|
SOLD!
510 E 11th Avenue
Vancovuer
Charming spacious, bright and well maintained FRONT 1/2 duplex in super convenient Mr. Pleasant. Excellent flrpln with 3 bdrms and nook up, and powder and laundry rms on main flr for your convenience. Enjoy gorgeous h/w floors, s/s appliances, cosy gas f/p, high ceilings and lots of windows. Single car garage and huge crawl space to meet your storage needs. Fenced yard for your pets and children and lovely balcony off master bedrm for you! Florence Nightingale Elementary at the corner. Make a smart and affordable move! LP: $699,500
|
|
SOLD!
1367 W 7th Avenue
Vancouver
Treat yourself to the old world charm of this classic London inspired townhome. Step through the wrought iron gates into a beautiful garden courtyard. Tucked away on a quiet tree-lined street this corner unit features bay windows, skylights, two fireplaces, parquet flooring and extensive millwork unlike anything currently available in Vancouver. This inspired space offers house-size living, dining and rec rooms. Enjoy a view of the city from your massive master bedroom w/luxurious marble ensuite; simply the largest 2-bed townhome available. New light fixtures, paint, newer s/s appliances, the list goes on and on. Don't miss your chance to live a life of convenience, class and inspiration at Wemsley Mews. $799,900
|
|
|
Greetings!
Happy New Year! I wish you and your family nothing but the best in 2012. Given the ever changing global markets we are looking forward to what 2012 has in store for the Canadian economy and more specifically the housing market in Greater Vancouver. Early indicators point to market conditions similar those of 2011 with continued balance in most areas. |
Balanced real estate market prevailed through much of 2011:
VANCOUVER, B.C. - January 4, 2012 - The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand....
"It was a relatively balanced year for the real estate market in Greater Vancouver with listing totals slightly above historical norms and sales numbers slightly below," Rosario Setticasi, REBGV president said....
The overall residential benchmark price, as calculated by the MLSLink Housing Price Index®, for Greater Vancouver increased 7.6 per cent to $621,674 between Decembers 2010 and 2011. However, prices have decreased 1.5 per cent since hitting a peak of $630,921 in June 2011.
"Our market remained in a balanced state for most of the year, although higher levels of demand for detached properties in the region's largest communities caused prices in certain areas to rise higher than others," Setticasi said. "For example, the benchmark price of a single-family detached home experienced double-digit increases in nine areas within the region over the last 12 months." |
December 2011 in your neighbourhood:
North Vancouver:
|
Avg Sale Price (year to date) | Median Sale Price |
Sales | Listings |
% Sales to Listings | | Detached Homes |
$1,038,667 | $982,000 |
53 | 32 |
166% | |
Townhomes & Duplexes |
$646,351 | n/a |
17 | 10 |
170% | | Condos |
$400,029 | $380,000 |
62 | 49 |
127% |
West Vancouver:
|
Avg Sale Price (year to date) | Median Sale Price | Sales | Listings | % Sales to Listings | | Detached Homes |
$2,178,983 | $1,600,000 |
38 | 35 |
109% | | Townhomes & Duplexes |
$1,121,955 | n/a |
0 | 5 |
0% | | Condos |
$1,025,217 | n/a |
11 | 8 |
138% |
|
|
Out with the old, in with the new...
2011 brought us one of the most dynamic years the mortgage industry has seen in a long time. We saw an end to the 35 year amortization on hi-ratio mortgages, intense competition on some of the lowest Fixed Rates in history, and an end to the deep discounts on variable rate mortgages that many had grown accustomed to. As for 2012, much will depend on the economic recovery. Most analysts expect rates to continue to stay low, both the BOC and the FED want to do everything they can to stimulate an uncertain economy. For potential home owners, the best deals are currently had in the 5 year fixed mortgage products - given the ability to lock in today in an uncertain future, this is a trend I see continuing to grow. |
|
|
|
|
|
|
