I have listed a new property at 2103 1850 COMOX ST in Vancouver.
Absolutely beautiful ocean views overlooking English Bay, the city and the Mountains. Bright & open sunny SW corner suite w balcony. Watch the fireworks and sunsets. Resort-like EI Cid situated west of Denman & steps to Stanley Park, English Bay, the Seawall, & all coffee shops and rest's. Well respected concrete 27 story, prepaid leasehold to 2073. Over $6m work on the bldg has been done and paid for. 1 parking & 1 storage locker. Indoor heated pool with lovely patio outdoors, gym & sauna. Suite is freshly painted & all new carpets. MAINTENANCE FEE INCLUDES PROPERTY TAXES, heat & hot water. Unrestricted rentals w great revenue potential. The spectacular 27th flr common area has 360 degree view with rooftop deck. Must be seen to be appreciated.
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I have sold a property at 308 2215 DUNDAS ST in Vancouver.
Quality finishing throughout this mellow, immaculate 1 bdrm suite, blocks walk from ever popular East Village shopping, restaurants and some of Vancouver's best craft breweries. Engineered honey-hued hardwood floors throughout, Industrial themed, uber efficient kitchen w/ stainless steel, pristine appliances living/dining area w/walk out balcony. Generous bedroom accommodates house sized bed w/side tables. Tastefully updated bathroom soothes, relaxes, regenerates. Pet and investor friendly, proactive liberal strata, low maintenance fee includes heat and hot water, only minutes to downtown, the North Shore and the hwy. Immediate possession available, ACT NOW!
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Quality finishing throughout this mellow, immaculate 1 bdrm suite, blocks walk from ever popular East Village shopping, restaurants and some of Vancouver's best craft breweries. Asking $379K

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Low supply continues to limit Metro Vancouver home buyers   March 2017

Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market.

 

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold.

 

Last month’s sales were 7.7 per cent below the 10-year February sales average.

 

“February home sales were well below the record-breaking activity from one year ago and in line with our long-term historical average for the month,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “Limited supply and snowy weather were two factors hampering this activity.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,666 in February 2017. This represents a 36.9 per cent decrease compared to the 5,812 units listed in February 2016 and an 11.4 per cent decrease compared to January 2017 when 4,140 properties were listed.

This is the lowest number of new listings registered in February since 2003.

 

The total number of properties currently listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver is 7,594, a four per cent increase compared to February 2016 (7,299) and a 4.9 per cent increase compared to January 2017 (7,238).

The region’s sales-to-active listings ratio for February 2017 is 31.9 per cent, a 10-point increase from January. 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.

 

“While home sales are not happening at the pace we experienced last year, home seller supply is still struggling to keep up with today’s demand. This is why we’ve seen little downward pressure on home prices, particularly in the condominium and townhome markets,” Morrison said. 

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $906,700. This represents a 2.8 per cent decrease over the past six months and a 1.2 per cent increase compared to January 2017.

 

Sales of detached properties in February 2017 reached 745, a decrease of 58.1 per cent from the 1,778 detached sales recorded in February 2016. The benchmark price for detached properties is $1,474,200. This represents a 6.5 per cent decrease over the past six months and is unchanged compared to January 2017.

Sales of apartment properties reached 1,275 in February 2017, a decrease of 28.8 per cent compared to the 1,790 sales in February 2016.The benchmark price of an apartment property is $526,300. This represents a 2.3 per cent increase over the past six months and a 2.7 per cent increase compared to January 2017.

 

Attached property sales in February 2017 totalled 404, a decrease of 33.1 per cent compared to the 604 sales in February 2016. The benchmark price of an attached unit is $675,500. This represents a 0.3 per cent decrease over the past six months and a 1.3 per cent increase compared to January 2017.

