RSS

We have just listed a new property at 1502 6759 WILLINGDON AVE in Burnaby.
Immaculate Penthouse Condo at The Balmoral. Incredible North, West and East City & Mountain Views! This bright one bedroom suite has an excellent floor plan. Spacious living room, plenty of windows, huge balcony and functional galley style kitchen. Bright and airy. Includes indoor pool and sauna, bike room & shared laundry. Also offers a large storage locker & secure underground parking. Outstanding location on the edge of beautiful Central Park. Easy walk to skytrain, Metrotown, Library and more.
Read

We have just sold a property at 65 870 7TH AVE W in Vancouver.
Terrific City & Mountain Views! Cosy 1 bedroom townhome on 2 levels. Numerous updates including new flooring & new kitchen cabinets. Outstanding location, only steps to Chocolate Park, False Creek sea wall, Granville Island & recreation. Excellent shopping and transportation on Broadway and nearby Cambie Village features great shops & restaurants. Well maintained building with proactive strata. Storage and Secure parking. Pets welcome and rentals allowed. (Showing Tuesday Oct 4th 10-30 - 12:00, OPEN HOUSE SATURDAY OCT 8th 2 - 4).
Read

We have just sold a property at 1083 14TH AVE E in Vancouver.
Beautiful professionally renovated home on quiet family friendly street. Only a short walk to sought after Charles Dickens Elementary. Stunning new kitchen with large centre island and all new appliances opens on to awesome family room & covered deck. Main floor features spacious living & dining area, hardwood floors throughout, cozy fireplace, big bedroom & a full bath. Upstairs there are 3 more bedrooms, 2 bath including a huge spa like master ensuite & walk in closet. All this plus an excellent basement suite mortgage helper, fully fenced yard and single garage.
Read

Please visit our Open House at 65 870 7TH AVE W in Vancouver.
Open House on Saturday, October 8, 2016 2:00PM - 4:00PM
Terrific City & Mountain Views! Cosy 1 bedroom townhome on 2 levels. Numerous updates including new flooring & new kitchen cabinets. Outstanding location, only steps to Chocolate Park, False Creek sea wall, Granville Island & recreation. Excellent shopping and transportation on Broadway and nearby Cambie Village features great shops & restaurants. Well maintained building with proactive strata. Storage and Secure parking. Pets welcome and rentals allowed. (Showing Tuesday Oct 4th 10-30 - 12:00, OPEN HOUSE SATURDAY OCT 8th 2 - 4).
Read

Home buyers and sellers face changing market dynamics

Metro Vancouver* home sales dipped below the 10-year monthly sales average last month. This is the first time this has occurred in the region since May 2014.


Metro Vancouver home sales totalled 2,253 in September 2016, a decrease of 32.6 per cent from the 3,345 sales recorded in September 2015 and a decrease of 9.5 per cent compared to August 2016 when 2,489 homes sold.


Last month’s sales were 9.6 per cent below the 10-year sales average for the month.


“Supply and demand conditions differ today depending on property type,” Dan Morrison, REBGV president said. “We’re seeing more demand for condominiums and townhomes today than in the detached home market.”


New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,799 in September 2016. This represents a decrease of one per cent compared to the 4,846 units listed in September 2015 and an 11.8 per cent increase compared to August 2016 when 4,293 properties were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,354, a 13.4 per cent decline compared to September 2015 (10,805) and a 10 per cent increase compared to August 2016 (8,506).


The sales-to-active listings ratio for September 2016 is 24.1 per cent. This is the lowest this ratio has been since February 2015. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period.


Changing market conditions are easing upward pressure on home prices in our region,” Morrison said. “There’s uncertainty in the market at the moment and home buyers and sellers are having difficulty establishing price as a result. To help you understand the factors affecting prices, it’s important to talk with a REALTOR®.”


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $931,900. This represents a 28.9 per cent increase compared to September 2015 and a 0.1 per cent decline compared to August 2016.


Sales of detached properties in September 2016 reached 666, a decrease of 47.6 per cent from the 1,272 detached sales recorded in September 2015. The benchmark price for detached properties is $1,579,400. This represents a 33.7 per cent increase compared to September 2015 and a 0.1 per cent increase compared to August 2016.


Sales of apartment properties reached 1,218 in September 2016, a decrease of 20.3 per cent compared to the 1,529 sales in September 2015.The benchmark price of an apartment property is $511,800. This represents a 23.5 per cent increase compared to September 2015 and a 0.5 per cent decline compared to August 2016.


Attached property sales in September 2016 totalled 369, a decrease of 32.2 per cent compared to the 544 sales in

September 2015. The benchmark price of an attached unit is $677,000. This represents a 29.1 per cent increase compared to September 2015 and a 0.1 per cent decline compared to August 2016.


Source: Real Estate Board of Greater Vancouver
Read
Categories:   Brighouse, Richmond Real Estate | Broadmoor, Richmond Real Estate | Cambie Village, Vancouver Real Estate | Cambie, Vancouver West Real Estate | Coal Harbour, Vancouver West Real Estate | Collingwood VE, Vancouver East Real Estate | Downtown VW, Vancouver West Real Estate | Dunbar, Vancouver West Real Estate | Fairview VW, Vancouver West Real Estate | Fairview, Vancouver Real Estate | False Creek North, Vancouver West Real Estate | False Creek, Vancouver West Real Estate | Fraser VE, Vancouver East Real Estate | Fraserview VE, Vancouver East Real Estate | Grandview VE, Vancouver East Real Estate | Hastings East, Vancouver East Real Estate | Hastings, Vancouver East Real Estate | Highgate, Burnaby South Real Estate | Indian River, North Vancouver Real Estate | Kerrisdale, Vancouver West Real Estate | Kitsilano, Vancouver West Real Estate | Knight, Vancouver East Real Estate | Lower Lonsdale, North Vancouver Real Estate | Main, Vancouver East Real Estate | Marpole, Vancouver West Real Estate | Metrotown, Burnaby South Real Estate | Mount Pleasant VE, Vancouver East Real Estate | Mount Pleasant VW, Vancouver West Real Estate | Oakridge VW, Vancouver West Real Estate | Point Grey, Vancouver West Real Estate | Quay, New Westminster Real Estate | Renfrew VE, Vancouver East Real Estate | S.W. Marine, Vancouver West Real Estate | South Cambie, Vancouver West Real Estate | South Granville, Vancouver West Real Estate | South Marine, Vancouver East Real Estate | Steveston Village, Richmond Real Estate | University VW, Vancouver West Real Estate | Upper Lonsdale, North Vancouver Real Estate | Victoria VE, Vancouver East Real Estate | West End VW, Vancouver West Real Estate | Yaletown, Vancouver West Real Estate
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.