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We are proud to announce that this Sep 23rd, 2:00 PM to 4:00 PM we will be hosting an Open House at 5638 WALLACE STREET in the Dunbar neighborhood, Vancouver West. This is an opportunity to visit this excellent House for sale in beautiful Dunbar.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Dunbar House 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 House for sale, 5638 WALLACE STREET, Dunbar, Vancouver West, BC

Prestigious DUNBAR! Live in one of Vancouver’s most sought after neighbourhoods. Like NEW. This house was completely rebuilt & extended in 1997 by Formwerks Architectural. In addition, this elegant home has $400K of upgrades which was finished fall of 2017: new plumbing, flooring, lights, in ceiling speakers, in floor heating in baths, repurposed basement, Caesarstone and much more - from the Italian marble used in the Master ensuite to the handmade backsplash in the kitchen, every detail was carefully planned by a team of interior designers. 3 spacious beds upstairs have soaring vaulted ceilings with window seating. Family room features beautiful cathedral windows that showcase the private & professionally landscaped English Garden backyard. A must see! OPEN HOUSE: Sun, Sept 23rd 2-4pm

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I just finished uploading this Townhouse for sale, 9 8580 WESTMINSTER HIGHWAY, Brighouse, Richmond, BC

Rarely available 3 bedroom 2.5 bath townhouse in Central Richmond! This 1,460 sq ft 3 level home is perfect for first-time Buyers or those with a family. Numerous recent upgrades include Kitchen cupboards and backsplash, some newer Kitchen appliances, laminate and tile flooring on main floor, custom paint colours, newer lighting fixtures, ceiling fan and hot water tank. The living room features a cozy wood burning fireplace and high ceilings. You’ll love the quiet & private outdoor yard just off the dining area. Comes with 2 parking stalls at front of building. No pet or rental restrictions. Just steps to Richmond Centre, Public Market and the Canada Line. Catchment schools are Cook and MacNeill.

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The stats from the Real Estate Board of Greater Vancouver has just been released for August.Please take a read below and let me know if you have any questions.

 

 Home Buyer Demand Stays Below Historical Averages in August

VANCOUVER, BC – September 5, 2018 – The Metro Vancouver* housing market continues to experience reduced demand across all housing types.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales recorded in August 2017, and a 6.8 per cent decline compared to July 2018 when 2,070 homes sold.

Last month’s sales were 25.2 per cent below the 10-year August sales average.

“Home buyers have been less active in recent months and we’re beginning to see prices edge down for all housing types as a result,” Phil Moore, REBGV president said. “Buyers today have more listings to choose from and face less competition than we’ve seen in our market in recent years.”

There were 3,881 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2018. This represents an 8.6 per cent decrease compared to the 4,245 homes listed in August 2017 and an 18.6 per cent decrease compared to July 2018 when 4,770 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,824, a 34.3 per cent increase compared to August 2017 (8,807) and a 2.6 per cent decrease compared to July 2018 (12,137).

The sales-to-active listings ratio for August 2018 is 16.3 per cent. By housing type, the ratio is 9.2 per cent for detached homes, 19.4 per cent for townhomes, and 26.6 per cent for apartments.
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.

“With fewer buyers active in the market, benchmark prices across all three housing categories have declined for two consecutive months across the region,” Moore said.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,083,400. This represents a 4.1 per cent increase over August 2017 and a 1.9 per cent decrease since May 2018.

Sales of detached properties in August 2018 reached 567, a 37.1 per cent decrease from the 901 detached sales recorded in August 2017. The benchmark price for detached properties is $1,561,000. This represents a 3.1 per cent decrease from August 2017 and a 2.8 per cent decrease since May 2018.

Sales of apartment properties reached 1,025 in August 2018, 36.5 per cent decrease compared to the 1,613 sales in August 2017. The benchmark price of an apartment property is $695,500. This represents a 10.3 per cent increase from August 2017 and a 1.6 per cent decrease since May 2018.

Attached property sales in August 2018 totalled 337, a 36.3 per cent decrease compared to the 529 sales in August 2017. The benchmark price of an attached unit is $846,100. This represents a 7.9 per cent increase from August 2017 and a 0.8 per cent decrease since May 2018.

 

 

 

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