peter townsend's vancouver real estate blog

2 Legal Lots: 1975 Trimble St. West Point Grey, Vancouver

Panoramic water, city and North Shore mountain views, just five blocks from Locarno Beach. A rare opportunity to purchase a full double width corner lot approx. 11,100 sq. ft. (2 legal lots) in this highly desirable location. $4,999,000. Read more

Just Listed: Great investment opportunity in low Shaughnessy

Superb location. Exclusive Low Shaughnessy / South Granville neighbourhood. Quiet, bright and substantially renovated. Rarely available 2-bedroom suite situated on sought-after, quiet-side of the building. Dark wood floors, elegant bath, upgraded kitchen, in-suite laundry, high ceilings and a large balcony. Parking and storage included. Well maintained and established building. Close to desirable South Granville shopping district, Granville Island, transit and minutes to Downtown. Pets and rentals allowed. More info or more images:

January 2012 Sales Stats

Selection broadens and demand eases to kick off 2012 in the Greater Vancouver housing market

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.

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

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....

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.

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.”

Open House: 4650 Caulfeild dr. Sun. 30th

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!)

Just Listed: 4650 Caulfeild drive. $1,775,000

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