I have listed a new property at 3530 33RD AVE W in Vancouver.
Substantial Dunbar family home. A big 50x130 RS-5 lot with beautiful South facing backyard. Completely renovated with addition in 1978, this 6 bedroom, 3 bathroom home has lots of space for rental income while you prepare plans for your new house or renovation to update. Close to shopping, parks, the community center, St George's and Crofton Private Schools. Easy Access to UBC, Pacific Spirit Park, YVR airport and Transportation. YOU'LL LOVE IT!
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Please visit our Open House at 3530 33RD AVE W in Vancouver.
Open House on Sunday, October 29, 2017 2:00PM - 4:00PM
Substantial Dunbar family home. A big 50x130 RS-5 lot with beautiful South facing backyard. Completely renovated with addition in 1978, this 6 bedroom, 3 bathroom home has lots of space for rental income while you prepare plans for your new house or renovation to update. Close to shopping, parks, the community center, St George's and Crofton Private Schools. Easy Access to UBC, Pacific Spirit Park, YVR airport and Transportation. YOU'LL LOVE IT!
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I have sold a property at 2903 108 CORDOVA ST W in Vancouver.
Wake up in the clouds with PANORAMIC VIEWS of ocean, mountain and city! This one of a kind sub-penthouse is designed by renowned architect Gregory Henrique and built by Canada's leading luxury real estate developer, Westbank. Features include A/C, 4 piece spa bathroom, European appliances/ Eggersman cabinets, custom engineered hardwood floors, extra high ceilings, 24hr concierge, world-class amenities and 1 parking stall. Recent upgrades: Marble back-splash, quartz counter-tops, custom closets/mirrors and more. Don't miss out on a gorgeous and functional home that is an early investment opportunity in a rapidly developing neighbourhood. LOCATION LOCATION !! Rental income $35,000/year. Open House: Cancelled
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I have listed a new property at 3690 SELKIRK ST in Vancouver.
A GRAND FIRST SHAUGNESSY HOME. Great opportunity to own and renovate this precious Victorian styled architectural mansion in Vancouver's most exclusive and private area. On a huge lot, more than three quarters of an acre, this well maintained, Heritage "B" residence offers more than 7200 square feet of traditional and charming living space. Elegant millwork throughout. 6 bedrooms (easily converted to 8) 6 bathrooms and spacious principal rooms. A modern kitchen and deluxe laundry room updated a few years ago. There is an enormous fenced backyard for your exclusive entertainment - potential for swimming pool, tennis court, or your own private mini-golf. Renowned private schools: York House, Little Flower Academy and St George's nearby. Easy access to YVR, Downtown and South Granville shops.
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I have sold a property at 2918 13TH AVE W in Vancouver.
A wonderful family home on a beautiful tree-lined street in the heart of the community of Kitsilano. There is a large open plan kitchen for getting together. A Family room plus spacious living and dining gives lots of space to be comfortable. There are French doors off the kitchen that open onto the cedar deck overlooking the warm and sunny South backyard. Everybody gets their own room with four beds upstairs. There is a den on the main and a two bedroom suite down. Rich walnut hardwood floors, European mosaic tiles, granite counters and stainless appliances. Twelve foot ceilings up and nine foot ceiling on the main. Easy walk and bike to shopping, parks, schools and the community center. Two car garage. YOU'LL LOVE IT!
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VANCOUVER, BC – October 3, 2017 – Apartment and townhome activity is outpacing the detached home market across Metro Vancouver*. This activity helped push total residential sales above the historical average in September.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,821 in September 2017, a 25.2 percent increase from the 2,253 sales recorded in September 2016, and a 7.3 percent decrease compared to August 2017 when 3,043 homes sold.

Last month’s sales were 13.1 percent above the 10-year September sales average.

“Our detached homes market is balanced today, while apartment and townhome sales remain in sellers' market territory,” Jill Oudil, REBGV president said. “If you’re looking to enter the market, as either a buyer or seller, it’s important to understand these trends and use this information to set realistic expectations.”

There were 5,375 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2017. This represents a 12 percent increase compared to the 4,799 homes listed in September 2016 and a 26.6 percent increase compared to August 2017 when 4,245 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,466, a 1.2 percent increase compared to September 2016 (9,354) and a 7.5 percent increase compared to August 2017 (8,807).

“Detached homes made up 30 percent of all sales in September and represented 62 percent of all the homes listed for sale on the MLS®,” said Oudil. “This dynamic has slowed the pace of upward pressure that we’ve seen on detached home prices in our market over the last few years.”

For all property types, the sales-to-active listings ratio for September 2017 is 29.8 percent. By property type, the ratio is 14.6 percent for detached homes, 42.3 percent for townhomes, and 60.4 percent for apartments.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 percent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 percent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,037,300. This represents a 10.9 percent increase over September 2016 and a 0.7 percent increase compared to August 2017.

Sales of detached properties in September 2017 reached 852, a 27.9 percent increase from the sales recorded in September 2016 (666), a decrease of 33 percent from September 2015 (1,272), and a decrease of 32.9 percent from September 2014 (1,270). The benchmark price for detached properties is $1,617,300. This represents a 2.9 percent increase from September 2016 and a 0.1 percent increase compared to August 2017.

Sales of apartment properties reached 1,451 in September 2017, a 19.1 percent increase compared from the sales recorded in September 2016 (1,218), a 5.1 percent decrease from September 2015 (1,529), and a 22.1 percent increase from September 2014 (1,188). The benchmark price of an apartment property is $635,800. This represents a 21.7 percent increase from September 2016 and a 1.4 percent increase compared to August 2017.

Attached property sales in September 2017 totalled 518, a 40.4 percent increase compared to the sales recorded in September 2016 (369), a 4.8 percent decrease from September 2015 (544), and an 11.6 percent increase from September 2014 (464). The benchmark price of an attached home is $786,600. This represents a 14.5 percent increase from September 2016 and a 1.1 percent increase compared to August 2017.

 

 

Download The Full Market Report Here

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