Blog › March 2019

Check the recently listed property by Oleg Tsaryov.

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Two open houses at 933 Seymour Str. Call Vancouver Realtor Oleg Tsaryov at 604-719-4490


tsaryov oleg feature sheets 11x17 213 933 seymour street mar 2019 1 a 1112   933 seymour st floor plan 85 x 11 1



Recently Sold Listing 1904 - 680 Seylynn Crescent, North Vancouver, BC


R2340952 - 1904 - 680 Seylynn Crescent, North Vancouver, BC, CANADAI have just recently sold this listing at 1904 - 680 Seylynn Crescent, North Vancouver.

Availability of newly built and presale condos skyrockets in Metro Vancouver.


All areas of Metro Vancouver saw a jump in inventory, but the increase was steepest in the ringed area defined as Inner Metro (which includes Burnaby, New Westminster, Richmond, West Vancouver, North Vancouver, South Delta, Tri-Cities and Squamish, but not the City of Vancouver).

However, only 99 of those 5,918 condo units were complete and move-in ready (described as “standing inventory”) at the end of 2018. When compared to the same quarter five years ago, this represents a 608-unit (86 per cent) decline in move-in ready concrete condominiums across Metro Vancouver. This suggests that demand over the past five years has increased sufficiently to absorb presale units before they are completed, even if the absorption rate is now slowing.

The number of available new wood-framed condo units, which are studied separately in the report, did not climb as much as concrete condos, but they account for a much smaller share of the market.

What it costs to build condo in Canada?  In the city of Vancouver, where an acre zoned for high-density residential can top $40 million, the average price of a new high-rise condo apartment is now $1,345 per square foot, up 39 per cent from a year ago.

The construction costs presented here represent hard costs only, and do not include soft costs, such as legal and insurance costs, government fees, financing costs, environmental costs, property taxes, marketing and sales costs and commissions, or the developer profit.

What would be the cost to build single family home in Greater Vancouver? Definietly the cost depends on the area, landscaping needs, size of the house... Call Oleg Tsaryov for consulation.

 



Buyer's Market? More traffic at open houses...More sales...


The Metro Vancouver housing market saw increased supply from home sellers and below average demand from home buyers in February.

 

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Residential home sales in the region totalled 1,484 in February 2019, a 32.8 per cent decrease from the 2,207 sales recorded in February 2018, and a 34.5 per cent increase from the 1,103 homes sold in January 2019.

Last month’s sales were 42.5 per cent below the 10-year February sales average.

Home buyers face less competition today, have more selection to choose from and more time to make their decisions.

3,892 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2019. This represents a 7.8 per cent decrease compared to the 4,223 homes listed in February 2018 and a 19.7 per cent decrease compared to the 4,848 homes listed in January 2019.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,590, a 48.2 per cent increase compared to February 2018 (7,822) and a 7.2 per cent increase compared to January 2019 (10,808).

For all property types, the sales-to-active listings ratio for February 2019 is 12.8 per cent.

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.

Homes priced well for today’s market are attracting interest, however, buyers are choosing to take a wait-and-see approach for the time being. REALTORS® continue to experience more traffic at open houses. We’ll see if this trend leads to increased sales activity during the spring market.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,016,600. This represents a 6.1 per cent decrease over February 2018, a 6.2 per cent decrease over the past six months, and a 0.3 per cent decrease compared to January 2019.

Sales of detached homes in February 2019 reached 448, a 27.9 per decrease cent from the 621 detached sales recorded in February 2018. The benchmark price for detached properties is $1,443,100. This represents a 9.7 per cent decrease from February 2018, a 7.6 per cent decrease over the past six months, and a 0.7 per cent decrease compared to January 2019.

Sales of apartment homes reached 759 in February 2019, a 35.9 per cent decrease compared to the 1,185 sales in February 2018. The benchmark price of an apartment property is $660,300. This represents a four per cent decrease from February 2018, a 5.1 per cent decrease over the past six months, and a 0.3 per cent increase compared to January 2019.

