Vancouver Real Estate Specialist

Blog › February 2016

Recently Sold Listing 206 - 7275 Salisbury Avenue, Burnaby, BC


R2037312 - 206 - 7275 Salisbury Avenue, Burnaby, BC, CANADAI have just recently sold this listing at 206 - 7275 Salisbury Avenue, Burnaby.

New Listing 206 - 7275 Salisbury Avenue, Burnaby, BC


R2037312 - 206 - 7275 Salisbury Avenue, Burnaby, BC, CANADAView my new listing for sale SOLD at 206 - 7275 Salisbury Avenue, Burnaby and currently listed at $259,000.SOLD

This fully renovated 2 bedroom unit has a great layout with bedrooms on different sides, separate dining area, a master bedroom large enough to fit a king size bed & access to the main bathroom. Upgrades include kitchen & bathroom cabinets, bathroom tiling, flooring throughout & paint. Located in one of the most convenient places to live in with schools, recreation centres, parks, library, skytrain only minutes away & walking distance to Highgate Shopping Centre. Heat & hot water are covered in your maintenance fee. 1 parking spot & 1 storage locker. Rentals allowed with restrictions. Sorry no pets.

Recently Sold Listing 208 - 9101 Horne Street, Burnaby, BC


R2034439 - 208 - 9101 Horne Street, Burnaby, BC, CANADAI have just recently sold this listing at 208 - 9101 Horne Street, Burnaby.

New Listing 208 - 9101 Horne Street, Burnaby, BC


R2034439 - 208 - 9101 Horne Street, Burnaby, BC, CANADAView my new listing for sale SOLD at 208 - 9101 Horne Street, Burnaby and currently listed at $204,000.SOLD

Why rent when you can own a spacious 1 bedroom unit like this under $205K? Notable features include gas fireplace, laminate flooring throughout, separate dining area, double sink in the bathroom and large balcony. One of the most convenient places to live in with schools, recreation centres, parks, skytrain only minutes away and walking distance to Lougheed Town Center. Heat, Hot water, Gas are covered in your maintenance fee. Amenities include an indoor pool, hot tub, exercise center and events lounge with pool and ping pong tables. 1 parking spot and 1 storage locker. Pet and rental friendly. Oh and, all furniture is included - just bring your bags!

New Listing 24 - 1141 Eagleridge Drive, Coquitlam, BC


R2035204 - 24 - 1141 Eagleridge Drive, Coquitlam, BC, CANADAView my new listing for sale SOLD at 24 - 1141 Eagleridge Drive, Coquitlam and currently listed at $475,000.SOLD

Completely renovated tastefully with brand new stainless steel appliances and new flooring, new bathrooms, new illuminous electric fireplace, all with city's final approval. A big fully fenced south facing backyard for kids and pets to play safely. Just steps to Scott Creek Trail and all levels of schools. Must see to appreciate. All measurements are only approximates and buyer must verify if deemed important.

Recently Sold Listing 2 7307 MONTECITO DRIVE, Burnaby, BC


R2026608 - 2 7307 MONTECITO DRIVE, Burnaby, BC, CANADAI have just recently sold this listing at 2 7307 MONTECITO DRIVE, Burnaby.

January 2016 Stats - Home buyer competition keeps home sellers in the driver’s seat


January 2016 Vancouver Real Estate Stats in a nutshell:

Compared to last January, the property sales had an increase of 31.7% and there was a 6.2% decline in property listings. MORE demand, LESS supply = a Seller's market.

If you are thinking about selling, NOW is the time! And if you are on the buying side, work with a Realtor that knows the market to save you time and money. 

Call or e-mail me! 604-505-1858 or info@sevinatilla.com

 

Home buyer activity remains at near record levels across the Metro Vancouver housing market.

Residential property sales in Greater Vancouver totalled 2,519 in January 2016, an increase of 31.7 per cent from the 1,913 sales recorded in January 2015 and a 10.9 per cent decline compared to December 2015 when 2,827 home sales occurred.

Last month’s sales were 46 per cent above the 10-year sales average for the month and rank as the second highest January on record.

“Fundamental economics are driving today’s market. Home buyer demand is at near record heights and home seller supply is as low as we’ve seen in many years,” Darcy McLeod, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,442 in January 2016. This represents a 6.2 per cent decline compared to the 4,737 units listed in January 2015 and a 119.8 per cent increase compared to December 2015 when 2,021 properties were listed.

“The MLS® is the most powerful real estate marketing system in the country. If you’re thinking of selling, it’s important to talk with your REALTOR® about putting your home on the MLS® system to ensure your property gets maximum exposure,” McLeod said.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 6,635, a 38.6 per cent decline compared to January 2015 (10,811) and a 10.1 per cent increase compared to December 2015 (6,024).

The sales-to-active listings ratio for January 2016 is 38 per cent. This is indicative of a seller’s market.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period of time.

Sales of detached properties in January 2016 reached 1,047, an increase of 34.1 per cent from the 781 detached sales recorded in January 2015. The benchmark price for detached properties increased 27.9 per cent from January 2015 to $1,293,700.

Sales of apartment properties reached 1,096 in January 2016, an increase of 35.5 per cent compared to the 809 sales in January 2015.The benchmark price of an apartment property increased 19.4 per cent from January 2015 to $456,600.

Attached property sales in January 2016 totalled 376, an increase of 16.4 per cent compared to the 323 sales in January 2015. The benchmark price of an attached unit increased 16.4 per cent from January 2015 to $563,700.

 

http://www.rebgv.org/sites/default/files/201601-REBGV-Stats-Package-for-Media.pdf