Blog › February 2015

New Listing # 608 7225 ACORN AV, Burnaby, British Columbia


V1109198 - 608 - 7225 Acorn Ave, Burnaby, British Columbia, CANADAView my new listing for sale at 608 - 7225 Acorn Ave, Burnaby and currently listed at $379,500.

Spectacular 2 bed suite with a mountain & Fraser Rover Valley view. Bright & quiet West facing with an open floor plan. The spacious kitchen features stainless appliances, granite countertops, built-in microwave and a breakfast bar. Large bathroom with his & her vanities & a soaker tub. Includes in suite washer & dryer. Comes with 2 secured full sized parking stalls, 1 storage locker & covered patio. Conveniently located within steps of High Gate Village, Save-On Foods, Shoppers Drug Mart, Starbucks & Edmonds Skytrain station. Amenities include a gym, recreation room, rooftop garden, playground & secured visitor parking. Excellent value for investors or home owners. Rentals & pets allowed. Tenant pays $1500.

New Listing 107 - 1210 W 8th Ave, Vancouver, British Columbia


V1107436 - 107 - 1210 W 8th Ave, Vancouver, British Columbia, CANADAView my new listing for sale SOLD at 107 - 1210 W 8th Ave, Vancouver and currently listed at $459,000.SOLD

This spacious 2 bedroom home is located on an elevated courtyard & features a large & very private hedged outdoor patio & windows in 3 directions. You'll appreciate the open kitchen with ample cupboards & counter space, new black appliances & clean white cupboards. This charming suite has an appealing layout & has been renovated with warm paint tones, bamboo flooring. Located within easy walking distance of shops on Broadway & Granville, Granville Island Market & Charlestone Park. This home offers both great space & lifestyle options. The building has been RAINSCREENED for your peace of mind, has an exercise area, sauna & one parking stall included. Pets & RENTALS ALLOWED!

Recently Sold Listing 1926 154th Street, Surrey, British Columbia


F1426715 - 1926 154th Street, Surrey, British Columbia, CANADAI have just recently sold this listing at 1926 154th Street, Surrey.

Recently Sold Listing 109 - 7580 S Minoru Blvd, Richmond, British Columbia


V1100270 - 109 - 7580 S Minoru Blvd, Richmond, British Columbia, CANADAI have just recently sold this listing at 109 - 7580 S Minoru Blvd, Richmond.

Recently Sold Listing 313 1182 W 16th Str, North Vancouver, BC


exclusive, new development - 313 1182 W 16th Str, North Vancouver, BC, CANADAI have just recently sold this listing at 313 1182 W 16th Str, North Vancouver.

Recently Sold Listing 1907 COLODIN CS, Port Coquitlam, British Columbia


V1096753 - 1907 COLODIN CS, Port Coquitlam, British Columbia, CANADAI have just recently sold this listing at 1907 COLODIN CS, Port Coquitlam.

Vancouver Hot Market. Homes Reduced Selection. February 2015 Real Estate Update


Home buyers remain active despite reduced selection

The first month of 2015 saw home sale activity above historical norms, while the number of homes listed for sale trended below typical levels.
   
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,913 on the Multiple Listing Service® (MLS®) in January 2015. This represents an 8.7 per cent increase compared to the 1,760 sales recorded in January 2014, and a 9.6 per cent decline compared to the 2,116 sales in December 2014.

Last month’s sales were 14.9 per cent above the 10-year sales average for the month.

“While demand remains steady, we’re seeing fewer homes for sale at the moment,” Ray Harris, REBGV president, said. "This is creating greater competition amongst buyers, particularly in the detached home market. The number of detached homes listed for sale today is the second lowest we’ve seen in four years.”
   
New listings for detached, attached and apartment properties in Metro Vancouver(1) totalled 4,737 in January. This represents an 11.4 per cent decline compared to the 5,345 new listings reported in January 2014.
   
Last month’s new listing count was 1.2 per cent higher than the region’s 10-year new listing average for the month.
   
The total number of properties currently listed for sale on the REBGV MLS® is 10,811, a 14.2 per cent decline compared to January 2014 and a 4.8 per cent increase compared to December 2014.

The MLS® Home Price Index(2) composite benchmark price for all residential properties in Metro Vancouver is currently $641,600. This represents a 5.5 per cent increase compared to January 2014.

With the sales-to-active-listings ratio at 17.7 per cent, the region remains in balanced market territory.

“The Bank of Canada’s recent announcement to lower its benchmark interest rate is an important one for home buyers, sellers and owners to note,” Harris said. “A reduced rate could allow you to pay down your mortgage a little faster, save some money on your monthly payments, or change the amount you qualify for. It’s important that you do your homework and understand how these announcements impact your situation.”

Sales of detached properties in January 2015 reached 781, an increase of 7.3 per cent from the 728 detached sales recorded in January 2014, and a 44.1 per cent increase from the 542 units sold in January 2013. The benchmark price for a detached property in Metro Vancouver increased 8.4 per cent from January 2014 to $1,010,000.

Sales of apartment properties reached 809 in January 2015, an increase of 7.4 per cent compared to the 753 sales in January 2014, and an increase of 40.5 per cent compared to the 576 sales in January 2013. The benchmark price of an apartment property increased 2.5 per cent from January 2014 to $382,800.

Attached property sales in January 2015 totalled 323, an increase of 15.8 per cent compared to the 279 sales in January 2014, and a 38.6 per cent increase from the 233 attached properties sold in January 2013. The benchmark price of an attached unit increased 4.3 per cent between January 2014 and 2015 to $479,600.

Download the compete stats by clicking here.