RSS

We have sold a property at 212 2128 40TH AVE W in Vancouver
We have sold a property at 212 2128 40TH AVE W in Vancouver.
You'll love this spacious and bright 1 bedroom plus Flex space at Kerrisdale Gardens. This is the one you want boasting a walk out 393 sq foot south facing patio. Ideal for those craving outdoor space. The suite is immaculate like new with top of the line finishes. The Flex space makes a nice home office. Great walkable location steps to Kerrisdale shopping, the Arbutus Greenway right across the street and so much more. 1st viewings Sun Sept 12th by appt only.
Read


Vancouver's real estate market was strong during the summer.


With COVID-19 restrictions slowly being lifted, people are being able to travel and do other things rather than buy and sell real estate.


With September 2021 in effect, we are starting off the season seeing a low supply, which is keeping prices fairly firm.


Interest rates remain rock-bottom and as we are nearing an election, it may sometimes drive people to think there is some uncertainty which may cause them to hold off on buying. There is also discussion among election parties about foreign buyers being restricted from buying real estate.


We do, however, have record-low interest rates, and going forward, the market is looking fairly stable, and we could see buyer demand pick up in the fall, which will cause potential prices to continue to trend higher.

Read

ANDREW AND JILL'S REAL ESTATE BOARD LATEST 2021 STATS PACK FOR VANCOUVER

The August 2021 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.

  • Activity Snapshot by Property Type
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot

If you are interested in a report like this is for other areas, please contact me to request it and I'll send it to you.

DOWNLOAD VANCOUVER EAST & WEST

Read

New property listed in Kerrisdale, Vancouver West
We have listed a new property at 212 2128 40TH AVE W in Vancouver.
You'll love this spacious and bright 1 bedroom plus Flex space at Kerrisdale Gardens. This is the one you want boasting a walk out 393 sq foot south facing patio. Ideal for those craving outdoor space. The suite is immaculate like new with top of the line finishes. The Flex space makes a nice home office. Great walkable location steps to Kerrisdale shopping, the Arbutus Greenway right across the street and so much more. 1st viewings Sun Sept 12th by appt only.
Read

We have sold a property at 304 1665 ARBUTUS ST in Vancouver
We have sold a property at 304 1665 ARBUTUS ST in Vancouver.
Looking for location, this is it! Steps to Kits Beach you'll love this bright oversized 1 bedroom boasting a serene outlook on the NE corner of this small 14 unit strata. Both the bedroom and living area have high vaulted ceilings. Loads of natural light streams into this home. The balcony is a spacious 137 sq feet and is accessed off the living area. The overall layout is an open concept contemporary plan. The suite is freshly painted. Kitchen and bathrooms are waiting for a remodel. Sorry rentals are at max. This is a gem of a suite and won't last. All viewings are strictly by appt only.
Read

We have sold a property at PH 9 1011 KING EDWARD AVE W in Vancouver
We have sold a property at PH 9 1011 KING EDWARD AVE W in Vancouver.
Sparking completely renovated 1 bedroom. Noth to do but move in. Everything has been redone and its move-in ready. Top floor unit with 9 ft ceilings in LR. Bright south facing unit. The location is totally walkable close to shopping, schools, parks and transit. Quiet well maint building w very healthy contingency. Building recently re roofed in 2017 and exterior paint in 2016. Sorry, no dogs or cats and rentals are maxed at 5 units. Ideal for move in only.
Read

Summer sees home listing supply decline across Metro Vancouver

While home buyers have remained active in Metro Vancouver throughout the summer, the supply of homes for sale has declined steadily since June.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4 per cent increase from the 3,047 sales recorded in August 2020, and a 5.2 per cent decrease from the 3,326 homes sold in July 2021.

Last month’s sales were 20.4 per cent above the 10-year August sales average.

“August was busier than expected, and listings activity isn’t keeping up with the pace of demand. This is leaving the market under supplied.” said Keith Stewart, REBGV economist.

There were 4,032 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2021. This represents a 30.6 per cent decrease compared to the 5,813 homes listed in August 2020 and a 7.9 per cent decrease compared to July 2021 when 4,377 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,005, a 29.7 per cent decrease compared to August 2020 (12,803) and an 8.6 per cent decrease compared to July 2021 (9,850).

“Housing supply is the biggest factor impacting the market right now. To help relieve pressure on prices and improve peoples’ home buying options, the market needs a more abundant supply of homes for sale.” Stewart said. “Housing affordability has been a key issue in the federal election. We encourage the political parties to focus on policy solutions that will help streamline the creation of more diverse housing options for hopeful home buyers today and into the future.”

For all property types, the sales-to-active listings ratio for August 2021 is 35 per cent. By property type, the ratio is 25.3 per cent for detached homes, 51.8 per cent for townhomes, and 39.2 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“When assessing the market, it’s important to understand that while year-over-year price increases have reached double digits, most of the increases happened three or more months ago,” Stewart said. “To better understand the latest home price trends in your preferred location and home type, talk with your local REALTOR®.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,176,600. This represents a 13.2 per cent increase over August 2020 and a 0.1 per cent increase compared to July 2021.

Sales of detached homes in August 2021 reached 945, a 13.7 per cent decrease from the 1,095 detached sales recorded in August 2020. The benchmark price for a detached home is $1,807,100. This represents a 20.4 per cent increase from August 2020 and a 0.3 per cent increase compared to July 2021.

Sales of apartment homes reached 1,631 in August 2021, a 22.4 per cent increase compared to the 1,332 sales in August 2020. The benchmark price of an apartment property is $735,100. This represents a 7.6 per cent increase from August 2020 and a 0.2 per cent decrease compared to July 2021.

Attached home sales in August 2021 totalled 576, a 7.1 per cent decrease compared to the 620 sales in August 2020. The benchmark price of an attached home is $952,600. This represents a 16.5 per cent increase from August 2020 and a 0.3 per cent increase compared to July 2021.



GET THE FULL REPORT

Read

We have sold a property at 302 2140 12TH AVE W in Vancouver
We have sold a property at 302 2140 12TH AVE W in Vancouver.
Move in and enjoy this nicely renovated 1 bedroom plus den. Suite is north facing towards W 12thand boasts a lovely treed outlook. The suite is impeccably kept with pride of ownership. Lovely updated bright kitchen opens to the living & dining area. Great insuite storage room plus external storage too. Walk to Arbutus Walk shopping and close to the Greenway and steps to Connaught Park. You will love this location. The building is very well kept too. This condo offers great square footage. BY APPT ONLY. Pets allowed. Rentals are at the max.
Read
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.