Welcome to the blog section. In this blog I’ll be posting about what is happening around my neighbourhood (Yaletown & False Creek North), real estate and related issues. I won’t be posting new listings or open houses in this section, for that you can always go to my listings section. If you have any suggestions, please let me know, have fun.
Buyer’s market conditions continue in Greater Vancouver
Conditions in the Greater Vancouver housing market continued to favour buyers in August. Since April, prices have edged down slightly as the number of sales and the number of properties coming on to the market have been declining.
The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,202 in August 2010. This represents a 36 per cent decline from the 3,441 sales in August 2009, the second highest selling August ever recorded, and a 2.4 per cent decline compared to July 2010.
From a wider perspective, last month’s residential sales represent a 40.4 per cent increase over the 1,568 residential sales in August 2008, a 34.9 per cent decline compared to August 2007’s 3,384 sales, and a 26.6 per cent decline compared to August 2006’s 2,998 sales.
New listings for detached, attached and apartment properties declined 17.5 per cent to 3,750 in August 2010 compared to August 2009 when 4,544 new units were listed. Total active listings in Greater Vancouver currently sit at 15,421, a 6.1 per cent decline from last month and a 29 per cent increase from August 2009.
“We’re seeing moderate demand, low interest rates and a healthy but slowing stream of supply in our marketplace, all variables that favour those looking to purchase a home,” Jake Moldowan, REBGV president said. “The last few months have also shown some stability when it comes to price fluctuations in the region, which is a welcome trend after reaching record highs in April.”
Since spring, housing prices have decreased 2.8 per cent compared to the all-time high reached in April when the residential benchmark price was $593,419. Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.9 per cent to $576,597 in August 2010 from $539,600 in August 2009.
“Canada remains an attractive destination for foreign buyers, a fact that continues to affect activity in the Greater Vancouver housing market,” Moldowan said.
Sales of detached properties in August 2010 reached 893, a decrease of 34.7 per cent from the 1,367 detached sales recorded in August 2009 and a 66.9 per cent increase from the 535 units sold in August 2008. The benchmark price for detached properties increased 8.5 per cent from August 2009 to $795,076.
Sales of apartment properties reached 935 in August 2010, a decline of 36.1 per cent compared to the 1,464 sales in August 2009 and an increase of 26.4 per cent compared to the 740 sales in August 2008.The benchmark price of an apartment property increased 4.5 per cent from August 2009 to $385,968.
Attached property sales in August 2010 totalled 374, a decline of 38.7 per cent compared to the 610 sales in August 2009 and a 27.6 per cent increase from the 293 attached properties sold in August 2008. The benchmark price of an attached unit increased 6.6 per cent between August 2009 and 2010 to $489,511.
To download complete stats package click on the image.
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
Home sales activity in Greater Vancouver was quieter last month than most Julys over the past decade, with residential sales, prices, and the number of homes listed for sale trending downward in recent months.
The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,255 in July 2010. This represents a 45.2 per cent decline from the 4,114 sales in July 2009, the highest selling July ever recorded, and a 24.1 per cent decline compared to June 2010.
Looking back further, last month’s residential sales represent a 3.7 per cent increase over the 2,174 residential sales in July 2008, a 41.8 per cent decline compared to July 2007’s 3,873 sales, and a 17.5 per cent decline compared to July 2006’s 2,732 sales.
“With the pace of home sales and listings easing off in our market, we’ve begun to see a levelling of home prices from the record highs seen in the spring, creating greater affordability,” Jake Moldowan, REBGV president said. “Activity in today’s marketplace is clearly trending in favour of buyers.”
The number of properties listed for sale on the market has been trending downward since spring, with 4,138 new listings in July compared to April’s peak of 7,648. New listings for detached, attached and apartment properties in Greater Vancouver on the Multiple Listing Service® (MLS®) declined 17.9 per cent in July 2010 compared to July 2009, when 5,041 properties were listed for sale.
At 16,431, the total number of property listings on the MLS® in July declined 6.5 per cent compared to last month and increased 33 per cent compared to July 2009.
“It’s currently taking home sellers who work with a REALTOR®, on average, 45 days to sell their property, which is a historically healthy timeframe for people on both sides of a transaction,” Moldowan said.
Since spring, housing prices have decreased 2.8 per cent compared to the all-time high reached in April when the residential benchmark price was $593,419. Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 9.1 per cent to $577,074 in July 2010 from $528,821 in July 2009.
Sales of detached properties in July 2010 reached 908, a decrease of 43.7 per cent from the 1,614 detached sales recorded in July 2009 and a 9.8 per cent increase from the 827 units sold in July 2008. The benchmark price for detached properties increased 11.5 per cent from July 2009 to $793,193.
Sales of apartment properties reached 979 in July 2010, a decline of 42.7 per cent compared to the 1,708 sales in July 2009 and an increase of 1.3 per cent compared to the 966 sales in July 2008.The benchmark price of an apartment property increased 6.2 per cent from July 2009 to $387,879.
Attached property sales in July 2010 totalled 368, a decline of 53.5 per cent compared to the 792 sales in July 2009 and a 3.4 per cent decline from the 381 attached properties sold in July 2008. The benchmark price of an attached unit increased 8.6 per cent between July 2009 and 2010 to $490,995.
To download full stats package, please click on image.
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
No sales were reported for Aquarius Villas (1111 Marinaside Crescent) and Aquarius II (198 Aquarius Mews).
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
Great month for the Aquarius complex, there were a total of 6 sales in the four towers, so far is the best month.
June
2010
Sales at Aquarius II-1199 Marinaside Crescent
Total Sales
1
Average sqft
765
Average Asking Price
$ 614,900
Average Asking Price Per SQFT
$ 803
Average Selling Price
$ 602,500
Average Sale Price Per SQFT
$ 787
Sale Price to List Price Ratio
97%
Average Days On The Market
2
Sales at Aquarius II - 198 Aquarius Mews
Total Sales
4
Average sqft
769
Average Asking Price
$ 564,225
Average Asking Price Per SQFT
$ 729
Average Selling Price
$ 552,500
Average Sale Price Per SQFT
$ 717
Sale Price to List Price Ratio
98%
Average Days On The Market
9
Sales at Aquarius III - 189 Davie St.
Total Sales
1
Average sqft
535
Average Asking Price
$ 389,000
Average Asking Price Per SQFT
$ 727
Average Selling Price
$ 370,000
Average Sale Price Per SQFT
$ 691
Sale Price to List Price Ratio
95%
Average Days On The Market
225
No sales were reported for Aquarius Villas - 1111 Marinaside Crescent
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
No sales were reported for Aquarius II, Aquarius III and Aquarius Villas
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
The enclosed information while deemed to be correct is not guaranteed.
Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.
Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling
Imagine waking up and having your morning coffee in your private patio overlooking the calm waters of False Creek. After your morning coffee, you decide...
NW corner end unit in Yaletown Park with an excellent floor plan. Great Bldg, well maintained unit with private balcony. Mountain and water view extremely...
