Blog › April 2015

Recently Sold Listing 6051 Selkirk Street, Vancouver, British Columbia


V1119541 - 6051 Selkirk Street, Vancouver, British Columbia, CANADAI just sold this gorgeous Home for OVER the list price in 2 weeks with MULTIPLE OFFERS! Another Realtor had it listed for 7 months at a lower price than what we got ! My marketing plan works. My job is so satisfying... I love making people happy and making them money!

I sold this house for my client after only 14 days on the market for $150,000 over the list price - and that was AFTER being listed with another agent for 322 DAYS !!

It didn't happen by accident or because the market is very active. There is a lot of planning and strategizing that must be done before you place your home on the market. 

If you are wondering what homes like yours are selling for in today’s market give me a call! 

If you are planning on selling your home and would like to know how you can have buyers literally stampeding to buy your property please call me!  

Jamie Stewart, PREC

REMAX Crest

Cell: 604.619.0199

Email: [email protected]

Website: www.jamiestewart.net

 



Recently Sold Listing 3584 Dundas Street, Vancouver, British Columbia


V1116281 - 3584 Dundas Street, Vancouver, British Columbia, CANADAI have just recently sold this listing at 3584 Dundas Street, Vancouver.

Recently Sold Listing 3239 DUNKIRK AV, Coquitlam, British Columbia


V1117137 - 3239 DUNKIRK AV, Coquitlam, British Columbia, CANADAI have just recently sold this listing at 3239 DUNKIRK AV, Coquitlam.

New Listing 6051 Selkirk Street, Vancouver, British Columbia


V1119541 - 6051 Selkirk Street, Vancouver, British Columbia, CANADAView my new listing for sale SOLD at 6051 Selkirk Street, Vancouver and currently listed at $3,950,000.SOLD

Quality European builder Noort Homes. Family home shows like brand new featuring amazing chef's kitchen + wok kitchen, high end Sub Zero appliances - ideal for entertaining. Great flow incl. family rm which opens onto an oversized W facing patio & backyard. Top floor features 3 bedrms (can be converted back to 4bdrms) w/ 3 baths up incl a master bedrm & spa ensuite. Lower level an ideal hangout kids & adults with a spacious rec/media room and bedrm/nanny quarters. Oversized windows, a/c, Control4 smart home automation, 10 zone for music/media $50,000 lighting & audio visual upgrades, also includes 58" TV in family room. 4 car garage + boat parking. 10 yr warranty includes upstairs bedroom reno. Prewired for video surveillance.

Vancouver Condos a “Better Investment than Gold”


World’s leading money manager tells Singapore conference buying condos in any of three hot markets is their second-best investment bet

Golden Vancouver condos

Putting your money into condos in Vancouver, New York or London is a better investment than gold bullion, according to the head of the world’s biggest asset management company.

Bloomberg reported this week that Laurence D. Fink, chairman of BlackRock Inc., told a conference in Singapore that there was only one better bet than condos in those three markets – and that’s contemporary art, he claimed.

“The two greatest stores of wealth internationally today is contemporary art….. and I don’t mean that as a joke, I mean that as a serious asset class,” Fink told the Credit Suisse Global Megatrends Conference April 21.

“And two, the other store of wealth today is apartments in Manhattan, apartments in Vancouver, in London.”

In the past gold was seen as an excellent method of storing wealth that traditionally holds steady even through periods of conflict and inflation. But, since peaking at US$1,921.17 an ounce in 2011, the price of bullion has dropped about 38 per cent.

“Historically gold was a great instrument for storing of wealth,” said Fink. “Gold has lost its lustre and there's other mechanisms in which you can store wealth that are inflation-adjusted.”

He added, “It’s become much more accessible for global families worldwide to store wealth outside their country. And they don’t have to own gold.”

- See more at: http://www.rew.ca/news/vancouver-condos-a-better-investment-than-gold-world-s-biggest-asset-manager-1.1847076#sthash.3pWmpgqs.dpuf



Recently Sold Listing 209 - 1485 W 6th Ave, Vancouver, British Columbia


V1115516 - 209 - 1485 W 6th Ave, Vancouver, British Columbia, CANADAI have just recently sold this listing at 209 - 1485 W 6th Ave, Vancouver.

