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September 3, 2014

Housing market activity follows 10-year August averages

The Metro Vancouver housing market experienced steady home sale, listing, and pricing trends for the month of August.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,771 on the Multiple Listing Service® (MLS®) in August 2014. This represents a 10.2 per cent increase compared to the 2,514 sales recorded in August 2013, and a 9.5 per cent decline compared to the 3,061 sales in July 2014.

“Activity this summer has been strong but not unusual for our region,” Ray Harris, REBGV president said. “The volume of home sales has been higher than we’ve seen in the last three years, yet below the record-breaking levels of the past decade.”

Last month’s sales were 4.3 per cent above the 10-year sales average for August of 2,658.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $631,600. This represents a 5 per cent increase compared to August 2013.

“Broadly speaking, home prices in the region are continuing to experience modest, incremental gains,” Harris said.
 
New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,940 in August. This represents a 5.9 per cent decline compared to the 4,186 new listings in August 2013 and a 20 per cent decline from the 4,925 new listings in July. Last month’s new listing total was 8.4 per cent below the region’s 10-year new listing average for the month.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,768, a 7.9 per cent decline compared to August 2013 and a 5.4 per cent decrease compared to July 2014.

Sales of detached properties in August 2014 reached 1,158, an increase of 10.1 per cent from the 1,052 detached sales recorded in August 2013, and an 85.6 per cent increase from the 624 units sold in August 2012. The benchmark price for detached properties increased 6.6 per cent from August 2013 to $984,300.

Sales of apartment properties reached 1,126 in August 2014, an increase of 10.6 per cent compared to the 1,018 sales in August 2013, and a 55.3 per cent increase compared to the 725 sales in August 2012. The benchmark price of an apartment property increased 3.6 per cent from August 2013 to $379,200.

Attached property sales in August 2014 totalled 487, a 9.7 per cent increase compared to the 444 sales in August 2013, and a 62.3 per cent increase over the 300 attached properties sold in August 2012. The benchmark price of an attached unit increased 3.9 per cent between August 2013 and 2014 to $474,900.

* Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta.
 
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JUST LISTED AT TIFFANY GARDENS
155 8600 Lansdowne Road, Richmond
I just finished uploading this Condo for sale, 155 8600 Lansdowne Road, Richmond, BC
Tiffany Gardens


WOW! 1114 SF fully renovated 2 bed, 2 FULL bath + BONUS 2 parking spots! This spacious unit brings lots of natural light with big surrounding windows, HUGE kitchen, cozy gas fireplace + entertainment sized Living & Dining room. Features laminate & tile flooring, new blinds, paint, stainless steel appliances, lighting, quartz counters & backsplash & oversized sink. Quiet & peaceful brand new covered patio facing the greenbelt – super private! Huge Master with jacuzzi tub. Loads of insuite storage closets, new bathrooms and kitchen PLUS side by side laundry. 1 storage locker + lots of visitor parking! Central location-walk to Canada Line, shopping, restaurants & Kwantlen. Well-managed complex! Age 18+, NO pets/rentals. You will love the location, condition & superb layout! Shows beautifully, call now to view.

 


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 OPEN  HOUSE: Sunday, September 14th from 1:00pm -3:00pm 
310 5665 Irmin Street, Burnaby South, Metrotown
 
This is the perfect opportunity to check out this wonderful CORNER unit condo for sale in Metrotown area in Burnaby!

Patio Irmin

Spacious 2 bed, 2 FULL bath, CORNER unit located in award winning Macpherson Walk! BONUS: 2 SIDE BY SIDE parking stalls + 1 LARGE storage locker. Original owners, only been occupied for 2 years! Open layout w/ great bedrm separation for ultimate privacy. Features: laminate flooring, granite counters, soft-close wood veneer cabinets, S/S appls w/ gas range, California closet organizers & INSUITE laundry! Fabulous sit-up bar & huge NW facing balcony w/gas hook up for BBQ's -PERFECT for entertaining! Amenities: a guest suite, gym, party room, playground & putting green. Built w/ rainscreen technology w/balance of 2-5-10 Warranty. Close to Burnaby South Secondary, Skytrain, Clinton Elementary & Metrotown. Pet & rental friendly!

