Timeline:

GARBUTT + DUMAS REAL ESTATE TEAM
630 Fifth St
New Westminster, BC, V3M 2X9
604.805.3115
info@gdrealestate.ca




James Garbutt

Condos and townhomes in Burnaby are hot! March 2017 Market Update

The market for condos and townhomes in Burnaby is hot!

So hot, prices are up 25 per cent over this time last year. In fact, they’re even higher than the peak of the market we saw last spring and early summer.

One of the hottest neighbourhoods is Brentwood Park. This area, near Lougheed and Willingdon, is feeling the excitement from the redevelopment of the Brentwood Town Centre that is already underway.

When the $1.3 billion project is completed, it will be like its own city within the city.

And that’s boosted interest in existing developments nearby. Of the last 40 condo sales in Brentwood Park, 75 per cent of them went for list price or above.

Condos and townhomes in Burnaby are hot

A typical 2 bedroom 2 bath condo, 850-875 sq. ft., in an established development like Oma, is now going for about $600,000. Last year it would have sold for $480,000.

Condos and townhomes in Burnaby

A typical 630 sq. ft. 1 bedroom condo in an established concrete development like Tandem is now selling for $450,000. Last year it would have sold for $370,000.

 

We’re seeing similar stats in other areas of Burnaby as well, including South Slope and Burnaby East.

If you’re a buyer, the market for condos and townhomes in Burnaby might be more favourable in the Metrotown neighbourhood. An abundance of available product there means 60 per cent of  sales in the past 60 days have gone for below list.

And just as the market for high-end houses has been struggling a bit, the market for condos and townhomes in Burnaby above $600,000 is a little slower.

There’s a lot of new development coming down the pipe, so it’s hard to say how long the market for condos and townhomes in Burnaby will stay hot. But with interest in condos and townhomes high across the Lower Mainland right now, there’s no end in sight. That might be a little frustrating if you’re a buyer. But if you’re selling, you’ll be rewarded.

November 2013 Market Update

Steady trends continue in the Greater Vancouver housing market

Consistent home sale and listing activity has allowed balanced market conditions to prevail in the Greater Vancouver housing market for most of 2013.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,321 on the Multiple Listing Service® (MLS®) in November 2013. This represents a 37.7 per cent increase compared to the 1,686 sales recorded in November 2012, and a 12.8 per cent decline compared to the 2,661 sales in October 2013.

Last month’s sales were 1.2 per cent below the 10-year sales average for the month, while new listings were 1.5 per cent above the 10-year November average.

“We’ve seen steady and consistent trends the Greater Vancouver housing market for much of this year,” Sandra Wyant, REBGV president said. “This year’s activity has resulted in gradual and modest increases in home prices of approximately one per cent over the last 12 months in the region.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,245 in November. This represents a 17.7 per cent increase compared to the 2,758 new listings reported in November 2012 and a 24.8 per cent decline compared to the 4,315 new listings in October of this year

Click Here for the Full Article

Click Here for the Full Stats Package

#304 290 Francis Way, New Westminster (The Grove – Victoria Hill)

  

The Grove at Victoria Hill – 2 Bed, 2 Bath, 951 SF West Facing unit overlooking the inner courtyard with Large Balcony. Very Quiet and surrounded by Greenspace this unit features a very spacious & open Living/Dining/Kitchen Area. Gourmet Kitchen with stainless steel appliances, lots of cabinets & island. Ideal Floorplan with two bedrooms located on opposite sides of the living room, Master Bedroom has walk-through closet leading into a Full Bathroom. Great Amenities at the Boiler House: Gym, Theatre, Study, Party Rm/Lounge, Outdoor Basketball Court. Central Locations, steps to Queens Park, 15min walk to Skytrain or 10 min Bus. Won’t last! Must See!

Virtual Tour

MLS Feature Sheet #304 290 Francis Way

 

#208 270 Francis Way, New Westminster. (The Grove – Victoria Hill)

  

The Grove, Victoria Hill – Gorgeous 2 bed, 2 bath West facing suite with large balcony overlooking the inner courtyard. Very quiet & private location, great floor plan, open concept living/dining/kitchen area. 2 bedrooms on opposite sides of the living room, 2nd bdrm has walk in closet, master bedroom has walk-through closet leading into a full bathroom. Gourmet kitchen with plenty of cabinet space, stainless steel appliances & granite counters (granite in bathrooms as well). Excellent amenities at the Boiler House; gym, theatre, study area, party room/lounge, basketball court. Great location, surrounded by parks & greenspace. 15 min walk to skytrain or 10 min bus. Suite shows well, priced to sell, must see.

Virtual Tour

MLS Feature Sheet 208 270 Francis Way

Market Update for Burnaby East Spring 2012.

January 1st – June 1st market update for Burnaby East

60 Detached Houses have been sold, average sale price is $835,000 with an average days on market at 35.

39 Townhomes have been sold, average sale price is $444,400 with an average days on market at 30.

26 Condos have been sold, average sale price is $422,500 with an average days on market at 34.

Community News:
Edmonds Community Centre is almost up and running, this centre houses a new leisure pool with all the amenities, fitness area, gymnasiums, youth centre, seniors centre, coffee bar, and more.

2 exciting developments as well. ‘Vibe’ by SVM Homes is great urban modern living and ‘Reflections’ by Ledingham McAllister are sleek contemporary city condos.

For more info on the the new Edmonds Community Centre, ‘Vibe’, or ‘Reflections’ click here.

If you are thinking of making a move in Burnaby East please give us a call.

Market Update Spring 2012 for The Quay New Westminster.

