I have sold a property at 708 503 16TH AVE W in Vancouver.
Concrete, Large, Bright, South facing suite with nice covered balcony in the heart of the city. Features: spacious living area I/S storage, new floors,baseboards, fresh paint with lovely SW views. Brand new interior design to all common areas will look fantastic when done. Paid for! Across the St. Shoppers. Walk popular Cambie for anything you need, stop at Choices or check out the cool new shops & bakeries. Broadway Canada line -10 mins, close to everything. Catch the 33 to UBC right outside. Indoor Pool, gym, Guest suite, awesome amenities, secure U/G parking, and lots of visitor parking. nice LOW fees. Easy to show.
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September 4, 2013

The summer housing market remains active in Greater Vancouver

August activity in the Greater Vancouver housing market finished well above last year’s pace and slightly below the 10-year average for the month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,514 on the Multiple Listing Service® (MLS®) in August 2013. This represents a 52.5 per cent increase compared to the 1,649 sales recorded in August 2012, and a 14.7 per cent decline compared to the 2,946 sales in July 2013.

Last month’s sales were 4.6 per cent below the 10-year sales average for the month.

“We’ve seen a healthy amount of demand in the marketplace this summer compared to the number of homes listed for sale,” Sandra Wyant, REBGV president said. “The market today is much stronger than we saw last year and is consistent with our long-term averages for this time of year.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,186 in August. This represents a 3.5 per cent increase compared to the 4,044 new listings reported in August 2012 and a 13.8 per cent decline from the 4,854 new listings in July of this year.

The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 16,027, which is an 8.8 per cent decrease compared to August 2012 and a 3.6 per cent decline from July 2013.

The sales-to-active-listings ratio currently sits at 15.7 per cent in Greater Vancouver. This ratio remains consistent with balanced market conditions.

“People entering the market should not confuse stronger sales activity with rising prices. Home prices have been quite stable and consistent for much of this year,” Wyant said.

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $601,500. This represents a 1.3 per cent decline compared to August 2012 and an increase of 2.3 per cent since the beginning of 2013.

Sales of detached properties reached 1,052 in August 2013, an increase of 69 per cent from the 624 detached sales recorded in August 2012, and a 3.1 per cent increase from the 1,020 units sold in August 2011. The benchmark price for detached properties decreased 2 per cent from August 2012 to $923,700.

Sales of apartment properties reached 1,018 in August 2013, an increase of 40.4 per cent compared to the 725 sales in August 2012, and an increase of 6.6 per cent compared to the 955 sales in August 2011. The benchmark price of an apartment property decreased 1.1 per cent from August 2012 to $366,100.

Attached property sales in August 2013 totalled 444, an increase of 48 per cent compared to the 300 sales in August 2012, and a 10.2 per cent increase from the 403 attached properties sold in August 2011. The benchmark price of an attached unit decreased 1.1 per cent between August 2012 and 2013 to $457,000.

Download the full stats package by clicking here. 

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http://www.rebgv.org/sites/default/files/REBGV%20Stats%20Package%2C%20August%202013.pdf

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I have sold a property at 201 1406 W. 73rd. AVE in Vancouver.
Terrific 2 bedroom, 2 bathroom suite located on a quiet, tree-lined street with a lovely view of Marpole Park. Suite features an open living & dining area w/cozy gas f/p that opens to the northwest facing balcony, perfect for entertaining & bbqs. Separate kitchen has plenty of cupboard space & a convenient pass through to the dining area. 2 spacious bedrooms, master w/jetted tub in the 4 piece ensuite & a private balcony. Insuite laundry, 1 parking & 1 storage locker. 2 rentals allowed & 2 cats allowed. Rainscreen & balconies done in 2003 & roof done in 2004. Great location, close to Fraser River Park, transportation, shops, restaurants & amenities along Granville St & SW Marine Drive with easy access to downtown & Richmond!
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Please visit our Open House at 304 789 16TH AVE W in Vancouver.
Open House on Sunday, September 8, 2013 2:00 pm - 4:00 pm
Bright 2 BDRM , 2 BA suite with 2 parking spots and extra large storage locker! '16 Willows' Desirable condo in Fairview location. Easy access to Cambie Village shopping, schools, Douglas Park and all transit. Direct bus (#33) to UBC. ThisNorth facing home is on the QUIET side of the building, has an efficient floorplan, a cozy gas fireplace, newer walnut laminate floors, and a lovely green treed outlook. Large kitchen, lots of cupboard space, bedrooms are separated and even a proper dining area - see photos! Good sized balcony perfect for Summer BBQs! Pet friendly! (1 dog or 1 cat permitted) Easy to show!
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Please visit our Open House at 708 503 16TH AVE W in Vancouver.
Open House on Saturday, September 7, 2013 2:00 pm - 4:00 pm
Concrete, Large, Bright, South facing suite with nice covered balcony in the heart of the city. Features: spacious living area I/S storage, new floors,baseboards, fresh paint with lovely SW views. Brand new interior design to all common areas will look fantastic when done. Paid for! Across the St. Shoppers. Walk popular Cambie for anything you need, stop at Choices or check out the cool new shops & bakeries. Broadway Canada line -10 mins, close to everything. Catch the 33 to UBC right outside. Indoor Pool, gym, Guest suite, awesome amenities, secure U/G parking, and lots of visitor parking. nice LOW fees. Easy to show.
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