Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to the beginning of 2011.
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....
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.
Continue reading "November 2011 Sales Stats: REBGV says: "it's a balanced market..."" »
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.
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.”
Continue reading "October 2011 Sales Stats: Balanced market?" »
This stunning 4500 sq. ft. family home in Caulfeild is open for viewing this weekend between 2.00 and 4.00 p.m. Feel free to pass by and take a look, or just have a chat. price $1,775,000 (the chat is free!)
Continue reading "Open House: 4650 Caulfeild dr. Sun. 30th" »
Spacious family residence on a large gated property in the heart of desirable Caulfeild. Extensively updated to discerning standards, this traditional home offers a gourmet kitchen and large principal rooms overlooking sunny decks and a professionally landscaped and fenced south-facing yard. With 4450 sq. ft. of living space over 3 levels, 1327 sq. ft. of decks and patios, 5 bedrooms, 4 baths and plenty of storage, this home provides all the space a large active family needs in a central, yet private, setting. A sought-after location, close to Caulfeild elementary school, Caulfield Village shopping and Rockridge high school. Offered at $1,775,000
Interesting article here from the Inman News on
Home prices in Greater Vancouver, Canada, continue to rise as the region's spring homebuying season got off to a strong start.
Buyers flocked to the market during the first quarter, fueled by heavy sales volume in the Richmond and Vancouver West areas. Although housing sales slowed in April, the benchmark housing price increased, topping $620,000. read full article
2012...end of the world? 7 trends impacting housing
Posted at 11:00 AM in buying, comment, market update, selling | Permalink | Comments (0) | TrackBack (0)
| Reblog (0)