Erica Rendell

$ 2,280,000 MLS #r2237891 Southlands Vancouver West

Open House is Sat March 31th, 2-4.

Absolutely charming 4 bdrm split level bungalow stylishly renovated and move in ready. Located on one of the prettiest streets in Dunbar / Southlands. You've got Musqueam Park right across the street . This home is ideal for a young family or empty nesters wanting to downsize but still wanting single family living. The home offers all double windows, Air Cond, refinished HW floors, upgraded On Demand Heating System, New Roof, upgraded wiring and renovated kitchen & bathrooms. Nothing to do here but enjoy. Open House is Sat March 31th, 2-4.

Absolutely charming 4 bdrm split level bungalow stylishly renovated and move in ready.

Located on one of the prettiest streets in Dunbar / Southlands. You've got Musqueam Park right across the street . This home is ideal for a young family or empty nesters wanting to downsize but still wanting single family living. The home offers all double windows, Air Cond, refinished HW floors, upgraded On Demand Heating System, New Roof, upgraded wiring and renovated kitchen & bathrooms. Nothing to do here but enjoy. 

Open House is Sat March 31th, 2-4.

Metro Vancouver* home sales dipped below the long-term historical average in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,207 in February 2018, a nine per cent decrease from the 2,424 sales recorded in February 2017, and a 21.4 per cent increase compared to January 2018 when 1,818 homes sold.

Last month’s sales were 14.4 per cent below the 10-year February sales average. By property type, detached sales were down 39.4 per cent over the same period, attached sales were down 6.8 per cent, and apartment sales were 5.5 per cent above the 10-year February average.

“Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market,” Jill Oudil, REBGV president said. “Even still, the supply of apartment and townhome properties for sale today is unable to meet demand. On the other hand, our detached home market is beginning to enter buyers’ market territory.”

There were 4,223 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2018. This represents a 15.2 per cent increase compared to the 3,666 homes listed in February 2017 and an 11.2 per cent increase compared to January 2018 when 3,796 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 7,822, a three per cent increase compared to February 2017 (7,594) and a 12.6 per cent increase compared to January 2018 (6,947).

“The spring is traditionally the busiest time for home buyers and sellers in our market. We’ll wait to see how they react to the taxes and other policy measures that our provincial and federal governments have introduced so far this year,” Oudil said. “To help you navigate these changes in today’s housing market, it’s important to work with your local REALTOR®.”

For all property types, the sales-to-active listings ratio for February 2018 is 28.2 per cent. By property type, the ratio is 13 per cent for detached homes, 37.6 per cent for townhomes, and 59.7 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.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,071,800. This represents a 16.9 per cent increase over February 2017 and a 1.4 per cent increase compared to January 2018.

Sales of detached properties in February 2018 reached 621, a 16.6 per cent decrease from the 745 detached sales recorded in February 2017. The benchmark price for detached properties is $1,602,000. This represents an 8.2 per cent increase from February 2017 and is virtually unchanged from January 2018.

Sales of apartment properties reached 1,185 in February 2018, a 7.1 per cent decrease compared to the 1,275 sales in February 2017. The benchmark price of an apartment property is $682,800. This represents a 27.2 per cent increase from February 2017 and a 2.6 per cent increase compared to January 2018.

Attached property sales in February 2018 totalled 401, a 0.7 per cent decrease compared to the 404 sales in February 2017. The benchmark price of an attached unit is $819,200. This represents an 18.1 per cent increase from February 2017 and a 1.9 per cent increase compared to January 2018.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,071,800.

This represents a 16.9 per cent increase over February 2017 and a 1.4 per cent increase compared to January 2018.

Absolutely charming 4 bdrm split level bungalow stylishly renovated and move in ready. Located on one of the prettiest streets in Dunbar / Southlands.

You've got Musqueam Park right across the street .

This home is ideal for a young family or empty nesters wanting to downsize but still wanting single family living. The home offers all double windows, Air Cond, refinished HW floors, upgraded On Demand Heating System, New Roof, upgraded wiring and renovated kitchen & bathrooms.

Nothing to do here but enjoy. Open House is Sat March 24th, 2-4.

Asking $2,280,000.

The Phoenix in Vancouver's master planned community - River District.

This SW facing unit with river view overlooks the park, laminate floors throughout and new paint in 2017, updated stove, fridge & dishwasher in 2016.

Unit has 2 bedrooms, 1 bathroom, insuite laundry, a balcony, 2 parking stalls side by side and 1 locker. The building has been completely updated including repipes & new style mailbox.

Amenities include indoor pool, swirlpool, gym and recreation centre.

Pro-active council with long-term maintenance and well kept. Vibrant and comprehensive neighbourhood with lots of future amenities including community plaza, shopping,

waterfront access to trails and outdoor facilities.

Lovely 2 bedroom suite on the waterfront.

Open House Questions Some Buyers Forget to Ask

An Open House is an event. And, like many events, it’s easy to get caught up in all the excitement and energy. In fact, when you visit an Open House, you might even end up rubbing elbows with other buyers who are there at the same time. It can feel like a party! In an environment like that, it’s not unusual to forget to ask important questions about the property. Here are some of the most common:

• How old is the roof?

• How old is the furnace, air conditioner and other HVAC equipment?

• How does the price compare to similar properties in the neighbourhood? (You don’t want to make an offer that’s too high.)

• What are the characteristics of the neighbourhood? (Amenities, safety, traffic, access to public transit, property turnover, etc.)

• What doesn’t come with the home? (Ask specifically about kitchen appliances, gas-connected BBQs, chandeliers, window coverings.)

• Are there any potential impediments to the sale? (Tenants, outstanding liens, etc.)

• Are there any outstanding maintenance issues, or repairs that need to be done? (For example, cracked ceramics on the foyer floor.)

• Are there any issues that impact the full use of the property? (Ask specifically about shared driveways or walkways, public “right of way” through the property, water drainage rights from neighbouring homes, etc.) Yes, an Open House can feel like a frenzy, and if it’s a home you love, you might feel pressured to make an offer.

But, it’s important to take the time to ask the right questions and consider your decision carefully.

You don’t want to find out, too late, that there were questions you should have asked.

Want more tips on finding the home of your dreams? Call today