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I have sold a property at 102 1633 11TH AVE W in Vancouver.
EXTRA LARGE GARDEN SUITE IN PRIME SOUTH GRANVILLE. SW facing, incredibly quiet and very private. Efficient floor plan with open living/dining area great for entertaining. Features include cozy real wood burning fp, granite countertops, h/w floors , insuite laundry & more. Amazing 640+ sq. ft. deck comes to life in the Spring. Expect azalea, rhododendrons & climbing hydrangeas to be out. Walkers paradise. 5 minutes to everything, shopping, theatres, restaurants, short walk to Granville Island & close to downtown. One small dog or 2 cats. Parking and storage included. Well managed building. Call today to book your private showing. Age rest. to 19+ to occupy. Open House Feb. 11th & 12th 2:00-4:00pm.
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Please visit our Open House at 102 1633 11TH AVE W in Vancouver.
Open House on Saturday, February 18, 2017 2:00PM - 4:00PM
EXTRA LARGE GARDEN SUITE IN PRIME SOUTH GRANVILLE. SW facing, incredibly quiet and very private. Efficient floor plan with open living/dining area great for entertaining. Features include cozy real wood burning fp, granite countertops, h/w floors , insuite laundry & more. Amazing 640+ sq. ft. deck comes to life in the Spring. Expect azalea, rhododendrons & climbing hydrangeas to be out. Walkers paradise. 5 minutes to everything, shopping, theatres, restaurants, short walk to Granville Island & close to downtown. One small dog or 2 cats. Parking and storage included. Well managed building. Call today to book your private showing. Age rest. to 19+ to occupy. Open House Feb. 11th & 12th 2:00-4:00pm.
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Please visit our Open House at 102 1633 11TH AVE W in Vancouver.
Open House on Sunday, February 19, 2017 2:00PM - 4:00PM
EXTRA LARGE GARDEN SUITE IN PRIME SOUTH GRANVILLE. SW facing, incredibly quiet and very private. Efficient floor plan with open living/dining area great for entertaining. Features include cozy real wood burning fp, granite countertops, h/w floors , insuite laundry & more. Amazing 640+ sq. ft. deck comes to life in the Spring. Expect azalea, rhododendrons & climbing hydrangeas to be out. Walkers paradise. 5 minutes to everything, shopping, theatres, restaurants, short walk to Granville Island & close to downtown. One small dog or 2 cats. Parking and storage included. Well managed building. Call today to book your private showing. Age rest. to 19+ to occupy. Open House Feb. 11th & 12th 2:00-4:00pm.
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#102 1633 W.11th Avenue. Fairview, Vancouver BC

 

EXTRA LARGE GARDEN SUITE IN PRIME SOUTH GRANVILLE.

 

SW facing, incredibly quiet and very private. Efficient floor plan with open living/dining area great for entertaining. Features include cozy real wood burning fp, granite countertops, h/w floors , insuite laundry & more. Amazing 650 sq. ft. deck comes to life in the Spring. Expect azalea, rhododendrons & climbing hydrangeas to be out. Walkers paradise. 5 minutes to everything, shopping, theatres, restaurants, short walk to Granville Island & close to downtown. One small dog or 2 cats. Parking and storage included. Well managed building. Age rest. to 19+ to occupy. Open House Feb. 11th & 12th 2:00-4:00pm.  A pleasure to show.

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Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease from the 2,519 sales recorded in January 2016 and an 11.1 per cent decrease compared to December 2016 when 1,714 homes sold.

Last month’s sales were 10.3 per cent below our 10-year January sales average.

 

“From a real estate perspective, it’s a lukewarm start to the year compared to 2016,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “While we saw near record-breaking sales at this time last year, home buyers and sellers are more reluctant to engage so far in 2017.”

 

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,140 in January 2017. This represents a 6.8 per cent decrease compared to the 4,442 homes listed in January 2016 and a 215.5 per cent increase compared to December 2016 when 1,312 properties were listed.

 

The total number of homes currently listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver is 7,238, a 9.1 per cent increase compared to January 2016 (6,635) and a 14.1 per cent increase compared to December 2016 (6,345).

 

The sales-to-active listings ratio for January 2017 is 21 per cent. This is the lowest the ratio has been in the region since January 2015. 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.

 

“Conditions within the market vary depending on property type. The townhome and condominium markets are more active than the detached market at the moment,” Morrison said. “As a result, detached home prices declined about 7 per cent since peaking in July while townhome and condominium prices held steady over this period.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $896,000. This represents a 3.7 per cent decline over the past six months and a 0.2 per cent decrease compared to December 2016.

 

Sales of detached properties in January 2017 reached 444, a decrease of 57.6 per cent from the 1,047 detached sales recorded in January 2016. The benchmark price for detached properties is $1,474,800. This represents a 6.6 per cent decline over the last six months and a 0.6 per cent decrease compared to December 2016.