Please come with any questions you may have. 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.  In the meantime you can take a virtual tour of this Metrotown Condo for sale in  Burnaby South.

Alisa Sakamoto
RE/MAX Westcoast
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I just finished uploading this Condo for sale, 310 5665 Irmin Street, Burnaby, BC

Irmin Open Concept

Spacious 2 bed, 2 FULL bath, CORNER unit located in award winning Macpherson Walk! BONUS: 2 SIDE BY SIDE parking stalls + 1 LARGE storage locker. Original owners, only been occupied for 2 years! Open layout w/ great bedrm separation for ultimate privacy. Features: laminate flooring, granite counters, soft-close wood veneer cabinets, S/S appls w/ gas range, California closet organizers & INSUITE laundry! Fabulous sit-up bar & huge NW facing balcony w/gas hook up for BBQ's -PERFECT for entertaining! Amenities: a guest suite, gym, party room, playground & putting green. Built w/ rainscreen technology w/balance of 2-5-10 Warranty. Close to Burnaby South Secondary, Skytrain, Clinton Elementary & Metrotown. Pet & rental friendly!

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 OPEN  HOUSE: Saturday, August 23rd from 1:00pm -3:00pm 
1506 9188 Hemlock Drive, McLennan North in Richmond

 

This is the perfect opportunity to check out this fabulous CORNER unit condo for sale in central Richmond!

kitchen for Hemlock 

 


Fabulous CONCRETE building by prestigious developers Cressey. Original owner's holiday home having occupied for only 2 months in past 7 yrs. Excellent central Richmond location close to all amenities, park, schools, transit and malls. Immaculate condition as NEW. This upper northwest corner unit has unobstructed spectacular mountain & city views! Incredible layout - good bedroom separation w/2 FULL baths -2 Master suites! Open gourmet kitchen, S/S appliances, never been used gas stove & dishwasher, granite counters, h/w floor, fireplace, alarm, double blinds (roller & vertical), covered patio, 1 secured parking + 1 locker. Resort-like amenities: indoor pool, sauna, gym, party room, guest suite + outdoor BBQ! Immediate possession possible. Shows beautifully! Call to book your private showing.

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

Alisa Sakamoto
RE/MAX Westcoast

 

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 OPEN  HOUSE: Sunday, August 24th from 1:00pm -3:00pm 
310 5665 Irmin Street, Burnaby South, Metrotown
 
This is the perfect opportunity to check out this wonderful CORNER unit condo for sale in Metrotown area in Burnaby!

Master at Irmin

Spacious 2 bed, 2 FULL bath, CORNER unit located in award winning Macpherson Walk! BONUS: 2 SIDE BY SIDE parking stalls + 1 LARGE storage locker. Original owners, only been occupied for 2 years! Open layout w/ great bedrm separation for ultimate privacy. Features: laminate flooring, granite counters, soft-close wood veneer cabinets, S/S appls w/ gas range, California closet organizers & INSUITE laundry! Fabulous sit-up bar & huge NW facing balcony w/gas hook up for BBQ's -PERFECT for entertaining! Amenities: a guest suite, gym, party room, playground & putting green. Built w/ rainscreen technology w/balance of 2-5-10 Warranty. Close to Burnaby South Secondary, Skytrain, Clinton Elementary & Metrotown. Pet & rental friendly!

 Please come with any questions you may have. 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.  In the meantime you can take a virtual tour of this Metrotown Condo for sale in  Burnaby South.

Alisa Sakamoto
RE/MAX Westcoast
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Congratulations to my Sellers: Farouk & Sheena
 
5500 Andrews Kitchen 

JUST SOLD #401 5500 Andrews Road, Richmond (Steveston South)
Wow! Come home to Steveston's SOUTHWATER - Gorgeous 995 SF CORNER unit: 2 bed + DEN, 2 FULL bath PLUS 2 parking spots! This renovated PENTHOUSE is in show home condition. Features 10 ft ceilings, new blinds, granite counters, s/s appl, pot pot lights and tile/laminate flooring. Includes in-suite laundry & cozy gas fireplace. Relax on your fully covered deck for year round enjoyment w/ SPECTACULAR views of the North Shore Mountains! Well managed complex with gym, bike room, lounge, guest suite & onsite caretaker. What more could you ask for? Sought after location - stroll, run or bike along the community walkway to the waterfront boardwalk and the village with its quaint shops + restaurants. Pet friendly! 