BC Home Sales Up 37.6% in March, Prices Up 14%


Many markets across province experiencing sellers’ market conditions as buyer confidence rises, says association

Home for sale sold

As in Vancouver and the Fraser Valley, the province as a whole had a case of spring fever when it came to real estate transactions in March, judging by the British Columbia Real Estate Association (BCREA) figures released April 16.

There were total of 9,101 MLS home sales in March, up 37.6 per cent from the same month last year. Total sales dollar volume was $5.8 billion, an increase of 57.1 per cent compared to a year ago.

The average MLS residential price in BC rose to $641,799, up 14.1 per cent compared with March 2014.

"BC home sales climbed significantly in March," said Cameron Muir, BCREA chief economist. "More homes traded hands last month than any March since 2007. On a seasonally adjusted basis, March posted the most home sales of any month since December of 2009."

In 2015’s first quarter, BC residential sales were up 22.5 per cent year over year to 20,139 units, while the average MLS residential price was up 8.7 per cent at $630,435.

"Rock bottom interest rates and rising consumer confidence have strengthened housing markets in most regions of the province,” added Muir.

"Many board areas are now exhibiting sellers' market conditions with home prices advancing well above the overall rate of inflation."

The report came out the day after the Canadian Real Estate Association (CREA) released its own monthly figures.

According to the national association, nationwide MLS home sales rose 9.5 per cent compared with March 2014 levels and the average sale price rose 9.4 per cent year-over-year basis in March.

However, CREA added that Vancouver and Toronto’s figures had skewed the national average upwards significantly. Excluding Greater Vancouver and Greater Toronto, the average house price increased by 2.4 per cent year over year.

March sales were up from the previous month in nearly two-thirds of all Canada’s markets, led by Greater Vancouver and the Fraser Valley.



Recently Sold Listing 3419 Dundas Street, Vancouver, British Columbia


V1105197 - 3419 Dundas Street, Vancouver, British Columbia, CANADAI have just recently sold this listing at 3419 Dundas Street, Vancouver.

New Listing 3584 Dundas Street, Vancouver, British Columbia


V1116281 - 3584 Dundas Street, Vancouver, British Columbia, CANADAView my new listing for sale SOLD at 3584 Dundas Street, Vancouver and currently listed at $1,188,000.SOLD

1920's Vancouver Heights, character home perched high on QUIET street w/mountain & city views, spacious front porch and a "white picket fence"! This renovated, family home has updated electrical, plumbing & roof yet retains original woodwor k, refinished h/w floors & stained glass. Large lvgrm w/ gas f/p, maple cabinets, stainless appls, bright kitchen w/island & pantry - great for entertaining! Dining room overlooks large south-facing deck, apple tree & grassy backyard. Newer bathrooms on 3 levels, bath w/claw-foot tub & views! Large recrm down, office area & spare bdrm. 3 parking in back.

New Home Prices Drop Further in Vancouver and BC


New townhousesEven though resale prices in Greater Vancouver are at record levels this spring, the price of a new home in the city continued to decline in February, according to Statistics Canada figures released April 9.

Vancouver's new home prices stayed flat compared with January 2015 but fell 0.6 per cent year over year, continuing the trend of recent months.

The New Housing Price Index also fell 0.6 per cent year over year and maintained levels month over month across the whole of BC.

Victoria saw Canada’s biggest new home price decrease in February, falling 1.5 per cent year over year, although staying flat compared with January.

Vancouver and Victoria were two of only eight metropolitan regions to report decreases in new home prices in January, out of a total of 21 areas surveyed.

The index combines both home and land values. As in previous months, the above decreases in value were entirely attributed to developers reporting a drop in negotiated home prices, with land values remaining unchanged for several months.

Across Canada, the index increased 1.4 per cent year over year but fell 0.2 per cent month over month.

To read the full report and view the interactive statistics chart, click here.

