Please visit our Open House at 3031 20TH AVE E in Vancouver.
Open House on Saturday, March 25, 2017 2:30PM - 4:00PM
Come and see this great, solid, well cared for house, first time on the market since 1968. Excellent location close to Nootka Elementary and Windermere High School and half a block to Renfrew Community Centre. Total living space includes 2,185 sq ft, 3 parking spaces behind, one of which is covered. A great, low maintenance back yard with potential space for RV trailer as well. Such a nice, quiet neighbourhood for you to enjoy. OPEN: Saturday, March 25th 2:30-4:00pm. Welcome!
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Please visit our Open House at 3031 20TH AVE E in Vancouver.
Open House on Saturday, March 18, 2017 2:30PM - 4:00PM
Come and see this great, solid, well cared for house, first time on the market since 1968. Excellent location close to Nootka Elementary and Windermere High School and half a block to Renfrew Community Centre. Total living space includes 2,185 sq ft, 3 parking spaces behind, one of which is covered. A great, low maintenance back yard with potential space for RV trailer as well. Such a nice, quiet neighbourhood for you to enjoy. OPEN HOUSE: Saturday, March 18th 2:30-4pm. See you there!
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I have listed a new property at 5606 VICTORIA DR in Vancouver.
Excellent opportunity to own a prime CORNER property along vibrant Victoria Drive. The property is located on the corner of East 40th and Victoria Drive directly across the street from the LONDON DRUGS development and in the heart of a strong commercial corridor. This is a 2 storey building consisting of 2,068 sf of main floor space which is currently occupied by insurance and notary businesses with 1,402 sf of second floor office space which is occupied by 3 separate tenants. There is room for 6 parking stalls at the rear of the property. This is a superb holding property with excellent future development potential. Please contact listing agents for more information.
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I have listed a new property at 5606 VICTORIA DR in Vancouver.
Excellent opportunity to own a prime CORNER property along vibrant Victoria Drive. The property is located on the corner of East 40th and Victoria Drive directly across the street from the LONDON DRUGS development and in the heart of a strong commercial corridor. This is a 2 storey building consisting of 2,068 sf of main floor space which is currently occupied by insurance and notary businesses with 1,402 sf of second floor office space which is occupied by 3 separate tenants. There is room for 6 parking stalls at the rear of the property. This is a superb holding property with excellent future development potential. Please contact listing agents for more information.
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Please visit our Open House at 3031 20TH AVE E in Vancouver.
Open House on Sunday, March 12, 2017 2:30PM - 4:00PM
Come and see this great, solid, well cared for house, first time on the market since 1968. Excellent location close to Nootka Elementary and Windermere High School and half a block to Renfrew Community Centre. Total living space includes 2,185 sq ft, 3 parking spaces behind, one of which is covered. A great, low maintenance back yard with potential space for RV trailer as well. Such a nice, quiet neighbourhood for you to enjoy. OPEN HOUSE: Sunday, March 12th 2:30-4pm. See you there!
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SHORTAGE OF HOUSING CONTINUES...

 

 

Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market.

 

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold. Last month’s sales were 7.7 per cent below the 10-year February sales average.

 

“February home sales were well below the record-breaking activity from one year ago and in line with our long-term historical average for the month,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said.

 

“Limited supply and snowy weather were two factors hampering this activity.”

 

New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,666 in February 2017. This represents a 36.9 per cent decrease compared to the 5,812 units listed in February 2016 and an 11.4 per cent decrease compared to January 2017 when 4,140 properties were listed. This is the lowest number of new listings registered in February since 2003.

 

The total number of properties currently listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver is 7,594, a four per cent increase compared to February 2016 (7,299) and a 4.9 per cent increase compared to January 2017 (7,238).

 

The region’s sales-to-active listings ratio for February 2017 is 31.9 per cent, a 10-point increase from January.

 

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

 

“While home sales are not happening at the pace we experienced last year, home seller supply is still struggling to keep up with today’s demand. This is why we’ve seen little downward pressure on home prices, particularly in the condominium and townhome markets,” Morrison said.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $906,700. This represents a 2.8 per cent decrease over the past six months and a 1.2 per cent increase compared to January 2017. Sales of detached properties in February 2017 reached 745, a decrease of 58.1 per cent from the 1,778 detached sales recorded in February 2016.

 

The benchmark price for detached properties is $1,474,200. This represents a 6.5 per cent decrease over the past six months and is unchanged compared to January 2017. Sales of apartment properties reached 1,275 in February 2017, a decrease of 28.8 per cent compared to the 1,790 sales in February 2016.

 

The benchmark price of an apartment property is $526,300. This represents a 2.3 per cent increase over the past six months and a 2.7 per cent increase compared to January 2017. Attached property sales in February 2017 totalled 404, a decrease of 33.1 per cent compared to the 604 sales in February 2016.

 

The benchmark price of an attached unit is $675,500. This represents a 0.3 per cent decrease over the past six months and a 1.3 per cent increase compared to January 2017.

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Please visit our Open House at 3031 20TH AVE E in Vancouver.
Open House on Saturday, March 4, 2017 2:30PM - 4:00PM
Come and see this great, solid, well cared for house, first time on the market since 1968. Excellent location close to Nootka Elementary and Windermere High School and half a block to Renfrew Community Centre. Total living space includes 2,185 sq ft, 3 parking spaces behind, one of which is covered. A great, low maintenance back yard with potential space for RV trailer as well. Such a nice, quiet neighbourhood for you to enjoy. OPEN HOUSE: Saturday March 4th 2:30-4pm. See you there!
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