View this recently sold Condo or see all my home sales

 

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JUST LISTED AT CASURINA AT HAMTON PARK!
1506 9188 Hemlock Drive, Richmond
I just finished uploading this Condo for sale, 1506 9188 Hemlock Drive, Richmond, BC
exterior for 9188 Hemlock

 

Fabulous CONCRETE building by prestigious developers Cressey. Original owner's holiday home having occupied for only 2 months in past 7 yrs. Excellent central Richmond location close to all amenities, park, schools, transit and malls. Immaculate condition as NEW. This upper northwest corner unit has unobstructed spectacular mountain & city views! Incredible layout - good bedroom separation w/2 FULL baths -2 Master suites! Open gourmet kitchen, S/S appliances, never been used gas stove & dishwasher, granite counters, h/w floor, fireplace, alarm, double blinds (roller & vertical), covered patio, 1 secured parking + 1 locker. Resort-like amenities: indoor pool, sauna, gym, party room, guest suite + outdoor BBQ! Immediate possession possible. Shows beautifully! Call to book your private showing.

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 OPEN  HOUSE 
Saturday & Sunday, August 9th and 10th from 2:00pm -4:00pm 
2907 W 35th Ave, Vancouver (Mackenzie Heights)

This is the perfect opportunity to check out this gorgeous house for sale in beautiful Mackenzie Heights, Vancouver!

mack kitchen

This beautiful, bright & modern Mackenzie Heights home is a stunner! A contemporary masterpiece built w/ supreme materials & workmanship crafted by an experienced team of European builders & designers. Fung Shui was considered during all aspects of the build. Open concept main boasts an expansive dream kitchen w/ Viking appl, large eating area & island making hosting a breeze! 3 bed up all w/ ensuites. Elegant Master w/ huge w/i closet, private balcony & spa-like ensuite. Features 10’ coffered ceilings, elegant trimwork, wifi enabled sound system + thermostats, A/C & 2 cozy gas fireplaces for your enjoyment! Flexible basement offers media rm, rec rm & 1 or 2 bed rental suite possibilities. Pt Grey Secondary/Kerrisdale Elementary. Shows beautifully, book your private showing today! 

Please come with any questions you may have. 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.  In the meantime you can take a virtual tour of this  Mackenzie Heights House for sale.

Alisa Sakamoto

RE/MAX Westcoast

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Home buyers continue to slightly outpace sellers, but not by much

VANCOUVER, B.C. – August 5, 2014 – The Greater Vancouver housing market continues to see slightly elevated demand from home buyers, steady levels of supply from home sellers and incremental gains in home values depending on the area and property type.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,061 on the Multiple Listing Service® (MLS®) in July 2014. This represents a 3.9 per cent increase compared to the 2,946 sales recorded in July 2013, and a 10.1 per cent decline compared to the 3,406 sales in June 2014.
"This is the fourth consecutive month that the Greater Vancouver market has exceeded 3,000 sales,” Darcy McLeod, REBGV president-elect said. “Prior to this, our market had not surpassed the 3,000 sale mark since June of 2011.”
Last month’s sales were 3.8 per cent above the 10-year sales average for July of 2,948.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $628,600. This represents a 4.4 per cent increase compared to July 2013.
“Today’s activity continues to put Metro Vancouver in the upper reaches of a balanced real estate market,” McLeod said.
The sales-to-active-listings ratio currently sits at 19.6 per cent in Metro Vancouver. This ratio has ranged between 18 and 20 per cent over the last four months.
New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,925 in July. This represents a 1.5 per cent increase compared to the 4,854 new listings in July 2013 and a 7.8 per cent decline from the 5,339 new listings in June.
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 15,617, a six per cent decline compared to July 2013 and a 2.5 per cent decrease compared to June 2014. 
Sales of detached properties in July 2014 reached 1,322, an increase of 5.8 per cent from the 1,249 detached sales recorded in July 2013, and a 68 per cent increase from the 787 units sold in July 2012. The benchmark price for detached properties increased 6.5 per cent from July 2013 to $980,500.
Sales of apartment properties reached 1,212 in July 2014, an increase of 0.2 per cent compared to the 1,210 sales in July 2013, and a 30.7 per cent increase compared to the 927 sales in July 2012. The benchmark price of an apartment property increased 2.2 per cent from July 2013 to $376,500.
Attached property sales in July 2014 totalled 527, an 8.2 per cent increase compared to the 487 sales in July 2013, and a 37.2 per cent increase over the 384 attached properties sold in July 2012. The benchmark price of an attached unit increased 3.4 per cent between July 2013 and 2014 to $472,400.
VANCOUVER, B.C. – August 5, 2014 – The Greater Vancouver housing market continues to see slightly elevated demand from home buyers, steady levels of supply from home sellers and incremental gains in home values depending on the area and property type.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,061 on the Multiple Listing Service® (MLS®) in July 2014. This represents a 3.9 per cent increase compared to the 2,946 sales recorded in July 2013, and a 10.1 per cent decline compared to the 3,406 sales in June 2014.

