Thursday, August 22, 2013

Housing Market Picking Up Steam: BCREA 2013 Third Quarter Housing Forecast Update

Vancouver, BC – August 22, 2013. The British Columbia Real Estate Association (BCREA) released its 2013 Third Quarter Housing Forecast Update today.

 

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 3.9 per cent to 70,300 units this year, before increasing a further 6.1 per cent to 74,600 units in 2014. The five-year average is 74,600 unit sales, while the ten-year average is 86,800 unit sales. A record 106,300 MLS® residential sales were recorded in 2005.

 

"After a marked pull back of consumer demand in 2012, the housing market is now transitioning to more elevated home buying activity,” said Cameron Muir, BCREA Chief Economist. “However, the effect of sluggish employment growth this year is expected to spill over into 2014, limiting housing demand to a 6 per cent increase, with total home sales matching the 5 year average."  

 

"The average MLS® residential price in the province has been revised from remaining unchanged to increasing 3.3 per cent to $531,700 this year. A stronger than expected decline in the inventory of homes for sale has created balanced market conditions in the Lower Mainland, causing home prices to align more closely with overall consumer price inflation,” added Muir. The average MLS® residential price in BC is forecast to increase 2.2 per cent to 543,400 in 2014.


Tuesday, June 4, 2013

Spring months bring balance to Greater Vancouver housing market

While the number of home sales in Greater Vancouver continued to trend below the 10-year average in May, the balance of sales and listings meant continued market stability this spring.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,882 on the Multiple Listing Service® (MLS®) in May 2013. This represents a one per cent increase compared to the 2,853 sales recorded in May 2012, and a 9.7 per cent increase compared to the 2,627 sales in April 2013.

Last month’s sales were 19.4 per cent below the 10-year sales average for the month, while new listings for the month were 7.4 percent below the 10-year average.

“We’ve seen some steadying trends over the last three months,” Sandra Wyant, REBGV president said. “The number of homes listed for sale has been keeping pace with the number of property sales, leading to a balanced sales-to-listings ratio. This is having a stabilizing influence on home price activity.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,656 in May. This represents an 18.3 per cent decline compared to the 6,927 new listings reported in May 2012 and a 3.7 per cent decline from the 5,876 new listings in April of this year.

The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 17,222, a 3.4 per cent decrease compared to May 2012 and a 2.9 per cent increase compared to April 2013.

The sales-to-active-listings ratio currently sits at 17 per cent in Greater Vancouver. This is the third straight month that this ratio has been above 15 per cent. Previous to this, May 2012 was the last time this ratio was above 15 per cent.

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $598,400. This represents a decline of 4.3 per cent compared to this time last year and an increase of 1.8 per cent compared to January 2013.

Sales of detached properties reached 1,212 in May 2013, an increase of 2.7 per cent from the 1,180 detached sales recorded in May 2012, and a 22.8 per cent decrease from the 1,570 units sold in May 2011. The benchmark price for detached properties decreased 5.2 per cent from May 2012 to $917,200.

Sales of apartment properties reached 1,136 in May 2013, a decline of 1.7 per cent compared to the 1,156 sales in May 2012, and a decrease of 7.5 per cent compared to the 1,228 sales in May 2011. The benchmark price of an apartment property decreased 3.7 per cent from May 2012 to $365,600.

Attached property sales in May 2013 totalled 534, an increase of 3.3 per cent compared to the 517 sales in May 2012, and a 7.8 per cent decrease from the 579 attached properties sold in May 2011. The benchmark price of an attached unit decreased 3.2 per cent between May 2012 and 2013 to $454,900.

Thursday, May 9, 2013

Gastown Livining at 33 - #605 33 W PENDER ST

Residential Attached at 605 33 PENDER Street West Vancouver

Search All MLS Listings  |  See More Listings  |  See Full Listing Details

Description:

Built in 2008, this gorgeous 1-level, 1 bed modern loft sprawls over 747sf of living space including 30sf N facing outdoor balcony off bedroom, 1 parking and 1 storage and southern exposure living with all day natural light. It will impressthe most sophisticated buyer, featuring 12'x24' mustang black slate tile flooring throughout, 10ft ceilings, in-suite laundry and storage with additional above ceiling space, modern kitchen with KitchenAid s/s appliances and black granite countertops, movable center island, teak cabinetry, gas stove and a 4-piece bathroom offering separate frameless glass shower. Well maintained building located within walking distance of Tinseltown, coffee shops, T&T, skytrain. No rental or pet restrictions.

