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Please visit our Open House at 4931 MACKENZIE ST in Vancouver.
Open House on Saturday, August 11, 2018 2:30PM - 4:00PM
This luxurious, modern row home is nestled among the beautiful tree-lined streets of Mackenzie Heights. A stand-out in the exclusive boutique collection of green gold built residences by Pantheon Development. Exquisite interior finishings include: Italian Custom Cabinetry by Inform Interiors, wide plank engineered walnut flooring, wool carpeting, Chroma quartz counters, over-height ceilings and wood-blind windows coverings, not to mention high end appliances such as Wolf and Blomberg. Designer floorplan has 3 bedrooms, 3 bathrooms, a custom office, family room & 2 car private garage (w/custom storage) & direct access to the suite. Welcome to a dream lifestyle amidst charming shops, cafes, transit & close to UBC & the best private schools in the city. OPEN HOUSE Saturday, Aug 11th 2:30-4pm
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Increase in Supply and Decrease in Demand...

July’s residential housing sales in Metro Vancouver reached their lowest levels for that month since the year 2000.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,070 in July 2018, a 30.1 per cent decrease from the 2,960 sales recorded in July 2017, and a decrease of 14.6 per cent compared to June 2018 when 2,425 homes sold.


Last month’s sales were 29.3 per cent below the 10-year July sales average.


“With fewer buyers active in today’s market, we’re seeing less upward pressure on home prices across the region,” Phil Moore, REBGV president said. “This is most pronounced in the detached home market, but demand in the townhome and apartment markets is also relenting from the more frenetic pace experienced over the last few years.”


There were 4,770 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2018. This represents a 9.2 per cent decrease compared to the 5,256 homes listed in July 2017 and a 9.6 per cent decrease compared to June 2018 when 5,279 homes were listed.


The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,137, a 32 per cent increase compared to July 2017 (9,194) and a 1.6 per cent increase compared to June 2018 (11,947).


“Summer is traditionally a quieter time of year in real estate. This is particularly true this year,” Moore said. “With increased mortgage rates and stricter lending requirements, buyers and sellers are opting to take a wait-and-see approach for the time being.”


For all property types, the sales-to-active listings ratio for July 2018 is 17.1 per cent. By property type, the ratio is 9.9 per cent for detached homes, 20.2 per cent for townhomes, and 27.3 per cent for condominiums.


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.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,087,500. This represents a 6.7 per cent increase over July 2017 and a 0.6 per cent decrease compared to June 2018.


Sales of detached properties in July 2018 reached 637, a decrease of 32.9 per cent from the 949 detached sales recorded in July 2017. The benchmark price for detached properties is $1,588,400. This represents a 1.5 per cent decrease from July 2017 and a 0.6 per cent decrease compared to June 2018.


Sales of apartment properties reached 1,079 in July 2018, a decrease of 26.5 per cent compared to the 1,468 sales in July 2017. The benchmark price of an apartment property is $700,500. This represents a 13.6 per cent increase from July 2017 and a 0.5 per cent decrease compared to June 2018.


Attached property sales in July 2018 totalled 354, a decrease of 34.8 per cent compared to the 543 sales in July 2017. The benchmark price of an attached unit is $856,000. This represents a 12.1 per cent increase from July 2017 and a 0.4 per cent decrease compared to June 2018.


Courtesy of the Real Estate Board of Greater Vancouver.

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Please visit our Open House at 4931 MACKENZIE ST in Vancouver.
Open House on Saturday, August 4, 2018 2:30PM - 4:00PM
This luxurious, modern row home is nestled among the beautiful tree-lined streets of Mackenzie Heights. A stand-out in the exclusive boutique collection of green gold built residences by Pantheon Development. Exquisite interior finishings include: Italian Custom Cabinetry by Inform Interiors, wide plank engineered walnut flooring, wool carpeting, Chroma quartz counters, over-height ceilings and wood-blind windows coverings, not to mention high end appliances such as Wolf and Blomberg. Designer floorplan has 3 bedrooms, 3 bathrooms, a custom office, family room & 2 car private garage (w/custom storage) & direct access to the suite. Welcome to a dream lifestyle amidst charming shops, cafes, transit & close to UBC & the best private schools in the city.OPEN HOUSE Saturday, Aug 4th 2:30-4:00pm
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Ana Domingos

Cell: 604-328-6330

Office: 604-629-6100

TRG-The Residential Group Realty

#101 - 1965 West 4th Avenue

Vancouver,BC

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