Rarely available Francis Court! Feels like a house! Duplex style end unit townhome, Quality built by Siperko and Innes. Lots of windows, good size private yard, side by side double garage. Main floor has large kitchen with separate eating area, formal dining room, oversized living room, a bedroom and a full bathroom. it has had many renovations done, paint throughout, laminate flooring, carpet, light fixtures, granite countertops ,and new bathrooms. Open house 2pm to 4pm Dec 9&10.
The stats from the Real Estate Board of Greater Vancouver have been released for October. Please take a read below and let me know if you have any questions!
Home Buyer Activity Increases in October
VANCOUVER, BC – November 4, 2019 – The Metro Vancouver housing market is experiencing a fall pickup in home sale activity.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,858 in October 2019, a 45.4 per cent increase from the 1,966 sales recorded in October 2018, and a 22.5 per cent increase from the 2,333 homes sold in September 2019.
Last month’s sales were 9.8 per cent above the 10-year October sales average.
“Home buyers have more confidence today than we saw in the first half of the year,” says Ashley Smith, REBGV president. “With prices edging down over the last year and interest rates remaining low, hopeful home buyers are becoming more active this fall.”
There were 4,074 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2019. This represents a 16.4 per cent decrease compared to the 4,873 homes listed in October 2018 and a 16.3 per cent decrease compared to September 2019 when 4,866 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,236, a 5.8 per cent decrease compared to October 2018 (12,984) and a nine per cent decrease compared to September 2019 (13,439).
For all property types, the sales-to-active listings ratio for October 2019 is 23.4 per cent. By property type, the ratio is 17.3 per cent for detached homes, 26.2 per cent for townhomes, and 29 per cent for apartments.
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
“The recent uptick in home sales is moving us into a more historically typical market,” Smith said. “Both sale and listing activity is trending around our long-term averages in recent months.”
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $992,900. This represents a 6.4 per cent decrease from October 2018, a 1.7 per cent decrease over the past six months, and a 0.2 per cent increase compared to September 2019.
Sales of detached homes in October 2019 reached 938, a 47.3 per cent increase from the 637 detached sales recorded in October 2018. The benchmark price for a detached home is $1,410,500. This represents a 7.5 per cent decrease from October 2018, a 1.3 per cent decrease over the past six months, and a 0.3 per cent increase compared to September 2019.
Sales of apartment homes reached 1,384 in October 2019, a 40.5 per cent increase compared to the 985 sales in October 2018. The benchmark price of an apartment home is $652,500. This represents a 5.9 per cent decrease from October 2018, a 2.2 per cent decrease over the past six months, and a 0.2 per cent increase compared to September 2019.
Attached home sales in October 2019 totalled 536, a 55.8 per cent increase compared to the 344 sales in October 2018. The benchmark price of an attached home is $771,600. This represents a 5.8 per cent decrease from October 2018, a 0.4 per cent decrease over the past six months, and a 0.5 per cent increase compared to September 2019.
Situated on a beautiful tree-lined street, this is the PERFECT FAMILY HOME. Completely upgraded in 2018, this 2 storey, 2,408 SF 4/5 bdrm, 2.5 bath home sits on a 6,577 SF lot WALKING DISTANCE to Garden City Plaza Shopping Centre, Howard De Beck Elementary & Palmer Secondary. Spacious & bright featuring a gorgeous kitchen with quartz counters, breakfast bar, s/s appliances & new flooring. Massive fenced backyard with new paver stone patio - perfect for entertaining! Plenty of yard space for kids & pets to enjoy or for those who love to garden. Fresh paint, double glazed windows, 3 remodelled baths PLUS a double garage. Upstairs features 4 bdrms (Huge Master with walk-in closet) + Games Room with closets (could be used as a 5th bdrm). MOVE IN READY! Open House Nov 2 & 3 2-4pm
Welcome to 'Edgewater Park'! This tastefully updated, 2-level, 4 bedroom, 2 bath townhouse features an updated kitchen complete with stainless steel appliances, gas stove, quartz counters, eating bar, updated bathrooms (heated floor in upper level bathroom) crown mouldings, updated rock fireplace, recessed lighting, private backyard quiet outlook, 2 parking and extra storage just outside your front door. Great quiet location in complex- just steps to the dyke, greenspace and play areas. Very well run welcoming family and pet friendly complex in prime West Richmond location with outdoor pool, club house, lovely landscaping, lots of visitor parking and easy access to Dixon Elementary (French immersion), Hugh Boyd, recreation, shopping and transit. Perfect place to call home!
