Wednesday, April 11, 2012

Vancouver Real Estate Market Update Newsletter April 2012

by Ben Chimes on Wed, Apr, 11, 2012 09:54 PM

Categories:vancouver market statistics,vancouver real estate,vancouver real estate april 2012,vancouver real estate market update

Market Update

April 2012

As expected, March showed further growth in activity as we near the peak of the Spring market. Active listings are up across all markets, though not as significantly as some may have expected. Sales activity was also up in most markets, with the exception of the Westside, which saw a slight drop in activity in both the attached and detached markets. Downtown showed the largest jump in activity with sales up 43.8% over last month. Median pricing remained relatively flat, though a drop off of almost 8% was noted in the Westside detached market.

The hottest market segments last month were:

- Any detached home on the Eastside under $1.2m
- The sub-$1.5m Westside detached market
- Virtually all detached North Van detached homes between $700k and $1.6m
- Entry level downtown condos under $400k
- Higher end North Van condos/townhomes between $800-900k

The next two months should have plenty of Buyer activity, with many looking to use the 2.99% rates that are locked in for the next 90 days. Looking forward to a good Spring (and good spring weather for showings and tours)!

Ben

GET CONNECTED

MARKET STATISTICS

Vancouver West
Vancouver East
North Vancouver
Downtown

STAY ON TOP OF THE Market

Featured Listings

218 - 237 East 4th Ave.

SOLD! Offered at $365,000
Live/Work Loft Space
737 Sq Ft
In the Artworks Building just off the Main St. corridor
One Parking Stall

More Details See All Listings

1906 - 120 Milross ave.

SOLD! Offered at $859,000
2 Bedrooms, 2 Bathrooms
1359 sq ft
Panoramic Views of False Creek to the North Shore

More Details See All Listings

12-960 W13th ave.

SOLD! Offered at $638,000
2 Bedrooms, 2 Bathrooms
982 Sq Ft
Upscale renovation and a 250 sq ft private patio with garden

More Details See All Listings

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Tuesday, May 17, 2011

Just sold a home in Vancouver!

by Ben Chimes on Tue, May, 17, 2011 04:25 AM

Categories:Vancouver Real Estate

Congratulations to the happy buyers who have just purchased 211 3333 4 AVE W in Vancouver!

See details here

This is a great apt in trendy Kits. Very inviting, private and quiet N-facing unit with a fabulous 376 sq ft deck, terrific for summer barbecues. The living space is well planned with generous room sizes, the building is excellent and there is a great park across the street. Your second fridge is a block away, your coffee is downstairs and your pizza or sushi is two steps away. A pleasure to show.

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Wednesday, March 16, 2011

Just sold a home in Vancouver!

by Ben Chimes on Wed, Mar, 16, 2011 04:34 AM

Categories:Vancouver Real Estate

Congratulations to the happy buyers who have just purchased # 305 2228 W BROADWAY in Vancouver!

See details here

2 BED, 2 BATH, DEN & OFFICE suite for sale at the Vine in Kitsilano - Sought after, newer concrete building. Located a short walk to trendy shops on W 4th, seawall and beach. Directly above the grocery store, London Drugs and steps to all other amenities including great places for coffee and dining. Suite faces QUIET SIDE with a fantastic outlook and MASSIVE SOUTH-FACING OUTDOOR PATIO. It's a corner unit with floor-to ceiling windows spanning two sides of your home. Beautifully kept with all the upgrades, stainless steel appliances, hardwood floors, 8'5 ft ceilings & granite counters. Pets, rentals welcome and 1 parking stall. OPEN HOUSE: Sat & Sun (March 12 & 13) 2-4pm.

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Friday, March 4, 2011

Vancouver Real Estate Market Update Newsletter March 2011

by Ben Chimes on Fri, Mar, 4, 2011 04:21 PM

Categories:market update,real estate update,vancouver real estate

Market Update

With Spring just around the corner (thank goodness!), we are entering into what is typically the busiest season of the Vancouver real estate market. As the sun comes out, so too it seems do the buyers and sellers. Often in droves. And I have little reason to believe that this year will be much different.

February saw the continuation of the trends we saw in January, with active listings and sales volume climbing across the board. Vancouver West led the sales charge with a 60% increase in attached sales and a 69% increase in detached sales compared with the January numbers. Only the North Vancouver attached market showed a decline in sales, with a drop of almost 28%. A little surprising given the rest of the market data, but we will monitor this trend through March to see if it was just an aberration.

Average sales price for both attached and detached homes in Vancouver East slipped slightly in February, while Vancouver West attached homes dropped almost 13%. Vancouver West detached prices saw a slight increase last month. Downtown prices climbed almost 8%, while North Van showed slight price increases in both categories.

We still haven't seen the influx of inventory we have been expecting, but let's see what March brings. I suspect that many of the people who have been talking about listing their homes for sale will take action this month. And for buyers, now that all the major banks have announced that conventional mortgages will be subject to the 30 maximum amortization period as well as the unconventional mortgages as of March 17, 2011. If you need that 35 year mortgage, don't forget that you'll need a firm contract before the 17th!

