Conditions continue to favour buyers in the Greater Vancouver housing market

VANCOUVER, BC – The summer of 2012 drew to a close in September with home sale activity well below historical averages in the Greater Vancouver housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,516 in September, a 32.5 per cent decline compared to the 2,246 sales in September 2011 and an 8.1 per cent decline compared to the 1,649 sales in August 2012.
September sales were 41.6 per cent below the 10-year September sales average of 2,597.
“There’s been a clear reduction in buyer demand in the three months since the federal government eliminated the availability of a 30-year amortization on government-insured mortgages,” Eugen Klein, REBGV president said. “This makes homes less affordable for the people of the region.”
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,321 in September. This represents a 6.3 per cent decline compared to September 2011 when 5,680 properties were listed for sale on the MLS® and a 31.6 per cent increase compared to the 4,044 new listings in August 2012.
At 18,350, the total number of residential property listings on the MLS® increased 14.1 per cent from this time last year and increased 4.5 per cent compared to August 2012.
“Today, our sales-to-active-listings ratio sits at 8 per cent, which puts us in a buyer’s market. This ratio has been declining in our market since March when it was 19 per cent,” Klein said.
The MLS HPI® composite benchmark price for all residential properties in Greater Vancouver is $606,100. This represents a decline of 0.8 per cent compared to this time last year and a decline of 2.3 per cent over last three months.
“Prices in the region remain relatively stable overall, although we do see some reductions in the areas that have had some of the largest price increases over the last year or two,” Klein said.
Sales of detached properties on the MLS® in September 2012 reached 594, a decrease of 37.9 per cent from the 957 detached sales recorded in September 2011, and a 31.4 per cent decrease from the 866 units sold in September 2010. The benchmark price for detached properties decreased 0.5 per cent from September 2011 to $935,600.
Sales of apartment properties reached 676 in September 2012, a 26.7 per cent decrease compared to the 922 sales in September 2011, and a decrease of 30.4 per cent compared to the 971 sales in September 2010. The benchmark price of an apartment property decreased 0.7 per cent from September 2011 to $368,600.
Attached property sales in September 2012 totalled 246, a 33 per cent decrease compared to the 367 sales in September 2011, and a 35.8 per cent decrease from the 383 attached properties sold in September 2010. The benchmark price of an attached unit decreased 2.7 per cent between September 2011 and 2012 to $458,600.
For full article and other Real Estate Board of Greater Vancouver Stats Click Here.

Take me out to the ball game!

Yesterday Bryn, Rosa (new office assistant), and James were at Gates Park in Port Coquitlam for The Real Estate Board of Greater Vancouver’s annual Slo-Pitch softball tournament.
Sutton, Remax, Keller Williams, MacDonald, and many other Realty companies were out in the rain having a blast!
James was our star pitcher and hit a few home runs, Bryn was outstanding at 1st base and got a few runs herself, and Rosa (our new administrative assistant) a very vocal cheerleader.  Our Sutton team had a great time and even though we didn’t make it into the finals we had a lot of fun out on the field with the other realtors.
 
 
Next year we will be crowned champions for sure!
   

SOLD! #1107 610 Victoria St, New West (Downtown)


THE POINT – Great Building & Great Location!! 2 Beds & 2 Full Baths corner suite with Large Balcony facing North East with Fraser River & Mountain Views!! This Suite features engineered hardwood flooring, stainless steel appliances, granite counters, electric fireplace, large master bedroom suite with walk-through closet, open floor plan, spacious kitchen with lots of cabinets, floor-to-ceiling windows bringing in plenty of natural light. Amenities include: indoor pool, hot tub, sauna, exercise room, lounge, media room…. Pets allowed with restrictions, rentals allowed. 1 parking stall included. Central location, steps to starbucks, shops, restaurants, Skytrain & NW quay Market.

Trapp & Holbrook by Salient in Downtown New Westminster

Trapp & Holbrook New Condos in Downtown New Westminster
Trapp + Holbrook
Presentation Centre (668 Columbia Street, New Westminster). Sales commence May 26.
These 196 homes offer a rare combination of quality and terrific value, with 100 suites available under $299,900! Trapp + Holbrook features:

  • Water views of the Fraser River starting from the 5th floor and up
  • Carefully reconstructed building façades from the original Trapp and Holbrook Blocks in 1913
  • 5th floor amenity space featuring lush green spaces, community garden plots, river-view sundeck, BBQ facility, fireside lounge, fully-equipped fitness centre, and meeting room
  • New concrete construction backed by Travelers 2-5-10 New Home Warranty
  • Stylish interiors that developer The Salient Group has become well-known for, including streamlined kitchens with Blomberg integrated refrigerator, wide-plank laminate flooring, sleek roller shades, and more!


