Blog posts labelled: condo

July 2018 Metro Vancouver Results

Posted on August 15, 2018 by Amalia Liapis

Posted in: Condo , Condominiums , Detached Home , Housing , Market Statistics , Metro Vancouver , Real Estate , Townhome , Vancouver Real Estate

Below you will find a snapshot of June and July 2018 figures in contrast to the same month last year broken down by detached properties, condos and townhomes.

Source: Real Estate Board of Greater Vancouver

For a more detailed look at the July 2018 Metro Vancouver report, click here. For all your real estate needs, contact our offices at 604-801-6654 or alternatively at info@wesellvancouver.ca.

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KENSINGTON GARDENS - COMMUNITY PROFILE

Posted on April 24, 2017 by Amalia Liapis

Posted in: Apartment , Cedar Cottage , Community Profile , Condo , For Sale , Kensington Gardens , Kensington Heights , Real Estate , Residential , Vancouver

We're not just selling a home, we're selling the community. With a walk score of 86, it's no doubt that our newest listing at 808-2220 Kingsway Street is in a prime location. Take a look at our community profile to see what's in the area! Contact Amalia Liapis at 604-618-7000 or at amalia@wesellvancouver.ca for more details. Additional information can be found here.

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501-630 Victoria Street

Posted on December 19, 2016 by Amalia Liapis

Posted in: Apartment , Community , Community Profile , Condo , Downtown NW , For Sale , Lower Mainland , Metro Vancouver , New Listing , New West , New Westminster , Real Estate , Residential , Sale

We're not just selling a home, we're selling the community. With a walk score of 96, it's no doubt that our newest listing at 503-610 Victoria Street is in a prime location. Take a look at our community profile to see what's in the area! Contact Amalia Liapis at 604-618-7000 or at amalia@wesellvancouver.ca for more details. Additional information can be found here.

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FOR SALE - DOWNTOWN NEW WESTMINSTER APARTMENT

Posted on December 12, 2016 by Amalia Liapis

Posted in: Apartment , Condo , Downtown , For Sale , New Westminster , Purchase , Real Estate , Residential , Water View

Beautiful city and water views from this spacious 630SF one bed and one bath unit in the heart of Downtown New Westminster. This property is in a prime location just steps away from transit hubs, restaurants, shopping, gyms and more! Asking Price: $330,000.00. More details here.

Contact Amalia Liapis at 604-618-7000 or at amalia@wesellvancouver.ca for additional information on this property!

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Changing Market Dynamics

Posted on October 24, 2016 by Amalia Liapis

Posted in: Apartment , Condo , Detached Home , Housing Market , Market Statistics , Metro Vancouver , Real Estate , rebgv , Residential , Residential Sales , Statistics , Townhouse , Vancouver

Residential sales in the Metro Vancouver area has seen a decrease of 32.6% in September 2016 compared to the same month last year (from 3,345 down to 2,253) and a decrease of 9.5% compared to August 2016. Sales from last month were 9.6% below the 10-year sales average for the month.

“Supply and demand conditions differ today depending on property type,” Dan Morrison, REBGV president said. “We’re seeing more demand for condominiums and townhomes today than in the detached home market.”

There was a total of 4,799 new listings for detached, attached and apartment properties in Metro Vancouver for September 2016 which is a 1% decrease from the 4,846 units listed in September 2015. On the other hand, it was an 11.8% increase compared to August 2016 (4,293 listings). Current homes listed for sale on MLS® in the Metro Vancouver area has seen a 13.4% decrease (9,354 listings) compared to September 2015 and a 10% increase (8,506 listings) compared to August 2016. The sales-to-active listings ratio has been the lowest since February 2015 with a ratio of 24.1%.

“Changing market conditions are easing upward pressure on home prices in our region,” Morrison said. “There’s uncertainty in the market at the moment and home buyers and sellers are having difficulty establishing price as a result. To help you understand the factors affecting prices, it’s important to talk with a REALTOR®.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $931,900. This represents a 28.9 per cent increase compared to September 2015 and a 0.1 per cent decline compared to August 2016. As for specific statistics on detached homes, apartments and townhouses from last month, you can refer to the image above. Detached property sales saw a decrease of 47.6% compared to September 2015 while their benchmark price increased by 33.7%. Sales for apartments saw a decrease of 20.3% and benchmark price increased by 23.5% in contrast to September 2015. Lastly, attached properties sales decreased by 32.2% and their benchmark price increased by 29.1% compared to September 2015.

For all your real estate needs, contact the WeSellVancouver team at info@wesellvancouver.ca or alternatively at 604-801-6654.

Source: Real Estate Board of Greater Vancouver

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