Newsletter for February 2017

Under Information for Buyers, Information for Home Owners, Information for Sellers, Market Update, Market Updates, New Developments, New Listings, Presales, REBGV Stats, Selling a Home in Vancouver, Sold, State of the Market, Uncategorised, Valuable Links, Vancouver, Views

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Written on February 6th, 2017

 

 

Here’s a quick look at what’s happening in Vancouver Real Estate.

Update

February 2017 Market Update & Analysis

When you’ve got a moment, have a quick look at some of the most recent stats and analysis of a couple different areas and property types.  Please feel free to get in touch with me anytime if you’d like to discuss any of these stats in greater detail, and / or if you’d like me to send you any information that’s more specific to your neighborhood and property type.

EASTSIDE ATTACHED (Condos & Townhomes):

  • Sellers market at 40% Sales Ratio average (4 in 10 homes selling rate).
  • Homes are selling on average at list price.
  • Most Active Price Band* $300,000 to $400,000 with average 66% Sales Ratio (Sellers market).
  • Buyers Best Bet* Homes between $900,000 to $1 mil, Killarney, Victoria and 3 bedroom properties.
  • Sellers Best Bet** Selling homes in Collingwood, Downtown, Mt. Pleasant and up to 1 bedroom properties.

NORTH VANCOUVER DETACHED:

  • Balanced market at 16% Sales Ratio average (1.6 in 10 homes selling rate)
  • Homes are selling on average 3% below list price.
  • Most Active Price Band* $1 mil to $1.25 mil with average 43% Sales Ratio (Sellers market).
  • Buyers Best Bet* Homes between $1.75 mil to $2 mil, Canyon Heights and 5 to 6 bedroom properties.
  • Sellers Best Bet* Selling homes in Lynn Valley, Upper Lonsdale and 3 to 4 bedroom properties.

*With a minimum inventory of 10 in most instances.

Alberni by Kengo Kuma…

Westbank recently unveiled this exciting new architectural masterpiece which is sure to become a landmark development in Vancouver’s Coal Harbour, noting that they welcomed the largest turnout in Vancouver history for the launch of a project exceeding their previous record holder, the Vancouver House.

With pre-sale price per foot records recently being broken at the nearby Cardero development by Bosa, Westbank is looking to build off of that momentum, and although prices are yet to be finalized, have announced that they are expecting that they typical home price will be in the $2,000 per square foot range, with sales most likely commencing in March.

Click on the pic below to view a short preview video of this development, and if you’d like any further information on the exclusive sales process that Westbank has outlined please feel free to contact me anytime.


 

 

 

 

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