Thursday, November 8, 2012

BLOCK 100 by ONNI - New Development in False Creek South


Block 100 Condos

Modern Design. Optimum Value. A World Class Community. The new Southeast False Creek Vancouver Block 100 Condos is a new Onni development that will be positioned centrally on the 100 block of East 1st Avenue between Quebec Street and Main Street. Block 100 is a new community located in the Southeast False Creek district, one of the city’s newest and most exciting neighbourhoods.
The preconstruction Vancouver Block 100 Condos by Onni will be launching Fall 2012. Southeast False Creek Vancouver real estate starting from just $268,900, so take advantage of this ground level opportunity as a first time homebuyer or investor! Just 1 minute from the Seawall/waterfront, 2 minutes from the brand new Urban Fare and three minutes from the SkyTrain route that connects you to all places in the Lower Mainland, the False Creek Vancouver Block 100 Condos by Onni is the perfectly situated development that you must see to believe!

FACT SHEET

Buyer incentives for a limited time:
  • Studio/1 bedroom/ 1 bedroom +den - $5,000 off
  • 1 bedroom townhomes - $7,500 off
  • 2 bedrooms - $10,000 off
Estimated completion: Late 2015/ Early 2016
Deposit: Total of 20% down:
  • 5% at offer
  • 5% 60 days after acceptance
  • 5% 10 days from BP
  • 5% 180 days from BP
Strata Fees: $0.37/sf
Architecture: Designed by Chris Dikeakos Architecture Block 100 is comprised of three concrete buildings; Quebec Block at 15-storeys, Central Block at 5 storeys with townhomes at grade, and Main Block at 10-storeys with retail at grade.
PRICING
TYPE
SIZE RANGE
STARTING FROM
STUDIO
445 - 510 SF
$268,900
1 BEDROOM
545 - 1040 SF
$344,900
1 BEDROOM TOWNHOMES
720 - 765 SF
$507,900
2 BEDROOM
820 - 1135 SF
$534,900




Contact Sanjin Cvetkovic directly for more information at 604-771-6415 or sanjin.cvetkovic@century21.ca 

Saturday, November 3, 2012

Housing market sees slight changes in October

The Greater Vancouver housing market saw a slight increase in the number of home sales, a slight reduction in the number of listings, and a slight decrease in home prices in October compared to the summer months. With those changes, the sales-to-active-listings ratio increased to 11 per cent in October from 8 per cent in September.

The Real Estate Board of Greater Vancouver (REBGV) reported 1,931 residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) in October, a 16.7 per cent decline compared to the 2,317 sales in October 2011 and a 27.4 per cent increase compared to the 1,516 home sales in September 2012.

October sales were 28.5 per cent below the 10-year October sales average of 2,700.
“Buyer demand increased slightly in October compared to the previous few months,” Sandra Wyant, REBGV president-elect said. “Overall conditions in today’s market remain in favour of buyers, with low interest rates, more choice, and less time pressure in terms of decision-making. This translates into a calmer atmosphere for those looking to buy a home and it places more onus on sellers to ensure their homes are priced to compete in today’s marketplace.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,323 in October. This represents a 1.2 per cent decline compared to October 2011 when 4,374 properties were listed for sale on the MLS® and an 18.8 per cent decline compared to the 5,321 new listings in September 2012.

At 17,370, the total number of residential property listings on the MLS® increased 12 per cent from this time last year and declined 5.3 per cent compared to September 2012.
Since reaching a peak of $625,100 in May, the MLS Home Price Index® (MLS HPI®) composite benchmark price for all residential properties in Greater Vancouver declined 3.4 per cent to $603,800 in October. This represents a 0.8 per cent decline compared to last year.

“There’ve been modest price changes since they peaked in the spring. The largest reductions have occurred in the areas and property types that experienced the biggest price increases over the last few years,” Wyant said.

Since hitting a record high in April, the benchmark price of a detached home on the Westside of Vancouver has declined 8.6 per cent while detached homes in Richmond and West Vancouver have seen declines of 6 per cent over the same time period.

Sales of detached properties in Greater Vancouver reached 790 in October, a decrease of 18.9 per cent from the 974 detached sales recorded in October 2011, and a 19.1 per cent decrease from the 976 units sold in October 2010. Since reaching a peak in May, the benchmark price for a detached property in Greater Vancouver has declined 4.1 per cent to $927,500.

Sales of apartment properties reached 803 in October 2012, a 16.2 per cent decrease compared to the 958 sales in October 2011, and a decrease of 18.4 per cent compared to the 984 sales in October 2010. Since reaching a peak in May, the benchmark price for an apartment property in Greater Vancouver has declined 2.9 per cent to $368,800.

Attached property sales in October 2012 totalled 338, an 11.5 per cent decrease compared to the 382 sales in October 2011, and a 10.3 per cent decrease from the 377 attached properties sold in October 2010. Since reaching a peak in April, the benchmark price for an attached property in Greater Vancouver has declined 2.9 per cent to $457,700.