"This is the fourth consecutive month that the Greater Vancouver market has exceeded 3,000 sales,” Darcy McLeod, REBGV president-elect said. “Prior to this, our market had not surpassed the 3,000 sale mark since June of 2011.”

Last month’s sales were 3.8 per cent above the 10-year sales average for July of 2,948.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $628,600. This represents a 4.4 per cent increase compared to July 2013.
“Today’s activity continues to put Metro Vancouver in the upper reaches of a balanced real estate market,” McLeod said.

The sales-to-active-listings ratio currently sits at 19.6 per cent in Metro Vancouver. This ratio has ranged between 18 and 20 per cent over the last four months.

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,925 in July. This represents a 1.5 per cent increase compared to the 4,854 new listings in July 2013 and a 7.8 per cent decline from the 5,339 new listings in June.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 15,617, a six per cent decline compared to July 2013 and a 2.5 per cent decrease compared to June 2014. 
Sales of detached properties in July 2014 reached 1,322, an increase of 5.8 per cent from the 1,249 detached sales recorded in July 2013, and a 68 per cent increase from the 787 units sold in July 2012. The benchmark price for detached properties increased 6.5 per cent from July 2013 to $980,500.

Sales of apartment properties reached 1,212 in July 2014, an increase of 0.2 per cent compared to the 1,210 sales in July 2013, and a 30.7 per cent increase compared to the 927 sales in July 2012. The benchmark price of an apartment property increased 2.2 per cent from July 2013 to $376,500.

Attached property sales in July 2014 totalled 527, an 8.2 per cent increase compared to the 487 sales in July 2013, and a 37.2 per cent increase over the 384 attached properties sold in July 2012. The benchmark price of an attached unit increased 3.4 per cent between July 2013 and 2014 to $472,400.

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JUST LISTED in Mackenzie Heights!

I just finished uploading this House for sale, 2907 W 35th Ave, Vancouver, BC

mackenzie front

This beautiful, bright & modern Mackenzie Heights home is a stunner! A contemporary masterpiece built w/ supreme materials & workmanship crafted by an experienced team of European builders & designers. Fung Shui was considered during all aspects of the build. Open concept main boasts an expansive dream kitchen w/ Viking appl, large eating area & island making hosting a breeze! 3 bed up all w/ ensuites. Elegant Master w/ huge w/i closet, private balcony & spa-like ensuite. Features 10’ coffered ceilings, elegant trimwork, wifi enabled sound system + thermostats, A/C & 2 cozy gas fireplaces for your enjoyment! Flexible basement offers media rm, rec rm & 1 or 2 bed rental suite possibilities. Pt Grey Secondary/Kerrisdale Elementary. Shows beautifully, book your private showing today!

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I just sold this House at 10471 ALGONQUIN Drive, Richmond, McNair.

ALGONQUIN

Wow! This home was taken down to studs in 2005, brand new everything, plumbing, wiring, roof, siding, flooring, kitchen & bathrooms. Huge open kitchen to living room & dining room island. Huge den & office. 800 sq ft was added inclosing garage & rooms above. All renos done with permits virtually a new house. Minor finishing to be done. Railings on rear deck & in living room. This is a must see, will sell fast! 

View this recently sold House or see all my home sales

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