Attached home sales in February 2019 totalled 277, a 30.9 per cent decrease compared to the 401 sales in February 2018. The benchmark price of an attached unit is $789,300. This represents a 3.3 per cent decrease from February 2018, a 6.7 per cent decrease over the past six months, and a 1.4 per cent decrease compared to January 2019.

Please call Oleg Tsaryov, Realtor in Vancouver to get more detailed information. Oleg Tsaryov 604-719-4490.

Information provided by Real Estate Board of Greater Vancouver.



Recently Sold Listing 213 - 933 Seymour Street, Vancouver, BC


R2345480 - 213 - 933 Seymour Street, Vancouver, BC, CANADAI have just recently sold this listing at 213 - 933 Seymour Street, Vancouver.

Recently Sold Listing 1112 - 933 Seymour Street, Vancouver, BC


R2345479 - 1112 - 933 Seymour Street, Vancouver, BC, CANADAI have just recently sold this listing at 1112 - 933 Seymour Street, Vancouver.

New Listing 1003 1925 ALBERNI STREET, Vancouver, BC


R2345418 - 1003 - 1925 Alberni Street, Vancouver, BC, CANADAView my new listing for sale at 1003 - 1925 Alberni Street, Vancouver and currently listed at $1,499,000.

1+ DEN. Den has huge windows & could be another bedroom. 'Laguna Parkside' luxury residences at the edge of Stanley Park & Coal Harbour. Enjoy views of the park, Lost Lagoon, marina, snowcapped North Shore mountains. All interiors boast top of the line Thermador stainless steel appliances, Solus stone fireplace surround, new hardwood flooring, A/C. Grand hotel style lobby with 24' ceilings, stunning crystal chandeliers. Extensive granite & mahogany finishing. Enjoy your own private health club like amenities. BC ASSESSMENT $1,647mln. RENTALS ALLOWED!

New Listing 1112 933 SEYMOUR STREET, Vancouver, BC


R2345479 - 1112 - 933 Seymour Street, Vancouver, BC, CANADAView my new listing for sale SOLD at 1112 - 933 Seymour Street, Vancouver and currently listed at $645,000.SOLD

If you want to be right downtown and in the thick of the action, then this is the loft building for you. The nicest suite at the SPOT, spectacular 2 level loft, NE corner unit (best side of the building), with 16' ceiling and 14' window on the main floor, updated kitchen with flexible movable center island, full size washer/dryer, closet organizer & and private balcony. There is a gym and common deck with BBQ on the second floor. PLUS, the entire roof of the building is a deck - you'll enjoy great views of the fireworks in July and August. Rental ALLOWED!

New Listing 213 933 SEYMOUR STREET, Vancouver, BC


R2345480 - 213 - 933 Seymour Street, Vancouver, BC, CANADAView my new listing for sale SOLD at 213 - 933 Seymour Street, Vancouver and currently listed at $576,000.SOLD

Fabulous 16 foot ceilings, in this coveted unit in The Spot. They don't build them like this anymore. This 2 level loft home features newer laminate throughout, new kitchen with S/S appliances, granite counter, soaring ceilings, m bdrm up with walk-in closet, in suite laundry, and a bonus 6 X 6 office/den space. Amazing amenities with live-in caretaker, gym, party room, bike room, visitor parking, and a 360 degree view roof top deck, & separate landscaped BBQ deck on the 2nd floor. Perfect location, concrete construction & concrete exterior finishing, flexible dates. Don't miss this opportunity. But no parking & no storage locker.

Recently Sold Listing 32 - 3127 Skeena Street, Port Coquitlam, BC


R2332482 - 32 - 3127 Skeena Street, Port Coquitlam, BC, CANADAI have just recently sold this listing at 32 - 3127 Skeena Street, Port Coquitlam.