 



New Listing 209 - 1485 W 6th Ave, Vancouver, British Columbia


V1115516 - 209 - 1485 W 6th Ave, Vancouver, British Columbia, CANADAView my new listing for sale SOLD at 209 - 1485 W 6th Ave, Vancouver and currently listed at $608,000.SOLD

BEST WESTSIDE VALUE. Large two bed/two bath suite plus den in The Carrara of Portico!! A premier Bosa development of South Granville. Exciting Location Just Steps to The Shops, Galleries, Granville Island. Superb plan, no wasted space, beau tiful building foyer, gym, hot tub, sauna, workshop and party room. Open kitchen that looks onto the dining and living room. Large master bdrm, den is an ideal office/study. Open floor layout w/ large spacious rooms, easily able to accommodate house sized furnishings. 1 parking & 1 storage locker. Second parking stall can be rented from Strata for $50 a month. Pets & rentals allowed w/restrictions. Buyer to verify meas. 40 rentals currently allowed. First showings opens Sat/Sun 2-4pm

Spring Fever in Vancouver Market with Home Sales Up 53.7%


Region's sales in March 32.6 per cent above the already impressive figures seen last month, and benchmark prices are up 7.2 per cent

Vancouver spring

Greater Vancouver's spring market has so far surpassed even the highest of expectations, with sales up a staggering 53.7 per cent year over year, according to Real Estate Board of Greater Vancouver (REBGV) figures released April 2.

Vancouver's sales were also 32.6 per cent above the already impressive figures seen last month, and 26.8 per cent above the region's 10-year average.

The benchmark price all residential homes in Greater Vancouver saw another notable increasing, rising to $660,700, which is 7.2 per cent above March 2014, echoing the trend of increasing year-over-year growth seen in the past months.

The rise in sales of townhouses outstripped growth of single-family detached home transactions in March.

Sales and Listings

Greater Vancouver MLS home sales totalled 4,060 in March, an increase of 53.7 per cent compared with March 2014, and a rise of 32.6 per cent compared with February  2015.

Detached single-family home sales increased 53.3 per cent compared with March 2014. This sharp increase was not enough to keep their highest-growth status after regaining it in February.

Townhomes and duplexes are proving an increasingly popular option, with sales of attached properties rising an impressive 72.3 per cent year over year.

Following a strong February, condo sales continued their growth, rising 47.1 per cent in March compared with March 2014.

New listings in Greater Vancouver in March were 13 per cent higher than the same month last year. But, following the downward trend of previous months, active listings were down 14.5 per cent, as inventory tightened even further.

Now undeniably a seller's market, the sales-to-active-listings rose to 32.8per cent, the highest since before the recession in July 2007.

What's Up, What's Down - At a Glance
 Mar/Feb 15Mar 15/14
Overall Sales +32.6% +53.7%
- Detached +32.0% +53.3%
- Attached +38.6% +72.3%
- Apartment +30.8% +47.1%
New Listings +8.2% +13.0%
Current Listings +4.0% -14.5%

 

“The number of homes for sale today is below what’s typical for this time of year,” said Darcy McLeod, the recently appointed REBGV president. “If you’ve been considering putting your property on the market, these market conditions indicate that now may be a good time to list.”

Benchmark Price (MLS® Home Price Index)

The benchmark price for all residential properties in Greater Vancouver now stands at $660,700, which is up 7.2 per cent year over year and up $11,000, or 1.7 per cent, compared with February's $649,700.

Single-family detached homes continued to see the highest price rises of all property types.

Despite the sharp year-over-year jump in condominium apartment sales, prices continued to grow only modestly.

The composite benchmark prices by housing type are:

Greater Vancouver MLS® Benchmark Prices % Change
 Mar 2015Mar/Feb 15Mar 15/14
Detached $1,052,800 +1.7% +11.2%
Townhome $484,900 +0.7% +4.9%
Apartment $390,200 +1.0% +3.3%
 

"We're seeing strong competition amongst home buyers today. This is leading to more multiple offer situations and some upward pressure on home prices,” said Darcy McLeod, REBGV president said. “For sellers, this means that it's taking less time, on average, for your home to sell if you have it priced correctly for today's market."

Home prices vary widely throughout the REBGV region. To get a good idea of home prices in a specific location, check the detailed MLS Home Price Index in the REBGV full statistics package.