peter townsend's vancouver real estate blog

Just Sold: 8545 Seascape Court. World Class Ocean views...

I just sold this perfect 2450 Sq. ft. townhouse property in Seascape court, West Vancouver. World class, panoramic ocean views from all floors and decks. List price $836,000. For those of you who don't know; Seascapes is a small development of townhouses just five minutes drive from Caulfeild mall & Rockridge high school. If you would like to know more about property in the Seascapes community just give me a call. 604 218 2903

2012...end of the world? 7 trends impacting housing

How much water is your home wasting?

I found this fantastically compelling information on the Jetson Green blog click here to read

December 2011 Year End Market Update REBGV

 

2011 Sales Stats: A Tale of Two Cities

Depending on where you live in Vancouver, this year has been a real Tale of Two Cities: little or no growth in value in areas like Coquitlam, Pitt Meadows & New Westminster. Value & price reductions in Squamish for the second year. A little sales action on the Sunshine coast & Whistler... but nothing really too jump  & shout about, and as we all know, high double digit increases in Burnaby, Vancouver West, and North & West Vancouver!

However the  15.8% increase in the average bench mark price for a detached house in West Vancouver in 2011, is almost entirely due to the sale of properties between the Lions Gate bridge and Caulfeild. West of Caulfeild seems to be a slightly different tale of activity. Susbsequently residents of "West" West Vancouver should be considering their strategy and their target demographic a little differently if they wish to sell this year. If you would like to know more about my ideas on this, please give me a call. 604 218 2903

For those of you who just wish to know the numbers for the year read on!...probably just before going to bed....

Scottie's renovating West vancouver #5

With the 2011 Christmas holidays just over, I have to admit I have not managed to keep up with my friend Scottie as he completes his "from the studs up" reno on his mid-century modern home in West Vancouver's Eagle Harbour. Last time we spoke, the reno was proving even more arduous as build and reno projects for clients had naturally taken precedent over the renovation and transformation of his own home. Still, the good news is, for those of you that really care, he was able to enjoy the holidays with a fully functioning kitchen and experience the warmth and comfort afforded to him via his stunning underfloor heating system!

The perfect Christmas gift for your coffee table...

One of my favourite current architects, and practically a local boy. A great gift for your coffee table...

November 2011 Sales Stats: REBGV says: "it's a balanced market..."

Historically normal activity keeps the Greater Vancouver housing market in a balanced state?

The Greater Vancouver housing market saw relatively typical home sale and listing activity in November. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This represents a 5.9 per cent decline compared to the 2,509 sales in November 2010 and a 1.9 per cent increase compared to the 2,317 sales recorded in October 2011.

Sold 5745 Westport court, Eagle Harbour

This wonderful 5200 sq. ft. family home in Eagle Harbour has just sold to clients who recently sold their home in Dundarave. However, this home was one of only 13 homes priced above $1.4 million to sell in the Eagle Harbour area so far this year, and one of only 4 homes to sell priced over $1,750,000 in Eagle Harbour in 2011.

 

October 2011 Sales Stats: Balanced market?

Greater Vancouver at lower end of balanced housing market

With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years.

“Right now, prospective home buyers have a good selection of properties to choose from and more time to make decisions,” Rosario Setticasi, REBGV president said. “Home sellers should be mindful of local market conditions to ensure they are pricing their properties competitively.”