New West Quay Market is open and the boardwalk is busy. Great new restaurant ‘Wild Rice’ which features modern chinese cuisine. Pier Park also offically opens June 16th with a grand opening party.
New West Station Mall is coming to life! Safeway, Shoppers, Landmark Cinemas, CIBC, and A&W are all open for your shopping enjoyment.
Here are the most recent MLS Stats from Jan. 2012 – May 2012.
Townhomes: 2 Sold
Average Sale Price: $338,800
Average Price per Square Foot: $349
Average Days on the Market: 29

Condos: 50 Sold
Average Sale Price: $351,000
Average Price per Square Foot: $349
Average Days on the Market: 35

Highest Sold Townhome: $347,000
Highest Sold Condo: $480,900

If you are thinking of making a move in New Westminster Quay please give us a call

Click here for more information about the New West Station Mall ‘The Plaza’.

The Austin in Coquitlam – Coming Soon by Beedie Living

Rising a dramatic 19-storeys and surrounded by mature trees, estate homes and next to the private Vancouver Golf Club, these 133 homes will offer unparalleled 360 degree views from the 5th floor and above.

Ranging from Junior 1 bedrooms to the spacious, well-appointed penthouses of “The Heights Collection”, all homes will include efficient layouts, oversized windows, warm laminate flooring, quartz countertops, gourmet kitchens with stainless steel appliances, and most homes feature 2 outdoor living spaces.

Jr 1 Bedrooms from the $190’s

1 Bedrooms from the $260’s

2 Bedrooms from the $340’s

Townhomes from the $500’s

Important Information:

20% deposit with $5,000 due at time of offer, increased to 5% after 7 days.

1 parking stall included with every home. For “The Heights Collection” and the 3 bedroom townhomes, 2 stalls will be included.

1 storage locker included with every home.

Amenities include a fully integrated gym/yoga room, dynamic multi-purpose lounge with wet bar, guest suite and landscaped outdoor terrace with children’s playground, BBQ area and outdoor ‘living room’

Tentative completion is Spring 2014

Visit theaustin.ca to view floorplans.

#33 245 Francis Way, New Westminster

Virtual Tour – #33 245 Francis Way, New Westminster

GLENBROOK AT VICTORIA HILL by ONNI. This Outstanding  1724 sqft 3 bed, 2.5 bath END UNIT Townhome is very privately situated at the back of the complex.GORGEOUS River & Mountain VIEWS. This impressive home features high ceilings on the main,new carpet, hardwood & lam. floors, beautiful kitchen cabinets, granite counters,stainless steel appliances, 3 decks, backard, spacious master bedroom w/large walk-in closet & luxurious ensuite, 2 car tandem garage + Bonus Media Room. FULL RAINSCREEN, remainder of 5-10 yr. warranty. LOW Maint Fees include: Outstanding Amenities at the “Broiler Room” Excercise Centre, Theatre Room, Study Area, Basketball Court, Lounge w/pool table. Excellent location. near Queens Parks, shopping, Transportation.

MORE INFO:

http://mlsr.realtylink.org/mlsr_get/res_sale_result_detail.cfm?comID=&agentID=52438&searchtype=both&CID=1180398&TMPL=1&MLS=V921962

258 Condos New Westminster – Starting Prices & Floor Plans

The “258” Presentation Center will be open every day (except Fridays) from noon to five. In addition to the Interactive Theatre Room, you can check out the fully furnished two bedroom display home, color choices, floor-plans for each home and of course the scale model of the building.

Be among the first in North America to experience our state-of-the-art “Interactive Real Estate Theatre”. Join us and see for yourself how this amazing new technology will change the way people view real estate forever…

So come in, relax and take a look around and see what all the excitement is about and why“The 258” is the lowest priced concrete high rise in British Columbia.

·One Bedroom and Den from $209,900

·Two Bedrooms from $238,900

·Two Bedrooms and Den from $249,900


FOR FLOOR PLANS CLICK ON THE LINK BELOW:

258 CONDO FLOOR PLANS

TO VISIT THE 258 WEBSITE CLICK ON THE LINK BELOW:

http://258condos.com/

Views From 258 New Westminster (James Garbutt)*views from the 8th floor

7360 11th Ave, Burnaby

August 9, 2010 – Video Blog of 7360 11th Ave

CLICK HERE FOR MORE PICTURES

I’m proud to present this excellent home on a nice and quiet street . This very well kept 5 bedroom home (3 Bed up, 2bed down) features hardwood floors on the main living/dining/halls/stairs, Laminate in bedrooms, large updated kitchen with beautiful wood cabinets and tile flooring, montgage helper down, HUGE 280sq ft balcony over looking large backyard with grape vines, pear, plum & fig trees. Great space for entertaining guests! Brand new high efficiency furnace, newer hot water tank (2yrs) Centrally located close to schools, public transportation, shops and restaurants.

#302 11 E Royal Ave, New Westminster – VICTORIA HILL

August 9, 2010 – Video Blog of #302 11 E Royal Ave

FOR MORE PHOTOS CLICK HERE!!

VICTORIA HILL! OUTSTANDING Spacious 1110 sqft 2 bed/2 bath + den condo in New Westminister’s 2007 Award Winning built by Onni & still under remainder of warranty. Outstanding finishing including granite counters, floor to ceiling windows, wood floors, stainless appliances. Spa like master bath ensuite with large sonker tub, separate shower stall and 2 sinks, 2 PARKING SPACES, 1 locker & pet friendly. Enjoy the fantastic amenities including: exercise room, swimming pool & more. Relax on your private balcony surrounded by lush greenery. Walk to Douglas College, close to Safeway, shops, Starbucks, Schools, public transit, Canada Games Pool and steps to Queen’s Park. Call today to view.