To navigate the dynamic Vancouver real estate market, you need up-to-the minute information, quality real estate search tools, cutting edge technology and a REALTOR® well versed in your neighbourhood. With industry leading client service, innovative marketing programs, proven negotiation tactics and a wealth of experience, I can be your guide to a successful real estate transaction. Please take a moment to browse through our homes for sale and don't hesitate to contact me directly if you have any questions. 


- Ben Chimes Vancouver Real Estate Specialist

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Just sold a home in Kitsilano, Vancouver West

Congratulations to the new owners of 2656 3RD AVE W in Vancouver!
A lovely character home in the coveted North of 4th neighbourhood. Surrounded by a mature front garden, this home boasts 10ft ceilings and original fir floors with a main floor layout that lends itself well to entertaining. Gas range and stainless steel appliances in the kitchen lead out to a back deck enveloped...
Just sold a home in University VW, Vancouver West

Congratulations to the new owners of 113 2338 WESTERN PKY in Vancouver!
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Vancouver Real Estate Update: August 2014

 

 

Market Update

AUGUST 2014

Now that we've hit mid-August, you can officially say that we're in the dog days of summer. Real Estate activity in Vancouver becomes slower than normal, with fewer new listings and sales hitting the market (even in the very hot East Van Detached House Market) with most people choosing to spend their weekends away rather than shopping for real estate. This drop in activity is higher in some markets than others, but all things considered, every market is performing well . Expect things to pick up in the fall.

 

It's always harder to analyze the market in summer, but take a look at what's happening:

 

Condos

 

The condo market in East Van continues to perform pretty well - the number of sales was unchanged from last month, and within range of last year, and with a 20% sales to active ratio, people are buying! Average and median price have crept up to the mid to high $300,000's, though price per sqft still sits under $500/sqft. Interestingly, the most active markets are the $400k to $700k price ranges, perhaps thanks to buyers realizing that value goes a little further on the Eastside.

 

The Vancouver West condo market is running a 20% sales to active ratio, which is close to the highest average it's been in the last few years. Inventory is dropping now, but will pick up in the fall. Average price per sqft is in the mid to high $600 range.

 

Condos in North Van have a 14% sales to active ratio, and average and median prices in the high $300,000's. There are quite a few new developments coming to North Van, so the interest level should continue, if not increase.

 

Townhomes and Half Duplexes

 

The East Van townhouse and half duplex market continues to be steady, with a 23% sales to active ratio last month. Prices are steady compared to last year and last month, with the average and median prices landing in the low-$600,000's. The most active market is the $500k to $600k market (likely where many new townhouse developments are priced).

 

The townhouse market on the Westside also has a 23% sales to active ratio, though the average price is almost $875,000 and the median price is just about $800,000.

 

North Van townhomes and half duplexes are showing a 30% sales to active ratio and average and median prices in the mid-$600,000's.

 

Detached Homes

 

The East Vancouver Detached house market has been the most active market in Vancouver for quite a few months now. Take a look at the numbers - East Van has a high 36% sales to active ratio. Within the $600k to $1.2-million price range, the average sales to active ratio is just over 50%. Average prices have climbed compared to last year - the average and median price is now in the high-$900k to low $1-million range.

 

The Detached market on the Westside slowed compared to last month, and now has a 15% sales to active ratio. Average and median price increased this month, with the median at $2.5-million and the average at $3-million.

 

Houses in North Van are showing a 30% sales to active ratio, which is down from the Spring high of 37%. Average and Median price are just under $1.2-million, which has been steadily increasing the last few years.

 

Give us a call to get ready for the fall season, and enjoy the rest of your summer!

 

Ben

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MARKET STATISTICS

FEATURED LISTINGS:

#1202 1280 RICHARDS

  • FOR SALE! Offered at $1,688,000
  • 1,830sqft
  • 2 Bedrooms, 3 Bathrooms
  • Modern elegance at its very finest in the exclusive Grace Residences
  • Modern elegance at its very finest in the exclusive Grace Residences
  • 2 Units Per Floor
  • 2 Parking Stalls
  • Building Amenities include indoor/outdoor pool, gym, concierge, fingerprint entry and more

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416 NORTHCLIFFE

  • FOR SALE! Offered at $1,680,000
  • 3 Bedrooms, 3 Bathrooms
  • 3,123 sq ft
  • Spectacular panoramic ocean views sweeping from Grouse Mountain over the Burrard Inlet and up Indian Arm
  • Beautiful Landscaped Grounds
  • 3 separate outdoor entertaining areas
  • Two car garage
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#611 1485 west 6th

  • FOR SALE! Offered at $728,000
  • 2 Bedroom, 2 Bathrooms
  • 976 sqft
  • Large Patio with Mountain and City Views
  • BOSA Built Concrete Building
  • 2 Side by Side Parking
  • Pets allowed
  • Fantastic building amenities including Sauna, Hot Tub, Gym and Workshop
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