Sales of apartment properties reached 825 in January 2017, a decrease of 24.7 per cent compared to the 1,096 sales in January 2016.The benchmark price of an apartment property is $512,300. This represents a 0.3 per cent increase over the last six months and a 0.4 per cent increase compared to December 2016.

 

Attached property sales in January 2017 totalled 254, a decrease of 32.4 per cent compared to the 376 sales in January 2016. The benchmark price of an attached unit is $666,500. This represents a 0.4 per cent decline over the last six months and a 0.7 per cent increase compared to December 2016.

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Please visit our Open House at 102 1633 11TH AVE W in Vancouver.
Open House on Sunday, February 12, 2017 2:00PM - 4:00PM
EXTRA LARGE GARDEN SUITE IN PRIME SOUTH GRANVILLE. SW facing, incredibly quiet and very private. Efficient floor plan with open living/dining area great for entertaining. Features include cozy real wood burning fp, granite countertops, h/w floors , insuite laundry & more. Amazing 650 sq. ft. deck comes to life in the Spring. Expect azalea, rhododendrons & climbing hydrangeas to be out. Walkers paradise. 5 minutes to everything, shopping, theatres, restaurants, short walk to Granville Island & close to downtown. One small dog or 2 cats. Parking and storage included. Well managed building. Call today to book your private showing. Age rest. to 19+ to occupy. Open House Feb. 11th & 12th 2:00-4:00pm.
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Please visit our Open House at 102 1633 11TH AVE W in Vancouver.
Open House on Saturday, February 11, 2017 2:00PM - 4:00PM
EXTRA LARGE GARDEN SUITE IN PRIME SOUTH GRANVILLE. SW facing, incredibly quiet and very private. Efficient floor plan with open living/dining area great for entertaining. Features include cozy real wood burning fp, granite countertops, h/w floors , insuite laundry & more. Amazing 650 sq. ft. deck comes to life in the Spring. Expect azalea, rhododendrons & climbing hydrangeas to be out. Walkers paradise. 5 minutes to everything, shopping, theatres, restaurants, short walk to Granville Island & close to downtown. One small dog or 2 cats. Parking and storage included. Well managed building. Call today to book your private showing. Age rest. to 19+ to occupy. Open House Feb. 11th & 12th 2:00-4:00pm.
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I have listed a new property at 102 1633 11TH AVE W in Vancouver.
EXTRA LARGE PRIVATE GARDEN HOME IN PRIME SOUTH GRANVILLE. SW facing, incredibly quiet and very private. Efficient floor plan with open living/dining area great for entertaining. Features include cozy real wood burning fp, granite countertops, h/w floors , insuite laundry & more. Amazing 650 sq. ft. deck comes to life in the Spring. Expect azalea, rhododendrons & climbing hydrangeas to be out. Walkers paradise. 5 minutes to everything, shopping, theatres, restaurants, short walk to Granville Island & close to downtown. One small dog or 2 cats. Parking and storage included. Well managed building. Call today to book your private showing. Open House Feb. 11th & 12th 2:00-4:00pm.
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A heated year for Metro Vancouver real estate draws to a close VANCOUVER, BC – January 4, 2017 –

 

The Metro Vancouver* housing market had its third highest selling year on record in 2016, behind only 2015 and 2005. Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per cent decrease from the 42,326 sales recorded in 2015, and a 20.6 per cent increase over the 33,116 residential sales in 2014.

 

“It was an eventful year for real estate in Metro Vancouver. Escalating prices caused by low supply and strong home buyer demand brought more attention to the market than ever before,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said.

 

“As prices rose in the first half of the year, public debate waged about what was fuelling demand and what should be done to stop it. This led to multiple government interventions into the market. The long-term effects of these actions won’t be fully understood for some time.” Residential properties listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 57,596 in 2016. This is an increase of 0.6 per cent compared to the 57,249 properties listed in 2015 and a 2.6 per cent increase compared to the 56,066 properties listed in 2014.

 

 

The supply of homes for sale couldn't keep up with home buyer demand for much of 2016. This allowed home sellers to raise their asking price. It wasn’t until the last half of the year that prices began to show modest declines.