The stats from the Real Estate Board of Greater Vancouver have been released for September. Please take a read below and let me know if you have any questions!
VANCOUVER, BC – October 2, 2019 – Home buyer demand has returned to more historically typical levels in Metro Vancouver over the last three months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3 per cent increase from the 1,595 sales recorded in September 2018, and a 4.6 per cent increase from the 2,231 homes sold in August 2019. Last month’s sales were 1.7 per cent below the 10-year September sales average. “We’re seeing more balanced housing market conditions over the last three months compared to what we saw at this time last year,” Ashley Smith, REBGV president said. “Home buyers are more willing to make offers today, particularly in the townhome and apartment markets.” There were 4,866 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2019. This represents a 7.8 per cent decrease compared to the 5,279 homes listed in September 2018 and a 29.9 per cent increase compared to August 2019 when 3,747 homes were listed. The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 13,439, a 2.7 per cent increase compared to September 2018 (13,084) and a 0.3 per cent increase compared to August 2019 (13,396). For all property types, the sales-to-active listings ratio for September 2019 is 17.4 per cent. By property type, the ratio is 12.7 per cent for detached homes, 18.9 per cent for townhomes, and 21.9 per cent for apartments. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. “This is a more comfortable market for people on both sides of a real estate transaction,” said Smith. “Home sale and listing activity were both at typical levels for our region in September.” The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is currently $990,600. This represents a 7.3 per cent decrease over September 2018 and a 0.3 per cent decrease compared to August 2019. Sales of detached homes in September 2019 reached 745, a 46.7 per cent increase from the 508 detached sales recorded in September 2018. The benchmark price for a detached home is $1,406,200. This represents an 8.6 per cent decrease from September 2018 and is virtually unchanged compared to August 2019. Sales of apartment homes reached 1,166 in September 2019, a 43.6 per cent increase compared to the 812 sales in September 2018. The benchmark price of an apartment property is $651,500. This represents a 6.5 per cent decrease from September 2018 and a 0.4 per cent decrease compared to August 2019. Attached home sales in September 2019 totalled 422, a 53.5 per cent increase compared to the 275 sales in September 2018. The benchmark price of an attached home is $767,500. This represents a 7.2 per cent decrease from September 2018 and a 0.6 per cent decrease compared to August 2019.
Two bedrooms, two full bathrooms and two parking stalls, all in a solid rainscreened building on a quiet, tree lined street steps from South Granville shopping, Granville Island, and the seawall. With the kitchen and both bathrooms already nicely updated, this home offers excellent value in a prime Fairview Slopes location. The unit itself has a good efficient layout, in-suite laundry, laminate flooring, a gas fireplace, and a nice sized BBQ-friendly patio. Pet friendly too. Be quick on this one!
GRANVILLE PARK – immaculate & super clean south facing 2 bedroom PLUS den, 2 full bathroom townhome in Central Richmond! Well cared for and updated over the years. Featuring a cozy gas fireplace, laminate flooring on the main, brand new blinds throughout, newer stove, microwave, light fixtures and replaced the garage door opener in 2016. This home is perfect for a young family – walking distance to Minoru Park with the new aquatic centre complete with gym and pools, running track, sports field, ice rink, tennis courts, shopping, Richmond Centre Mall, transit, Canada line, library, schools (Richmond & Blundell) & restaurants! Tandem 2 car garage with extra storage. Well managed complex with super LOW STRATA FEES! Don’t miss this one. OPEN HOUSE: Sat, Sept 21st 2-4pm
STEVESTON STATION – enjoy panoramic river, island & mountain views from this rare one of a kind LOFT STYLE 2 storey townhome right in the heart of Steveston Village! This 1026sf 1 bdrm + den, 2 FULL bath home features open concept living with 10ft ceilings, BRAND NEW kitchen with S/S appliances, white shaker cabinets & quartz counters w/ bar top seating. Perfect for entertaining - enjoy your cozy gas fireplace, Juliet balcony off the living room, crown molding & hardwood flooring throughout. Upstairs the Master boosts a large custom closet, skylights & a full bath. Take in spectacular sunset views on you massive 220sf west facing rooftop deck! Secured double side-by-side DETACHED GARAGE. Just steps to the boardwalk & Steveston’s many amenities, attractions & shopping! OPEN Sept 28/29 2-4pm
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.