I have listed a new property at 3345 11TH AVE W in Vancouver.
Kitsilano. Great big lot on a quiet tree lined street with a wonderful 1920's home. Currently a family occupied, legal, non conforming, three unit property. Lots of period features including brick fireplace, inset hardwood floors, hot water heat radiators, base, door mouldings and antique picture rail. South facing covered front porch leads to a foyer and the main floor unit with large living and dining room, kitchen, bath and two large bedrooms. Upstairs there are two bedrooms a den and kitchen. Downstairs is a garden suite with bright windows. Fully fenced backyard with oversized garage. 53x122 foot RS-5 zoned. Perfect for renovation, back to a family home, for a holding property with income or new construction for your dream home. In the heart of the Westside. YOU'LL LOVE IT!
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Please visit our Open House at 3345 11TH AVE W in Vancouver.
Open House on Sunday, August 28, 2016 2:00PM - 4:00PM
Kitsilano. Great big lot on a quiet tree lined street with a wonderful 1920's home. Currently a family occupied, legal, non conforming, three unit property. Lots of period features including brick fireplace, inset hardwood floors, hot water heat radiators, base, door mouldings and antique picture rail. South facing covered front porch leads to a foyer and the main floor unit with large living and dining room, kitchen, bath and two large bedrooms. Upstairs there are two bedrooms a den and kitchen. Downstairs is a garden suite with bright windows. Fully fenced backyard with oversized garage. 53x122 foot RS-5 zoned. Perfect for renovation, back to a family home, for a holding property with income or new construction for your dream home. In the heart of the Westside. YOU'LL LOVE IT!
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Please visit our Open House at 3345 11TH AVE W in Vancouver.
Open House on Tuesday, August 30, 2016 10:30AM - 12:00PM
Kitsilano. Great big lot on a quiet tree lined street with a wonderful 1920's home. Currently a family occupied, legal, non conforming, three unit property. Lots of period features including brick fireplace, inset hardwood floors, hot water heat radiators, base, door mouldings and antique picture rail. South facing covered front porch leads to a foyer and the main floor unit with large living and dining room, kitchen, bath and two large bedrooms. Upstairs there are two bedrooms a den and kitchen. Downstairs is a garden suite with bright windows. Fully fenced backyard with oversized garage. 53x122 foot RS-5 zoned. Perfect for renovation, back to a family home, for a holding property with income or new construction for your dream home. In the heart of the Westside. YOU'LL LOVE IT!
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I have listed a new property at 2037 ALLISON RD in Vancouver.
Set amid the storied backdrop of the UBC campus in Point Grey. This wonderful family home is located in one of Vancouver’s premier areas. Built in 1951 with oak hardwood floors and gorgeous inlay, it’s bright and spacious. Large principal rooms with formal living and dining. A full basement with recreation and family room. The over sized master bedroom could be converted back to give three bedrooms on the main. The kitchen has it’s own eating area and looks out to the generous backyard with swimming pool, mature gardens and apple tree. Two car garage and fully fenced private backyard. This is a secure investment for the future, a location for generations, and the ideal place to make your dream home. YOU'LL LOVE IT!
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Please visit our Open House at 2037 ALLISON RD in Vancouver.
Open House on Sunday, August 14, 2016 2:00PM - 4:00PM
Set amid the storied backdrop of the UBC campus in Point Grey. This wonderful family home is located in one of Vancouver’s premier areas. Built in 1951 with oak hardwood floors and gorgeous inlay, it’s bright and spacious. Large principal rooms with formal living and dining. A full basement with recreation and family room. The over sized master bedroom could be converted back to give three bedrooms on the main. The kitchen has it’s own eating area and looks out to the generous backyard with swimming pool, mature gardens and apple tree. Two car garage and fully fenced private backyard. This is a secure investment for the future, a location for generations, and the ideal place to make your dream home. YOU'LL LOVE IT!
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Please visit our Open House at 2037 ALLISON RD in Vancouver.
Open House on Tuesday, August 16, 2016 10:30AM - 12:00PM
Set amid the storied backdrop of the UBC campus in Point Grey. This wonderful family home is located in one of Vancouver’s premier areas. Built in 1951 with oak hardwood floors and gorgeous inlay, it’s bright and spacious. Large principal rooms with formal living and dining. A full basement with recreation and family room. The over sized master bedroom could be converted back to give three bedrooms on the main. The kitchen has it’s own eating area and looks out to the generous backyard with swimming pool, mature gardens and apple tree. Two car garage and fully fenced private backyard. This is a secure investment for the future, a location for generations, and the ideal place to make your dream home. YOU'LL LOVE IT!
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VANCOUVER, BC – August 3, 2016 – Metro Vancouver* homes sales resembled more typical
levels in July.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,226 in July 2016, a decrease of 18.9 per cent from the 3,978 sales recorded in July 2015 and a decrease of 26.7 per cent compared to June 2016 when 4,400 homes sold.

 

This is the first time since January that home sales in the region have registered below 4,000 in a month. “After several months of record-breaking sales activity, home buyer demand returned to more historically normal levels in July,” Dan Morrison, REBGV president said.

 

Last month’s sales were 6.5 per cent above the 10-year sales average for the month.

“Home sale activity showed some moderating signs in late June and this carried into July,” Morrison said. “We’ll wait and watch over the next few months to see if this marks the return of more normal market trends,”

 

New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,241 in July 2016. This represents a 2.5 per cent increase compared to the 5,112 units listed in July 2015 and a 10.8 per cent decrease compared to June 2016 when 5,875 properties were listed.

 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 8,351, a 27.4 per cent decline compared to July 2015 (11,505) and a 6.9 per cent increase compared to June 2016 (7,812).

 

The sales-to-active listings ratio for July 2016 is 38.6 per cent. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period of time.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $930,400. This represents a 32.6 per cent increase compared to July 2015.

Sales of detached properties in July 2016 reached 1,077, a decrease of 30.9 per cent from the 1,559 detached sales recorded in July 2015. The benchmark price for detached properties increased 38 per cent from July 2015 to $1,578,300.

 

Sales of apartment properties reached 1,602 in July 2016, a decrease of 7.3 per cent compared to the 1,729 sales in July 2015.The benchmark price of an apartment property increased 27.4 per cent from July 2015 to $510,600.

 

Attached property sales in July 2016 totalled 547, a decrease of 20.7 per cent compared to the 690 sales in July 2015. The benchmark price of an attached unit increased 29.4 per cent from July 2015 to $669,000.

July 2016 REBGV Graph

 

Download The Full Market Report Here

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