Historic New West has all the markings of a hot, emerging neighbourhood. Enjoy your one-block walk to New Westminster SkyTrain Station, the newly reborn  River Market for sustainable produce, Metro Vancouver’s most progressive Asian fusion restaurant, Wild Rice, plus Columbia Street boutiques, cafés, and exciting new eateries right outside your door!
Tower Suites
Levels 5-19
1 Beds from $219,900
2 Beds from $339,900
2 Bed + dens from $421,900


Holbrook Suites
Levels 3-7
1 Bedrooms from $234,900

1 Bed + dens from $277,900


Penthouse Suites
Levels 20-21
2 Beds from $429,900
2 Bed + dens from $579,900


http://thliving.com/

SOLD! #502 14 E Royal Ave, New Westminster (Victoria Hill) James Garbutt


WHEN ONLY THE BEST WILL DO! Gorgeous Unobstructed River & Mountain views from this outstanding,QUIET, bright, Rainscreened, Top floor 3 bed+2 ENSUITE bath 1237 sq. ft. suite. Offered FURNISHED w/aprox $50K of designer pieces from Scan Design & Inspiration, upgraded Top of the line S/S appliances, gas stove.Vaulted ceilings,crown moulding, high quality laminate throughout, $2400 Titan 3M window films. $20K owner built in air cond/heat/dehumidifiers,upgraded paint & blinds. 3 Parking Stalls + Locker.Only lowrise in Victoria Hill-ONNI’s Master Planned Community-in house amenities incl. Guest Suite/exercise/party room+.LOW maint fees. Great Central location close to Queens Park, C.G Pool, schools, transit,shopping. Sure to impress!

#312 7180 Linden Ave, Burnaby BC


This Spacious Top Floor 940 sq ft condo boasts 2 bedrooms + den & 2 bathrooms, new carpets & is freshly painted. Relax on your sunny SOUTHWEST facing HUGE 30′ x 4’5 wrap around balcony. The building was recently re-piped in 2009! FANTASTIC central location near High Gate Mall, Edmonds Skytrain Station, Library, bus, schools, upcoming  aquatic/community facility, restaurants & Metrotown.  The rec room has a pool table, workshop & sauna down.  Maintenance fee INCLUDES HEAT & HOT WATER! 1 parking stall & a locker. Sorry no pets or rentals.

#311 225 Francis Way, New Westminster (Victoria Hill)


Victoria Hill – Stunning 2 bedroom+den, 2 bath with unobstructed East facing views of the Fraser River & Mountain! This suite features an open concept living/dining room area with laminate flooring, gourmet kitchen with granite counters, with granite counters, stainless steel appliances and lots of cabinets. Located just steps to Queens Park and a 10min walk or quick bus ride to the Columbia Skytrain Station.  Impressive amenities at the Boiler House which features a huge gym, lounge area, reading area, media room, meeting room & basketball court. 2 parking stall included! Rentals allowed & pets allowed with restrictions.

SOLD! #3204 240 Sherbrooke St., New Westminster


Copperstone at the centre of the Lower Mainland.  This immaculate 2bdrm 2bthrm NW 1034 SF corner suite incl: laminate flooring, crown mouldings, S/S appliances, upgraded paint, lights and fixtures, in-suite laundry and security system, and more.  Sit and enjoy the afternoon sun on the private covered 9’x11′ balcony.  Spacious living areas and open floor plan.  This unit faces NW onto the quiet treed courtyard with a glimpse of snow-capped mountains.  Walk to the trendy Sapperton area that boasts a Thrifty’s (open 24hrs), Starbucks, shops, bistros, boutique gift shop and spa, and bakeries… Close to freeway access and only a 3 minute walk to the skytrain. Built in 2008, 2-5-10 warranty, 2 parking, 1 locker, Pets & Rentals Welcome.

#1004 289 Alexander St. (THE EDGE in Vancouver)

June 16, 2010 – Video Blog Tour of #1004 289 Alexander St., Vancouver

THE EDGE – Outstanding 2 Level Penthouse LOFT with amazing City Views! This spacious corner suite features 18′ ceilings, floor-to-ceiling windows and a large patio overlooking the city. Southeast exposure, lots of natural light. Completely renovated: engineered oak flooring on the main, gourmet kitchen with granite counter, new tile backsplash & premium stainless steel appliances, gas fireplace, new carpet upstairs with glass railing overlooking the living room and city views. Bathrooms completely updated with new tile floors, vanities, sinks, faucets & toilets. New never used front-load washer&dryer. Amenities incl: wood & metal shop, music room, gym & more. Well managed building, reasonable strata fees, rentals & pets allowed.