I look forward to your questions and comments,

Ben

GET CONNECTED

MARKET STATISTICS

Vancouver West
Vancouver East
North Vancouver
Downtown

STAY ON TOP OF THE Market

Featured Listings

344 E 34th

FOR SALE Offered at $649,900
Fabulous Main St. Location
Great Building Opportunity
33 X 99 ft lot

More Details See All Listings

4273 W. 10th Ave

FOR SALE Offered at $1,499,000
5 Bedroom & Office, 3 Bathroom
2,695 sq ft on 50 X 115ft lot
Mortgage Helper

More Details See All Listings

#2101 - 188 Keefer

FOR SALE Offered at $509,000
1 Bedroom, 2 Bathroom
835 sq ft
Views of False Creek, City & Mountains

More Details See All Listings

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Thursday, December 2, 2010

December 2010 Market Update Newsletter

by Ben Chimes on Thu, Dec, 2, 2010 04:41 PM

Categories:December 2010 market update,real estate market update,vancouver real estate,vancouver real estate news

Market Update

What's Going on with the market?

Well, it's official. The holiday season is upon us. I'm not sure about you, but activity around our office seemed to screech to a halt as soon as December hit. With festive plans filling social calendars all around, 'tis the season to be distracted! I would like to take this chance to wish all of you a very merry holiday season and hope that you find some time to kick back and enjoy a well deserved break.

Taking a look at the real estate stats this month, the predominant theme is one of falling inventory. All of the attached markets (Downtown, Westside & Eastside) and detached markets (Westside and Eastside) displayed lower active listings in November with most markets showing their 3rd or 4th consecutive month of decline. At any other time of the year this statistic might be alarming, but given the traditional winter slowdown much of the declining inventory was to be expected.

November showed slightly improved sales volumes, up 7.4% in Greater Vancouver, compared to October 2010. Sales volume did remain behind last year's at 18.6% lower than November 2009. Average house prices in Greater Vancouver, according to the Housing Price Index, are up 4.1% since November last year. Breaking it down further, detached homes on the both the Westside and Eastside showed growth this month, while all of the attached markets saw prices fall. This is primarily due to the lack of inventory and huge demand present in the detached market at the moment. I suspect that both the attached and detached markets will level off to end the year.

Overall, I think it is pretty safe to say that we are enjoying the longest stretch of balance the Vancouver market has seen in years. Homes that are priced well are selling and buyers have the opportunity to explore their options before purchasing. Let's hope it lasts a little while longer! Happy holidays and make it a fabulous end to 2010,

Ben

Vancouver West - Attached Statistics

Vancouver West - Attached Graph

Top of page

Vancouver West - Detached Statistics

Vancouver West - Detached Graph

Top of page

Vancouver East - Attached Statistics

Vancouver East - Attached Graph

Top Of Page

Vancouver East - Detached Statistics

Vancouver - East Detached Graph

Top Of Page

Vancouver Downtown Statistics

Vancouver Downtown Graph

Top Of Page

DECEMBER 2010

In this issue

Vancouver West

Statistics
Graph

Vancouver East

Statistics
Graph

Downtown

Statistics
Graph

Featured Listings

richards

FOR SALE Offered at $340,000
0 Bedroom & 1 Bathroom
727 Square Feet
Live/Work Studio

See full listing details »

w 10th ave

FOR SALE Offered at $355,900
1 Bedroom, 1 Bathroom
624 sq ft
Located in South Granville

See full listing details »

kitchner

SOLD! Offered $449,900
2 Bedroom, 1 Bathroom
963 sq ft
2 Level Loft

See full listing details »

kitchner

SOLD! Offered $998,000
5 Bedrooms
Updated
w/ Laneway House

See full listing details »

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Tuesday, November 23, 2010

Just sold a home in Vancouver!

by Ben Chimes on Tue, Nov, 23, 2010 04:10 AM

Categories:Vancouver Real Estate

Congratulations to the happy buyers who have just purchased 3 5168 Kwantlen ST in Vancouver!

See details here

Beautiful Townhouse Style, Lower Floor, Two Bedroom, Two Bathroom unit with your own Entrance. Quality built by Polygon Developments. Many quality Features: 12 Ft Ceilings, Bright large windows, open kitchen with Granite countertops, S/S Appliances, private patio with gate, Security System, Walnut Hardwood Engineered Flooring. Steps to Kwantlen College, Lansdowne Mall, Restaurants and Transit. Private Patio/Garden are. This unit is like New condition. Townhome on the South side of Season's High Rise at 5188 Kwantlen St.

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Wednesday, October 27, 2010

Just sold a home in Vancouver!

by Ben Chimes on Wed, Oct, 27, 2010 04:09 AM

Categories:Vancouver Real Estate

Congratulations to the happy buyers who have just purchased 375 E WOODSTOCK AV in Vancouver!

