 6970sf lot, 2,387sf house, 1 covered parking, 1 fireplace, 20 year old

-Attached (Duplex/Townhouse) - 1,569sf, 1 parking, 10 years old

-Apartment—902sf, 2 bedroom, 1 bath, 1 parking, 10 years old

 

Have a great November!

 

COURTESY OF THE REAL ESTATE BOARD OF GREATER VANCOUVER

 

 

BENCHMARK PRICES FOR OCTOBER 2011

 

 BURNABYNEW WEST.NORTH VAN.RICHMONDVAN. EASTVAN. WESTWEST VAN.
Detached $897,477 $567,760 $952,809 $1,075,000 $856,000 $2,009,000 $1,694,000
Attached $500,075 n/a $659,978 $548,000 $555,000 $857,000 n/a
Apartment $368,591 $304,780 $384,000 $358,000 $335,000 $517,000 $682,000
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