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I have listed a new property at 1196 JEFFERSON AVE in West Vancouver.
Welcome to this beautiful and elegant home- with a view! Prime corner property on one of West Vancouver's most desirable streets, this house is perfect to either live in or build. Build up to 3800 square feet with view potential from both the main and top floor. This 2 level bungalow was renovated in 2008 and has been lovingly maintained. Enjoy the stunning Southern views of the water, city, Stanley park and the Lions Gate Bridge on your large deck. Close to great schools, Park Royal and a quick commute to downtown. Don't miss out on this great opportunity to own in one of West Vancouver's most desirable neighbourhoods! Call now for your private showing.
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I have listed a new property at 3504 4TH AVE W in Vancouver.
Attention investors or developers. All 13 strata units are available in this strata complex. The building includes 8 one bedroom, 4 bachelor and one ground floor commercial strata unit. Superb corner location across from McBride Park and IGA Marketplace. This holding property has great cash flow. Lot size is 66x113ft. Zoning is C2. Please call for more information or visit our website.
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I have listed a new property at 3615 4TH AVE W in Vancouver.
Great opportunity to move in to this turnkey 1310 SF street level premises. The space is air conditioned & has been completely renovated (new tile, new carpet, new kitchen, new paint). Perfect space for office, healthcare, school, medical or retail. Long lease available with no demolition clause. Two underground parking stalls included in the rent.
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Market activity picks up in May.

 

"Demand for condominiums and townhomes is driving today’s activity," Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president said. “First-time buyers and people looking to downsize from their single-family homes are both competing for these two types of housing.”

 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,168, a 5.7 per cent increase compared to May 2016 (7,726) and a 4.5 per cent increase compared to April 2017 (7,813).

"Home buyers are beginning to have more selection to choose from in the detached market, but the number of condominiums for sale continues to decline," Oudil said.

 

The sales-to-active listings ratio across all residential categories is 53.4 per cent. By property type, the ratio is 31 per cent for detached homes, 76.1 per cent for townhomes, and 94.6 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.

 

“While sales are inching closer to the record-breaking pace of 2016, the market itself looks different. Sales last year were driven by demand for single-family homes. This year, it's clear that townhomes and condominiums are leading the way,” said Oudil. “It’s important to work with your local REALTOR® to understand the different factors affecting the market today.”

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $967,500. This represents an 8.8 per cent increase over May 2016 and a 2.8 per cent increase compared to April 2017.

 

Sales of detached properties in May 2017 reached 1,548, a decrease of 17 per cent from the 1,865 detached sales recorded in May 2016. The benchmark price for a detached property is $1,561,000. This represents a 3.1 per cent increase over May 2016 and a 2.9 per cent increase compared to April 2017.

 

Sales of apartment properties reached 2,025 in May 2017, a decrease of 5.8 per cent compared to the 2,150 sales in May 2016.The benchmark price for an apartment property is $571,300. This represents a 17.8 per cent increase over May 2016 and a 3.1 per cent increase compared to April 2017.

 

Attached property sales in May 2017 totalled 791, an increase of 4.9 per cent compared to the 754 sales in May 2016. The benchmark price for an attached property is $715,400. This represents a 13.1 per cent increase over May 2016 and a 1.9 per cent increase compared to April 2017.

 

courtesy of the Real Estate Board of Greater Vancouver

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I have sold a property at 3823 FRASER ST in Vancouver.
Land Assembly. Please call for more information.
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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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