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We are proud to announce that this Nov 18th, 1:00 PM to 4:00 PM we will be hosting an Open House at 1605 3008 GLEN DRIVE in M TWO in the North Coquitlam neighborhood, Coquitlam. This is an opportunity to visit this excellent Condo for sale in beautiful North Coquitlam.

Please come with any questions you may have. In the meantime you can take a virtual tour of this North Coquitlam Condo for sale.

As always please do not hesitate to give me a call at 604.644.1044 if I can answer any questions before the open house, or if you would like to book a private showing.

Alisa Sakamoto
REALTOR® RE/MAX WESTCOAST

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We are proud to announce that this Nov 11th, 2:00 PM to 4:00 PM we will be hosting an Open House at 1277 NELSON STREET in THE JETSON in the West End VW neighborhood, Vancouver West. This is an opportunity to visit this excellent Condo for sale in beautiful West End VW.

Please come with any questions you may have. In the meantime you can take a virtual tour of this West End VW Condo for sale.

As always please do not hesitate to give me a call at 604.644.1044 if I can answer any questions before the open house, or if you would like to book a private showing.

Alisa Sakamoto
REALTOR® RE/MAX WESTCOAST

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I just finished uploading this Condo for sale, 1605 3008 GLEN DRIVE, North Coquitlam, Coquitlam, BC

MTwo – located at the highest point in Coquitlam Centre w/ PANORAMIC views of the mountains & city! This spacious & bright 1 bdrm CORNER unit is perfect for entertaining! Open concept featuring the famous Cressey Kitchen w/ full height cabinetry, high-end finishings, gas stove, granite counters & wine fridge. Includes an integrated workstation, laminate flooring & spa-like bath. Amazing amenities: gym, outdoor terrace w/ BBQ area, lounge w/ wet bar & pool table. Conveniently situated near the West Coast Express train & Evergreen line. Just steps to Coquitlam Centre, T&T Supermarket, Community Center, restaurants & much more! Closest parking & locker location! Great for investment & first time homeowners! Don't miss out this amazing find – showing Nov 15 2-6:30p, call to book a viewing

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The stats from the Real Estate Board of Greater Vancouver have been released for October.  The growth in our provincial economy and job market is contributing to today’s demand. The federal government’s announcement of plans to tighten mortgage requirements for the seventh time in the last eight years also helped spur activity in the short term. Many buyers are trying to enter the market before the changes are in place January 2018.  

Please take a read below and let me know if you have any questions, I look forward to helping you!


 

October Sales Exceed Historical Average

VANCOUVER, BC – November 2, 2017 – Metro Vancouver home sales exceeded typical historical levels in October with the majority concentrated in the townhouse and apartment markets.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,022 in October 2017, a 35.3 per cent increase from the 2,233 sales recorded in October 2016, and an increase of 7.1 per cent compared to September 2017 when 2,821 homes sold.

Last month’s sales were 15 per cent above the 10-year October sales average.

“Conditions continue to vary significantly based on property type. The detached home market is well supplied with homes for sale, which is relieving pressure on prices,” Jill Oudil, REBGV president said. “It remains a much different story in the townhouse and apartment markets. Buyers of these properties continue to have limited supply to choose from and are seeing upward pressure on prices.”

There were 4,539 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2017. This represents a 14 per cent increase compared to the 3,981 homes listed in October 2016 and a 15.6 per cent decrease compared to September 2017 when 5,375 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,137, a 0.1 per cent decrease compared to October 2016 (9,143) and a 3.5 per cent decrease compared to September 2017 (9,466).

For all property types, the sales-to-active listings ratio for October 2017 is 33.1 per cent. By property type, the ratio is 16.8 per cent for detached homes, 44.8 per cent for townhomes, and 66 per cent for condominiums.

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.

“The growth in our provincial economy and job market is contributing to today’s demand,” Oudil said. “The federal government’s announcement of plans to tighten mortgage requirements for the seventh time in the last eight years also helped spur activity in the short term. Many buyers are trying to enter the market before the changes are in place.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,042,300. This represents a 12.4 per cent increase over October 2016 and a 0.5 per cent increase compared to September 2017.

Sales of detached properties in October 2017 reached 940, a 44.2 per cent increase from the 652 detached sales recorded in October 2016 and a 34.6 per cent decrease from the 1,437 sales in October 2015. The benchmark price for detached properties is $1,609,600. This represents a four per cent increase from October 2016 and a 0.5 per cent decrease compared to September 2017.

Sales of apartment properties reached 1,532 in October 2017, a 30.1 per cent increase compared to the 1,178 sales in October 2016 and a 0.7 per cent decrease from the 1,543 sales in October 2015. The benchmark price of an apartment property is $642,000. This represents a 22.7 per cent increase from October 2016 and a one per cent increase compared to September 2017.

Attached property sales in October 2017 totalled 550, a 36.5 per cent increase compared to the 403 sales in October 2016 and a 17.4 per cent decrease from the 666 sales in October 2015. The benchmark price of an attached unit is $802,400. This represents a 17.7 per cent increase from October 2016 and a two per cent increase compared to September 2017.

                                           Click here to download the complete stats package.
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I just finished uploading this Condo for sale, 706 1277 NELSON STREET, West End VW, Vancouver West, BC

THE JETSON – A stylish, modern Georgia Award winning building in the West End. Centrally located a few mins walk of English Bay, Stanley Park, Coal Harbor, Yaletown & the downtown core. MOVE IN READY 1 bdrm & den (den can be used as a 2nd bdrm) END unit located on a beautiful tree lined street offering peak-a-boo views of English Bay, the mountains & city from your huge windows! Features newer laminate floors, tile, paint, stove, & brand new FULL SIZE in-suite washer/dryer. Spacious & private open floor plan w/ in-suite storage, parking, locker, caretaker, gym, sauna & visitor parking! Proactive Strata & well maintained building: re-piped in 2013, healthy CRF, updated lobby & hallways. No Pets. Rentals allowed. Perfect place to call home or a great investment! SNEAK PEEK Nov 5 5:30-7pm

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