I have sold a property at 103 338 WARD ST in New Westminster.
YOU'LL BE HOME FOR CHRISTMAS. Immediate possession available. FULLY RENOVATED one bedroom garden apartment in IZUMIDONO with very private patio and cozy gas fireplace. Walk to work at the hospital, live and enjoy historic Sapperton in this beautifully updated suite. New flooring, paint, lights, closets & NEST smart thermostat. bathroom with all new fixtures, including the tub. Kitchen with all new fixtures, tiles, flooring, quartz countertops and all new stainless steel Maytag appliances, including dishwasher and microwave. VENTLESS WASHER/DRYERS PERMITTED! Heat, hot water & gas incl in maint fee. An amazing suite in a great location perfect for your first place or downsizing. 19+ building, no smoking, no rentals, 1 cat or dog (max 12" & 30lbs). YOU'LL LOVE IT!
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The November Market Stats Pack for East and West are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.

  • Activity Snapshot by Property Type
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot

If you are interested in a report like this for other areas, please contact me to request it and I'll send it to you.


DOWNLOAD HERE

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VANCOUVER, BC – December 4, 2018 – Home buyer demand remains below long-term historical averages in the Metro Vancouver* housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales totalled 1,608 in the region in November 2018, a 42.5 per cent decrease from the 2,795 sales recorded in November 2017, and an 18.2 per cent decrease compared to October 2018 when 1,966 homes sold.

Last month’s sales were 34.7 per cent below the 10-year November sales average and was the lowest sales for the month since 2008.

“Home buyers have been taking a wait-and-see approach for most of 2018. This has allowed the number of homes available for sale in the region to return to more typical historical levels,” Phil Moore, REBGV president said. “This activity is helping home prices edge down, across all property types, from the record highs we’ve experienced over the last year.”

There were 3,461 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2018. This represents a 15.8 per cent decrease compared to the 4,109 homes listed in November 2017 and a 29 per cent decrease compared to October 2018 when 4,873 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,307, a 40.7 per cent increase compared to November 2017 (8,747) and a 5.2 per cent decrease compared to October 2018 (12,984).

For all property types, the sales-to-active listings ratio for November 2018 is 13.1 per cent. By property type, the ratio is 8.9 per cent for detached homes, 14.7 per cent for townhomes, and 17.6 per cent for apartments.

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.


“Home prices have declined between four and seven per cent over the last six months depending on property type. We’ll watch conditions in the first quarter of 2019 to see if home buyer demand picks up ahead of the traditionally more active spring market,” Moore said.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,042,100. This represents a 1.4 per cent decrease over November 2017 and a 1.9 per cent decrease compared to October 2018.

Detached home sales in November 2018 reached 516, a 38.6 per cent decrease from the 841 detached sales recorded in November 2017. The benchmark price for detached homes is
$1,500,100. This represents a 6.5 per cent decrease from November 2017 and a 1.6 per cent decrease compared to October 2018.

Apartment home sales reached 810 in November 2018, a 46.3 per cent decrease compared to the 1,508 sales in November 2017. The benchmark price of an apartment property is $667,800. This represents a 2.3 per cent increase from November 2017 and a 2.3 per cent decrease compared to October 2018.

Attached home sales in November 2018 totalled 282, a 36.8 per cent decrease compared to the 446 sales in November 2017. The benchmark price of an attached home is $818,500. This represents a 2.6 per cent increase from November 2017 and a 1.3 per cent decrease compared to October 2018.


Download the Full Market Report Here.

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Please visit our Open House at 301 1967 BARCLAY ST in Vancouver.
Open House on Sunday, December 9, 2018 1:00PM - 3:00PM
FREEHOLD STRATA! THE PALASADES. West of Denman, one block from Stanley Park and a short stroll to English Bay. Smart studio layout in a concrete building on a gorgeous tree-lined street. Re-piped 2004. New elevator 2009. New roof 2015. Full exterior painting caulking and sealing 2016. This unit has an updated kitchen in white with stainless steel appliances and the bath is bright and fresh. There are hardwood parquet floors, big windows and a large balcony. 2 pets up to 75 pounds. In the heart of the West End. YOU'LL LOVE IT!
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