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New Listing 319 - 738 E 29th Avenue, Vancouver, BC


R2189968 - 319 - 738 E 29th Avenue, Vancouver, BC, CANADAView my new listing for sale at 319 - 738 E 29th Avenue, Vancouver and currently listed at $624,900.

Vibrant Fraser! Fantastic Ledingham McAllister Building. The Century Development - just seven years young, still with warranty! Huge one bedroom and den south facing suite with private, neighbourhood outlook. Enjoy morning coffee on your private deck or relax after a long day at work. Oversize master bedroom, home office, open kitchen with new back splash, quartz and stainless steel! Fantastic area with No Frills, Starbucks, and Shoppers Drug Mart just outside the lobby and transit and parks right outside your door. Perfect for first timers, downsizers and investors! OPEN HOUSE Saturday and Sunday, July 22nd, 23rd, 2-4pm.

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New Listing 4588 Pine Crescent, Vancouver, BC


R2188978 - 4588 Pine Crescent, Vancouver, BC, CANADAView my new listing for sale at 4588 Pine Crescent, Vancouver and currently listed at $8,680,000.

Located high up on peaceful, beautifully tree-lined Pine Crescent in prestigious Shaughnessy, this home was completely rebuilt in 1999 for the current owners and has been impeccably maintained. The main floor features an open floorplan w/ formal dining and living rooms and overlooks the bright & sunny back yard complete w/ large patio, jacuzzi, extensive landscaping, & detached three car garage. Three bedrooms & large studio on the top floor and rare main floor master bedroom w/large ensuite bathroom featuring a deep soaker tub & steam shower. Additional features include laundry on both the main & basement levels & large open basement with wet bar. Conveniently located w/in walking distance to Shaughnessy Elementary, York House, LFA, Prince of Wales Secondary, Arbutus Club, parks & shops.

Real Estate Board Statistics July 2017


Demand for condominiums continues to outstrip supply

The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales recorded in June 2016, an all-time record, and a decrease of 10.8 per cent compared to May 2017 when 4,364 homes sold.

Last month’s sales were 14.5 per cent above the 10-year June sales average.

“Two distinct markets have emerged this summer. The detached home market has seen demand ease back to more typical levels while competition for condominiums is creating multiple offer scenarios and putting upward pressure on prices for that property type,” Jill Oudil, REBGV president said.

There were 5,721 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2017. This represents a 2.6 per cent decrease compared to the 5,875 homes listed in June 2016 and a 5.3 per cent decrease compared to May 2017 when 6,044 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,515, a nine per cent increase compared to June 2016 (7,812) and a 4.2 per cent increase compared to May 2017 (8,168).

“Home buyers have more selection to choose from in the detached market today while condominium listings are near an all-time low on the MLS®,” Oudil said. “Detached home listings have increased every month this year, while the number of condominiums for sale has decreased each month since February.”

For all property types, the sales-to-active listings ratio for June 2017 is 45.7 per cent. By property type, the ratio is 24.5 per cent for detached homes, 62 per cent for townhomes, and 93.2 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.

“Market conditions will vary today depending on area and property type,” Oudil said. “It’s important to work with your local REALTOR® to help you understand the trends that are occurring in your community.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $998,700. This represents a 7.9 per cent increase over June 2016 and a 1.8 per cent increase compared to May 2017.

Sales of detached properties in June 2017 reached 1,320, a decrease of 15.5 per cent from the 1,562 detached sales recorded in June 2016. The benchmark price for detached properties is $1,587,900. This represents a 1.4 per cent increase from June 2016 and a 1.1 per cent increase compared to May 2017.

Sales of apartment properties reached 1,905 in June 2017, a decrease of 9.6 per cent compared to the 2,108 sales in June 2016. The benchmark price of an apartment property is $600,700. This represents a 17.6 per cent increase from June 2016 and a 2.9 per cent increase compared to May 2017.

Attached property sales in June 2017 totalled 668, a decrease of 8.5 per cent compared to the 730 sales in June 2016. The benchmark price of an attached unit is $745,700. This represents a 10.7 per cent increase from June 2016 and a 0.6 per cent increase compared to May 2017.

 



Recently Sold Listing 312 - 2020 W 8th Avenue, Vancouver, BC


R2179920 - 312 - 2020 W 8th Avenue, Vancouver, BC, CANADAI have just recently sold this listing at 312 - 2020 W 8th Avenue, Vancouver.

New Listing 2482 W 7th Avenue, Vancouver, BC


R2183283 - 2482 W 7th Avenue, Vancouver, BC, CANADAView my new listing for sale at 2482 W 7th Avenue, Vancouver and currently listed at $3,398,000.

Located on one of the most beautiful tree lined and centrally located streets in Kitsilano is this perfectly situated DUPLEX lot with a very livable two family home containing two suites. This is a perfect opportunity to purchase as a long-term investment or short-term holding property, collecting $3,600/month in fixed-term rent while you plan your new development and wait for permits. Located within the Kitsilano Secondary and General Gordon Elementary school catchments and just a short walk to Broadway Safeway and all of West 4th Avenue shopping, groceries, and restaurants.

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New Listing 1603 - 1008 Cambie Street, Vancouver, BC


R2182841 - 1603 - 1008 Cambie Street, Vancouver, BC, CANADAView my new listing for sale at 1603 - 1008 Cambie Street, Vancouver and currently listed at $599,000.

Great one bedroom with huge ceiling to floor windows with a city view Upgraded kitchen with granite counter tops, bathroom counter tops & roller blinds. Very functional open plan suite. In the heart of Yaletown providing an amazing life style with everything at your finger tips; seawall, restaurants, shops, Canada Line, sports venues and so close to downtown. This building boasts exceptional sport facilities with a very well equipped gym, squash court, indoor pool, sauna/steam room, hot tub along with great club house. Ample guest parking + 1 private parking stall. Open house Saturday 15th 2-4pm

Recently Sold Listing 904 - 4028 Knight Street, Vancouver, BC


R2177995 - 904 - 4028 Knight Street, Vancouver, BC, CANADAI have just recently sold this listing at 904 - 4028 Knight Street, Vancouver.

Recently Sold Listing 1419 W 53rd Avenue, Vancouver, BC


R2180680 - 1419 W 53rd Avenue, Vancouver, BC, CANADAI have just recently sold this listing at 1419 W 53rd Avenue, Vancouver.

Recently Sold Listing 817 - 250 E 6th Avenue, Vancouver, BC


R2176895 - 817 - 250 E 6th Avenue, Vancouver, BC, CANADAI have just recently sold this listing at 817 - 250 E 6th Avenue, Vancouver.

New Listing 2288 Redbud Lane, Vancouver, BC


R2181107 - 2288 Redbud Lane, Vancouver, BC, CANADAView my new listing for sale at 2288 Redbud Lane, Vancouver and currently listed at $1,450,000.

BRING YOUR HOUSE SIZE FURNITURE! This beautiful 1,445 sqft, 2 bedroom, 2.5 bath townhome has ample space. Main level has fantastic airy layout with width and lots of open space. Complimented with high ceilings, large open kitchen with lots of cupboards & breakfast bar, living room has French doors to patio, and large formal dining area. Main level also has 2pc powder room for guests. Upper level has extra large master bedroom, spacious 2nd bedroom, 2 full bathrooms as well as a flex room. Located in the beautiful MOZAIEK building in sought-after Arbutus Walk neighborhood. Parks, great schools & restaurants just steps away. Short stroll to Kits Beach and 4th Ave shopping plus quick access to downtown & UBC. Open house July 23, Sunday 2-4.