I have sold a property at 706 535 SMITHE ST in Vancouver.
DOLCE at Symphony place by Solterra! This is a beautiful 1 bedroom with Flex Space & Solarium in the heart of Downtown! Gourmet European style kitchen featuring high end AEG, Liebherr, Jenn-Air & Sharp appliances, gas range, stainless steel farmhouse kitchen sink, in-suite laundry, hardwood flooring, flex room & an enclosed solarium perfect for an office or dining room! Amenities include: visitor parking, storage locker, bike room, gym, indoor hot tub, steam room, kids playroom, kids outdoor area & lounge. All in the heart of Vancouver's cultural, entertainment & shopping districts. Open house Sun Oct 2nd 2-4pm.
Read full post

I have sold a property at 1108 3980 CARRIGAN CRT in Burnaby.
View, view, views! Tastefully decorated SE corner unit in the very convenient location in Burnaby! This well laid out 2 bdrm + 1.5 bath unit boasts open living rm w/ patio door opens to the balcony overlooking tremendous views of Mt Baker, city & water. Functional kitchen, eating area w/ B/I cabinet, spacious MDRM w/ 2 pieces bath, separate bdrm perfect for roommate. Minutes away from skytrain, shopping mall, SFU. Excellent amenities are indoor pool, hot tub, gym, & ping pong table, party rm, racquetball rm, workshop & painting rm for handyman. Rentals allowed, no pets.
Read full post

I have sold a property at 1106 1777 7TH AVE W in Vancouver.
Penthouse at popular KITS360. Quiet inside SW corner unit offering spectacular view of water, mountain and city. Great floor plan. Spacious living room opens to large balcony. Stylish kitchen with Miele appliances including gas cooktop. 2 bedrooms, den plus flex space. Grand lobby with 24 hr. concierge. Wonderful amenities including 2 fitness centers, media room, courtyard with water feature, roof top terrace with garden and lounge, etc. Central location close to Downtown, shopping, restaurants and Granville Island. Scenic walk to Kits Pool and beach.
Read full post

I have sold a property at 1003 209 7TH AVE E in Vancouver.
Perched a top Mount Pleasant's steep rise, Ellsworth is a sophisticated take on Main Street's hip, urban vibe. This NW sub-penthouse is a 2 bed & den plus flex space boasting spectacular city & mountain views. The home is highly functional with a spacious great room, plenty of storage & an intuitive layout that nicely separates sleeping & living areas. The kitchen features integrated Fisher Paykel appliances, quartz countertops & pantries with built-in European drawers. Enviable amenities include a common rooftop terrace with open air kitchen, lounge, garden plots & fire pit for sunsets & starry nights. Ellsworth is the latest addition to Chard Developments portfolio of award winning homes.
Read full post

Demand for condos and townhomes- on the rise

 

Home buyer and seller activity remains near historical averages in the Metro Vancouver housing market.

Residential home sales in the region totalled 2,214 in November 2016, a decrease of 0.9 per cent from the 2,233 sales recorded in October 2016 and a decrease of 37.2 per cent compared to November 2015 when 3,524 homes sold.


Last month’s sales were 7.6 per cent below the 10-year sales average for the month.


“While 2016 has been anything but a normal year for the Metro Vancouver housing market, supply and demand totals have returned to more historically normal levels over the last few months,” said Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president. 


New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,147 in November 2016. This represents a decrease of 20.9 per cent compared to the 3,981 units listed in October 2016 and a 7.2 per cent decrease compared to November 2015 when 3,392 properties were listed.

 

Last month’s new listing count was 1.2 per cent below the region’s 10-year new listing average for the month.


The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,385, an 8.3 per cent decrease compared to October 2016 (9,143) and a 3.6 per cent increase compared to November 2015 (8,096).

The sales-to-active listings ratio for November 2016 is 26.4 per cent. This is up two per cent from last month (24.4 per cent). 


Downward pressure on home prices can occur when the ratio dips below the 12 per cent mark for a sustained period, while home prices can experience upward pressure when it surpasses 20 per cent over several months.


