RSS

We just sold a property at 4184 INVERNESS ST in Vancouver

We have just sold a property at 4184 INVERNESS ST in Vancouver.
Located in sought after Cedar Cottage, this 6 bedroom home was taken to the studs & completely rebuilt! Imagine entertaining in your awe-inspiring chef's kitchen w/ vaulted ceilings, skylight, gas range, caesar-stone countertops, wine fridge & heated floors, or relaxing in your spacious living room. 2 large bedrooms plus a full bath on main. Upstairs features your huge master bedroom w/ luxurious spa-like ensuite w/ skylight, rain shower, heated-floors & double sinks, plus 2nd bedroom. Ground level 2 bed suite is an excellent mortgage helper. Beautiful French doors open onto your own private 2-tiered entertainment size cedar deck w/ gas hookup. Hardy board siding & cedar soffit lighting. Garage w/ lane access.
Read

We just sold a property at 2107 51ST AVE W in Vancouver

We have just sold a property at 2107 51ST AVE W in Vancouver.
Character home in prime Southlands location! Beautiful hardwood floors in living room & dining room plus large windows on all sides. Spacious home with 2 bedrooms on the main including a full bath plus 2 more bedrooms & full bath with a skylight upstairs! Basement suite offers 2 bedroom mortgage helper. Located on a beautiful 60 x 100 ft RS-5 corner lot! Hold, renovate or bring your builder. Easy access to transportation, excellent schools, Kerrisdale shopping & recreation (Kerrisdale community centre is only minutes away). Call for further details!
Read

Market Changes - 1st Quarter 2018 Stats

Fewer home sales and listings in the first quarter of 2018

Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 per cent decrease from the 3,579 sales recorded in March 2017, and a 14 per cent increase compared to February 2018 when 2,207 homes sold.

 

Last month’s sales were 23 per cent below the 10-year March sales average.

 

There were 6,542 home sales on the Multiple Listing Service® (MLS®) in Metro Vancouver during the first quarter of 2018, a 13.1 per cent decrease from the 7,527 sales over the same period last year. This represents the region’s lowest first-quarter sales total since 2013.

 

“We saw less demand from buyers and fewer homes listed for sale in our region in the first quarter of the year,” Phil Moore, REBGV president said. “High prices, new tax announcements, rising interest rates, and stricter mortgage requirements are among the factors affecting home buyer and seller activity today.”

 

There were 4,450 detached, attached and apartment properties newly listed for sale in Metro Vancouver in March 2018. This represents a 6.6 per cent decrease compared to the 4,762 homes listed in March 2017 and a 5.4 per cent increase compared to February 2018 when 4,223 homes were listed.

 

There were 12,469 homes listed for sale in Metro Vancouver during the first quarter of 2018, a 0.8 per cent decrease from the 12,568 sales over the same period last year. This represents the region’s lowest first-quarter new listings total since 2013.

 

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,380, a 10.5 per cent increase compared to March 2017 (7,586) and a 7.1 per cent increase compared to February 2018 (7,822).

 

“Even with lower demand, upward pressure on prices will continue as long as the supply of homes for sale remains low,” Moore said. “Last month was the quietest March for new home listings since 2009 and the total inventory, particularly in the condo and townhome segments, of homes for sale remains well below historical norms.”

 

For all property types, the sales-to-active listings ratio for March 2018 is 30 per cent. By property type, the ratio is 14.2 per cent for detached homes, 39.9 per cent for townhomes, and 61.6 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.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,084,000. This represents a 16.1 per cent increase over March 2017 and a 1.1 per cent increase compared to February 2018.

 

Sales of detached properties in March 2018 reached 722, a decrease of 37 per cent from the 1,150 detached sales recorded in March 2017. The benchmark price for detached properties is $1,608,500. This represents a 7.4 per cent increase from March 2017 and a 0.4 per cent increase compared to February 2018.

 

Sales of apartment properties reached 1,349 in March 2018, a decrease of 26.7 per cent compared to the 1,841 sales in March 2017. The benchmark price of an apartment property is $693,500. This represents a 26.2 per cent increase from March 2017 and a 1.6 per cent increase compared to February 2018.

 

Attached property sales in March 2018 totalled 446, a decrease of 24.1 per cent compared to the 588 sales in March 2017. The benchmark price of an attached unit is $835,300. This represents a 17.7 per cent increase from March 2017 and a two per cent increase compared to February 2018.

 

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.