Building Information

Please click HERE for more information about 33 W Pender Street building


$454,900 - 605 33 PENDER Street West Vancouver (Vancouver West, Downtown VW) V6B 0E5

Price: $454,900
Bedrooms: 1
Bathrooms: 1.0
Year Built: 2008
MLS® Number: V995145
 
Full property details here
Property Type: Residential Attached
Total Liv. Area: 747 sq. ft.
Location: Vancouver West, Downtown VW


Floor Type Dimensions
Main F. Living Room 14'4 x 11'10
Main F. Dining 12'4 x 7'2
Main F. Kitchen 12'4 x 7'2
Main F. Bedroom 7'9 x 7'3
Main F. Other 23'7 x 4'

For inquiries, please contact:
SANJIN CVETKOVIC
CENTURY 21 IN TOWN REALTY
1 (604) 771-6415
http://vancouver-properties.ca

Brava Condo - 506-1199 Seymour Street

Residential Attached at 506 1199 SEYMOUR Street Vancouver

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Description:

Located in Downtown area of Vancouver West, at the crossroadsof Seymour Street and Davie Street, Brava isjust one block away from Emery Barnes Park, next door to Scotia bank Dance Center and home to Vancouver International Film Center which houses public facilities including a 170+ seat theatre, multi-media art gallery, meeting rooms, exhibition space, screening rooms, editing facilities and a lobby concession. Brava is three blocks away from the trendiest restaurants and clubs in the heart of Yaletown.

Brava is a large development encompassing nearly a full city block that consists of twin concrete and glass towers. Amacon Development quality built Brava Tower 1 in 2005. This 35-level building has full rain screen. There are 420 units in development and in strata.

Brava offers great amenities that include equipped fitness gym, private women's and men's change rooms with showers and lockers, a steam room, an outdoor 75' lap pool, a hot tub, and landscaped garden terrace, an outdoor warm-water dog/bike wash, lobby billiards lounge, and audio-video entertainment center, a social lounge with bar, a parents room and outdoor children's play area, guest suites and on-site caretaker.

This building also features a floor specific access, a lobby enter-phone with security camera, a well-lit underground parking with access security gate and video surveillance,24-hour security patrol and weather engineered window systems for your peace of mind.

BRAVA BUILDING PAGE click here

This beautiful 1 bedroom condo faces south, overlooking a park, and features : the bathroom with soaker tub, Maple vanity cabinets, granite countertops, above-counter wash basins, chrome single lever faucets and large beveled mirror, kitchen with granite countertops, full-height Maple Cabinetries, breakfast bar island, double stainless steel sinks,Chrome single lever faucets, tile backsplashes, stainless steel Whirlpool appliances : glass top range with ovens,5 cycle dishwashers, microwave with a hood fan, fridge/freezer and halogen track lighting, living room withlaminate flooring,12"x12" tile in hallway and sunroom, full height windows, electric fireplace and solid wood baseboards.

Located in the heart of Yaletown, steps to entertainment, shopping and transportation, this 644 sf condo will impress even the pickiest buyers. Comes with, 1 underground parking and storage locker.

Club Brava (on the 4th floor):

  • Equipped fitness gym Private women's and men's change rooms with showers and lockers
  • Steam room Outdoor 75' lap pool, hot tub, and landscaped garden terrace
  • Outdoor warm-water dog/bike wash
  • Lobby billiards lounge Audio-video entertainment center
  • Social lounge with bar Parents room and outdoor children's play area (unsupervised)
  • Guest suites
  • On-site caretaker

Maintenance Fees Include

  • Caretaker
  • Garbage Pickup
  • Gardening
  • Hot Water
  • Management
  • Recreation Facility

Restrictions

  • Rentals Allowed
  • Pets Allowed with Restrictions
  • # of pets - 2

Building Information

  • Developer: Amacon Development
  • Architect: HEWITT + COMPANY Architecture

HD VIDEO link here


$444,888 - 506 1199 SEYMOUR Street Vancouver (Vancouver West, Downtown VW) V6B 1K3

Price: $444,888
Bedrooms: 1
Bathrooms: 1.0
Year Built: 2005
MLS® Number: V1002489
 
Full property details here
Property Type: Residential Attached
Total Liv. Area: 644 sq. ft.
Location: Vancouver West, Downtown VW


Floor Type Dimensions
Main F. Living Room 11'5 x 10'
Main F. Kitchen 11'1 x 9'
Main F. Dining 11'5 x 6'3
Main F. Den 4'5 x 7'2
Main F. Office 4'5 x 6'11
Main F. Bedroom 11' x 9'7

For inquiries, please contact:
SANJIN CVETKOVIC
CENTURY 21 IN TOWN REALTY
1 (604) 771-6415
http://vancouver-properties.ca