Updates › March 2012

New Listing # 612 2055 YUKON ST, Vancouver, BC


V940558 - # 612 2055 YUKON ST, Vancouver, BC, CANADAView my new Apartment for sale at # 612 2055 YUKON ST, Vancouver and currently listed at $499,000.

Designer suite w/ custom millwork incl innovated library, wall wardrobe, murphy bed & storage. Quality H/W Flrg thru out, Radiant Flrg in both bathrooms, GAS Range, granite cntrtp, SS Appl & upgraded Full Size Duet Front Load W/D. Located on quiet side of building. NE/SE exposure Expansive 30ft window w/ breathtaking 180 degree view of N.Shore / Burnaby Mtn. Custom rollerblinds. Spacious 775sf of well-designed sophisticated living space. Lrg ensuite w/ window. Solid Concrete Building by reputable Bastion Development built w/ Rainscreen technology. Well located Prkg, huge Lkr. Conveniently located on the WestSide nxt to Cambie Corridor incl. WholeFoods, LondonDrugs, Milestones, HomeSense & Canada Line.

Greater Vancouver housing market trends near long-term averages as spring market approaches


VANCOUVER, B.C. – March 2, 2012 – Closer alignment between home buyer and seller activity helped bring greater balance to the Greater Vancouver housing market in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,545 on the MLS® system in February 2012. This represents a 61.4 per cent increase compared to the 1,577 sales recorded in January 2012, a decline of 17.8 per cent compared to the 3,097 sales in February 2011 and a 2.9 percent increase from the 2,473 home sales in February 2010.

February sales in Greater Vancouver were the third lowest February total in the region since 2002, though only 151 sales below the 10-year average.

“With a sales-to-active-listings ratio of over 18 per cent, we see fairly balanced conditions in our marketplace as we move into the traditionally busier spring season,” Rosario Setticasi, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,552 in February 2012. This represents a 2.5 per cent decline compared to February 2011 when 5,693 properties were listed, and a 3.5 per cent decline compared to January 2012 when 5,756 homes were added to the MLS® in Greater Vancouver.

Last month’s new listing count was the second highest February total in Greater Vancouver since 1996.

At 14,055, the total number of residential property listings on the MLS® increased 12 per cent in February compared to last month and increased 17.9 per cent from this time last year.

“Region-wide we’ve seen relative stability in home prices over the last six months, but it’s important to do your homework and consult your REALTOR® because pricing can vary considerably depending on the neighbourhood and property type,” Setticasi said.

The MLS® HPI benchmark price for all residential properties in Greater Vancouver currently sits at $670,900, up 6 per cent compared to February 2011 and an increase of 0.9 per cent compared to January 2012. The benchmark price for all residential properties in the Lower Mainland is $601,300, an increase of 5.5 per cent compared to February 2011.

Sales of detached properties on the MLS® in February 2012 reached 1,101, a decline of 21.5 per cent from the 1,402 detached sales recorded in February 2011, and a 12 per cent increase from the 983 units sold in February 2010. The benchmark price for detached properties increased 10.5 per cent from February 2011 to $1,042,900.

Sales of apartment properties reached 1,020 in February 2012, a decline of 15.4 per cent compared to the 1,206 sales in February 2011, and a decrease of 5 per cent compared to the 1,074 sales in February 2010. The benchmark price of an apartment property increased 2.8 per cent from February 2011 to $373,300.

Townhome property sales in February 2012 totalled 424, a decline of 13.3 per cent compared to the 489 sales in February 2011, and a 1.9 per cent increase from the 416 townhome properties sold in February 2010. The benchmark price of a townhome unit increased 0.7 per cent between February 2011 and 2012 to $472,800.

 



New Listing # 607 251 E 7TH AV, Vancouver, BC


V935425 - 607 - 251 E 7th Ave, Vancouver, British Columbia, CANADAView my new listing for sale SOLD at 607 - 251 E 7th Ave, Vancouver and currently listed at $421,000.SOLD

Brand New 'District' Located off Main St. Walking distance to Olympic Village, trendy restaurants/coffee bar, transit & shopping. This spacious 1 bdrm corner home features wrap around wndows w/great city & mountain views. Bright open flr plan w/window in the kitchen providing abundance of natural light & fresh air. SW facing balcony to soak up the sun. Solid concrete home features overheight 9' ceiling, beautiful Matte White Oak Flooring, Warm Oak cabinetry, Quartz countertop in kitchen & bath. Full size SS appl., including dbl-door fridge, full size insuite laundry. Amenities incl gym, lounge area, common rooftop view deck w/BBQ & gas F/P. Parking & storage included. 2-5-10 warranty. Pet & rentals allowed.