“Demand, relative to supply, for detached homes is lower right now than demand for townhomes and apartments,” Morrison said. “This is causing prices to remain stable, or flat, for townhomes and apartments, while detached homes are seeing modest month-over-moth declines.”


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $908,300. This represents a 1.2 per cent decrease compared to last month and a 20.5 per cent increase compared to November 2015.


Sales of detached properties in November 2016 reached 638, a decrease of 2.1 per cent from the 652 detached sales recorded in October 2016 and a 52.2 per cent decline over November 2015. The benchmark price for detached properties is $1,511,100. This represents a 2.2 per cent decline compared to last month and a 23 per cent increase compared to November 2015.


Sales of apartment properties reached 1,200 in November 2016, an increase of 1.9 per cent compared to the 1,178 sales in October 2016 and a 22.7 per cent decrease compared to November 2015.The benchmark price of an apartment property is $512,100. This is unchanged from last month and is an 18 per cent increase compared to November 2015.


Attached property sales in November 2016 totalled 376, a decrease of 6.7 per cent compared to the 403 sales in October 2016 and a 40.9 per cent decline compared to November 2015. The benchmark price of an attached unit is $667,100. This represents a 0.3 per cent decrease compared to last month and a 23 per cent increase compared to November 2015.

Read full post
Categories:   Ambleside, West Vancouver Real Estate | Arbutus, Vancouver West Real Estate | Bolivar Heights, North Surrey Real Estate | Bowen Island, Bowen Island Real Estate | British Properties, West Vancouver Real Estate | Burnaby Lake, Burnaby South Real Estate | Cambie, Vancouver West Real Estate | Central BN, Burnaby North Real Estate | Central Lonsdale, North Vancouver Real Estate | Coal Harbour, Vancouver West Real Estate | Downtown VW, Vancouver West Real Estate | Dunbar, Vancouver West Real Estate | Economic News | Fairview VW, Vancouver West Real Estate | False Creek, Vancouver West Real Estate | Forest Glen BS, Burnaby South Real Estate | Fraser VE, Vancouver East Real Estate | Fraserview VE, Vancouver East Real Estate | Government Road, Burnaby North Real Estate | Grandview VE, Vancouver East Real Estate | Hawthorne, Ladner Real Estate | January 2013 | January 2017 Update | June Report 2011 | Kerrisdale, Vancouver West Real Estate | Killarney VE, Vancouver East Real Estate | Kitsilano, Vancouver Real Estate | Kitsilano, Vancouver West | Kitsilano, Vancouver West Real Estate | Lions Bay Real Estate | Lions Bay, West Vancouver Real Estate | Lower Lonsdale, North Vancouver Real Estate | Lynn Valley, North Vancouver Real Estate | MacKenzie Heights, Vancouver West Real Estate | Main, Vancouver East Real Estate | Marpole, Vancouver West Real Estate | Mount Pleasant VE, Vancouver East Real Estate | Mount Pleasant VW, Vancouver West Real Estate | North Shore Pt Moody, Port Moody Real Estate | Oakridge VW, Vancouver West Real Estate | Oakridge, Vancouver West Real Estate | Oakridgr, Vancouver West Real Estate | Qualicum North Real Estate | Quilchena, Vancouver West Real Estate | Real Estate Stats for Vancouver from June 2011 | Real Estate Update for August 2011 | Real Estate Update for Vancouver October 2011 | Renfrew Heights, Vancouver East Real Estate | Renfrew VE, Vancouver East Real Estate | S.W. Marine, Vancouver West Real Estate | September 2011 Real Estate Update | Shaughnessy, Vancouver West Real Estate | South Vancouver, Vancouver East Real Estate | Southlands, Vancouver West Real Estate | Upper Lonsdale, North Vancouver Real Estate | Vancouver Real Estate | Vancouver West Real Estate | Victoria VE, Vancouver East Real Estate | West End VW, Vancouver West Real Estate | Yaletown, Vancouver West Real Estate
Blogs
Posts By Date
Categories