See details here

Wonderful 1908 Craftsman home w/Vancouver's 1st "Laneway House".Built by Smallworks,Main house feats stained glass,antique F/P,high ceilings & enclosed front porch.2 bdrms up + 3rd bdrm down for owner.Spiral staircase to 10x25 attic,7'3 ceiling,that could be developed.Quality 1 bdrm suite w/rad heated concrete flrs.Currently rented @ $1050+utils.Large covered deck over 9x13 heated & insulated wrkshp.Laneway house is 500SF,2 lvl 1 bdrm + den w/mezzanine,rad in flr heat & own outdoor patio area.Laneway house is handicap friendly rented @ $1350+utils.There is a 225SF single garage in the Lanehome w/heated flr & sep alarm.Professionally lndspd,new draintile,water lines,sewer line,newer mid eff furnace.New wood shingles & hardy ext.

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Thursday, October 21, 2010

Just sold a home in Vancouver!

by Ben Chimes on Thu, Oct, 21, 2010 04:08 AM

Categories:Vancouver Real Estate

Congratulations to the happy buyers who have just purchased 2227 OAK ST in Vancouver!

See details here

DON'T LET THE ADDRESS FOOL YOU - very private & quiet house size (1700sf) townhome with direct parking access affording the utmost in comfort, style, location & space. Versatile light-filled floor plan offering rare 3 bedroom, 2 bathroom, & huge storage/flex space (media room?). Updated & renovated throughout with newer flooring, open kitchen with oak cabinets and counters. Huge master bedroom with a balcony and a beautiful ensuite bathroom. Gorgeous large rooftop deck with unobstructed views of mountains, park space, city Skyline & False Creek. Superb location, just steps to Granville Island, seawall, Canada Line, shopping & restaurants.

Read Full Story

Thursday, October 21, 2010

Just sold a home in Vancouver!

by Ben Chimes on Thu, Oct, 21, 2010 04:08 AM

Categories:Vancouver Real Estate

Congratulations to the happy buyers who have just purchased 2227 Oak ST in Vancouver!

See details here

DON'T LET THE ADDRESS FOLL YOU - very private & quiet house size (1700sf) townhome with direct parking access affording the utmost in comfort, style, location & space. Versatile light-filled floor plan offering rare 3 bedroom, 2 bathroom, & huge storage/flex space (media room?). Updated & renovated throughout with newer flooring, open kitchen with oak cabinets and counters. Huge master bedroom with a balcony and a beautiful ensuite bathroom. Gorgeous large rooftop deck with unobstructed views of mountains, park space, city Skyline & False Creek. Superb location, just steps to Granville Island, seawall, Canada Line, shopping & restaurants.

Read Full Story

Friday, September 3, 2010

Just sold a home in Vancouver!

by Ben Chimes on Fri, Sep, 3, 2010 04:09 AM

Categories:Vancouver Real Estate

Congratulations to the happy buyers who have just purchased 103 998 W 19th AVE in Vancouver!

See details here

Minutes to Downtown, shopping, restaurants & even Starbucks. SOUTHGATE PLACE has just recently been completely remediated & RAINSCREENED with new siding, windows, roof & interior common areas. This quiet, 2 bedroom, 2 bathroom GARDEN SUITE was stylishly renovated a few years ago & features an efficient layout with sleek slate tile floors, honed granite counters, SS appliances, modern cabinetry & closet organizers, crown moulding, & contemporary renovated bathrooms. There is tons of insuite storage, alarm system, 1 parking & an additional storage locker. 1 cat allowed but, sorry, no rentals or BBQ(due to new envelope warranty). This is the BEST VALUE on the Westside, don't miss it!

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Vancouver Real Estate Market Update Newsletter April 2012

Market Update

April 2012

MARKET STATISTICS

STAY ON TOP OF THE Market

218 - 237 East 4th Ave.

1906 - 120 Milross ave.

12-960 W13th ave.

Just sold a home in Vancouver!

Just sold a home in Vancouver!

Vancouver Real Estate Market Update Newsletter March 2011

Market Update

GET CONNECTED

MARKET STATISTICS

STAY ON TOP OF THE Market

Featured Listings

344 E 34th

4273 W. 10th Ave

#2101 - 188 Keefer

December 2010 Market Update Newsletter

Market Update

Vancouver West - Attached Statistics

Vancouver West - Attached Graph

Vancouver West - Detached Statistics

Vancouver West - Detached Graph

Vancouver East - Attached Statistics

Vancouver East - Attached Graph

Vancouver East - Detached Statistics

Vancouver - East Detached Graph

Vancouver Downtown Statistics

Vancouver Downtown Graph

In this issue

Featured Listings

Just sold a home in Vancouver!

Just sold a home in Vancouver!

Just sold a home in Vancouver!

Just sold a home in Vancouver!

Just sold a home in Vancouver!

Quick Search

1 Bedrooms

2 Bedrooms

Townhouses

Houses

Luxury

Loft Spaces

Live/Work Spaces

Latest Blog Posts

New listing in Yaletown, Vancouver West

Just sold a home in West End VW, Vancouver West

New listing in Kitsilano, Vancouver West

Just sold a home in Kitsilano, Vancouver West

Vancouver Real Estate Market Update Newsletter May 2012