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Please visit our Open House at 183 43RD AVE E in Vancouver.
Open House on Sunday, February 24, 2013 2:00 pm - 4:00 pm
Side by side legal duplex with RT-2 zoning in popular Main Street area, close to transportation, schools and shopping. Property has had recent updates on both sides and shows well. A great investment property where you will have no troublefinding tenants in this desirable area. If being a landlord is not your thing, build your dream home on this great corner lot or live on one side and rent the other. There are many options here! On each side, you will find 2 good size bedrooms, bathroom and unfinished area in 7' high unfinished basement which has potential for additional rooms. Easy to show, don't hesitate.
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I have listed a new property at 6869 NANAIMO ST in Vancouver.
This gem is the first time on the market since 1975. Don't be fooled by the address as this is the quiet side of Nanaimo Street. Lovingly maintained 3 bedroom family home on a beautiful level street in popular Killarney. Originally a 2bedroom bungalow, this property was extended to include a private, large master bedroom upstairs and a spacious 19'7 x 11'10 family room. Low maintenance backyard with a driveway that can fit 2 cars, tandem style plus a private one car garage. Great area to raise a family as both elementary and secondary schools are walking distance, not to mention shops and amenities. Easy to show.
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Please visit our Open House at 183 43RD AVE E in Vancouver.
OPEN HOUSE: Saturday and Sunday Feb 23-24th 2-4pm
Side by side legal duplex with RT-2 zoning in popular Main Street area, close to transportation, schools and shopping. Property has had recent updates on both sides and shows well. A great investment property where you will have no troublefinding tenants in this desirable area. If being a landlord is not your thing, build your dream home on this great corner lot or live on one side and rent the other. There are many options here! On each side, you will find 2 good size bedrooms, bathroom and unfinished area in 7' high unfinished basement which has potential for additional rooms. Easy to show, don't hesitate.
Read Full Story
I have listed a new property at 183 43RD AVE E in Vancouver.
Side by side legal duplex with RT-2 zoning in popular Main Street area, close to transportation, schools and shopping. Property has had recent updates on both sides and shows well. A great investment property where you will have no troublefinding tenants in this desirable area. If being a landlord is not your thing, build your dream home on this great corner lot or live on one side and rent the other. There are many options here! On each side, you will find 2 good size bedrooms, bathroom and unfinished area in 7' high unfinished basement which has potential for additional rooms. Easy to show, don't hesitate.
Read Full Story

January home sales remain quiet

Home buyer demand remains below historical averages in the Greater Vancouver housing market. This has led some home sellers to remove their homes from the market in recent months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,351 on the Multiple Listing Service® (MLS®) in January 2013. This represents a 14.3 per cent decrease compared to the 1,577 sales recorded in January 2012, and an 18.3 per cent increase compared to the 1,142 sales in December 2012.
Last month’s sales were the second lowest January total in the region since 2001 and 18.7 per cent below the 10-year sales average for the month.
“Home sale activity has been below historical averages in Greater Vancouver for about seven months. This has caused a gradual decline in home prices of about 6 per cent since reaching a peak last spring,” Klein said.
Since reaching a peak in May of $625,100, the MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver has declined 5.9 per cent to $588,100. This represents a 2.8 per cent decline compared to this time last year.
“It appears many home sellers are opting to remove their homes from the market rather than settle for a price they don’t want,” Eugen Klein, REBGV president said.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,128 in January. This represents a 10.9 per cent decline compared to the 5,756 new listings reported in January 2012. Last month’s new listing count was 18.9 per cent higher than the region’s 10-year new listing average for the month.
The total number of properties currently listed for sale on the Greater Vancouver MLS® is 13,246, a 5.6 per cent increase compared to January 2012 and a 4.5 per cent decline compared to December 2012. This is the fourth consecutive month that overall home listings have declined in the region.
“When a home seller isn’t receiving the kind of offers they want, there comes a point when they decide to either lower the price or remove the home from the market. Right now, it seems many home sellers are opting for the latter,” Klein said.
With the sales-to-active-listings ratio at 10.2 per cent, the region remains in buyers’ market territory. Since June, this ratio has ranged between 8 and 11 per cent.
Sales of detached properties in January 2013 reached 542, a decrease of 17.8 per cent from the 659 detached sales recorded in January 2012, and a 31.7 per cent decrease from the 793 units sold in January 2011. The benchmark price for detached properties decreased 3.1 per cent from January 2012 to $901,000. Since reaching a peak in May 2012, the benchmark price of a detached property has declined 6.9 per cent.\
Sales of apartment properties reached 576 in January 2013, a decline of 12.3 per cent compared to the 657 sales in January 2012, and a decrease of 19.2 per cent compared to the 713 sales in January 2011. The benchmark price of an apartment property decreased 2.9 per cent from January 2012 to $358,400. Since reaching a peak in May 2012, the benchmark price of an apartment property has declined 5.6 per cent.
Attached property sales in January 2013 totalled 233, a decline of 10.7 per cent compared to the 261 sales in January 2012, and a 25.6 per cent decrease from the 313 attached properties sold in January 2011. The benchmark price of an attached unit decreased 1.7 per cent between January 2012 and 2013 to $449,900. Since reaching a peak in April 2012, the benchmark price of an attached property has declined 7.7 per cent.
Overall, I'm finding the current market very active and even some multiple offers.  The interest rates continue to be low, and the Bank of Canada has announced no changes for this year at this time.  We also continue to have strong immigration, so the demand continues...


CURRENT MORTGAGE RATES:

Variable Rate: 2.65%
1 Year: 2.54%
2 Year: 2.49%
3 Year: 2.69%
5 Year: 2.94%
10 Year: 3.89%

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Please visit our Open House at 2402 717 JERVIS ST in Vancouver.
Open House on Sunday, February 10, 2013 2:00 pm - 4:00 pm
RARE! Completely renovated condo with 3 BEDROOMS, 2 bathrooms, a solarium and open balcony in the heart of the city with beautiful views of the water, mountains and city skyline. With 1,469 sq ft, renovated to the highest standard withpermits, you have ample room to raise your family or spread yourself out in a modern open plan layout. Bosch, Kohler, granite, solid wide plank bamboo flooring, crown mouldings, LG front loading washer/dryer in a walk-in laundry rm with basin, 2 parking stalls and separate storage locker are some of the great features of this unit. Pro-active strata has taken care of all required updates incl pipes. Spa-like amenities incl indoor pool, exercise room, sauna and hot tub. A joy to show.
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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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