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“Supply and demand conditions differ today depending on property type,” Dan Morrison, REBGV president said.

 

“We’re seeing more demand for condominiums and townhomes today than in the detached home market.”

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Home buyers and sellers face changing market dynamics October 2016

 

Metro Vancouver* home sales dipped below the 10-year monthly sales average last month. This is the first time this has occurred in the region since May 2014.

 

Metro Vancouver home sales totalled 2,253 in September 2016, a decrease of 32.6 per cent from the 3,345 sales recorded in September 2015 and a decrease of 9.5 per cent compared to August 2016 when 2,489 homes sold.

Last month’s sales were 9.6 per cent below the 10-year sales average for the month.

 

“Supply and demand conditions differ today depending on property type,” Dan Morrison, REBGV president said. “We’re seeing more demand for condominiums and townhomes today than in the detached home market.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,799 in September 2016. This represents a decrease of one per cent compared to the 4,846 units listed in September 2015 and an 11.8 per cent increase compared to August 2016 when 4,293 properties were listed.

 

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,354, a 13.4 per cent decline compared to September 2015 (10,805) and a 10 per cent increase compared to August 2016 (8,506).

The sales-to-active listings ratio for September 2016 is 24.1 per cent. This is the lowest this ratio has been since February 2015. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period.

 

“Changing market conditions are easing upward pressure on home prices in our region,” Morrison said. “There’s uncertainty in the market at the moment and home buyers and sellers are having difficulty establishing price as a result. To help you understand the factors affecting prices, it’s important to talk with a REALTOR®.”

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $931,900. This represents a 28.9 per cent increase compared to September 2015 and a 0.1 per cent decline compared to August 2016.

 

Sales of detached properties in September 2016 reached 666, a decrease of 47.6 per cent from the 1,272 detached sales recorded in September 2015. The benchmark price for detached properties is $1,579,400. This represents a 33.7 per cent increase compared to September 2015 and a 0.1 per cent increase compared to August 2016.

Sales of apartment properties reached 1,218 in September 2016, a decrease of 20.3 per cent compared to the 1,529 sales in September 2015.The benchmark price of an apartment property is $511,800. This represents a 23.5 per cent increase compared to September 2015 and a 0.5 per cent decline compared to August 2016.

Attached property sales in September 2016 totalled 369, a decrease of 32.2 per cent compared to the 544 sales in September 2015. The benchmark price of an attached unit is $677,000. This represents a 29.1 per cent increase compared to September 2015 and a 0.1 per cent decline compared to August 2016.

 

 

Download the complete stats package by clicking here. 

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market video October 2016  

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JUST SOLD!


#2103 1850 Comox. St.                    $449,000


Amazing 21st floor views of English Bay, Ocean and mountains.
Sunny south west corner suite.
 
Living the Vancouver Westside Lifestyle

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Vancouver Homes Sales Decline

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver totalled 2,489 in August 2016, a decline of 26 per cent compared to the 3,362 sales in August 2015;

10.2 per cent less than the 2,771 sales in August 2014;

and one per cent less than the 2,514 sales in August 2013.

August 2016 sales also represent a 22.8 per cent decline compared to last month’s sales.

 

From a historical perspective, last month’s sales were 3.5 per cent below the 10-year sales average for the month.

“The record-breaking sales we saw earlier this year were replaced by more historically normal activity throughout July and August,” Dan Morrison, REBGV president said.

 

"Sales have been trending  downward in Metro Vancouver for a few months.

 

The new foreign buyer tax appears to have added to this trend by reducing foreign buyer activity and causing some uncertainty amongst local home buyers and sellers.

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MARK YOUR CALENDARS!

 Vancouver Home + Design Show returns

October 27-30, 2016!

The Vancouver Home + Design Show is a must-see fall event.
Find fresh inspiration, helpful tips, innovative products and fantastic deals! ​
People in Vancouver visit the home show to become inspired, informed and energized with helpful advice, thousands of solutions and the coolest new products.

Thursday, October 27, 2016  ​4 p.m. - 9:00 p.m.
Friday, ​October 28, 2016  NOON - 9:00 p.m.
Saturday, ​October 29, 2016  10:00 a.m. - 9:00 p.m.
Sunday, ​​October 30, 2016  10:00 a.m. - 6:00 p.m

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