direct:  604 990 6464
email:  gary@garyborn.com

Blog › November 2012

Recently Sold Listing # 201 123 E KEITH RD, North Vancouver, BC


V974392 - 201 123 Keith Rd E Road, North Vancouver, BC, CANADAI have just recently sold this listing at 201 123 Keith Rd E Road, North Vancouver.

New Listing 783 REGAL CR, North Vancouver, BC


V979537 - 783 Regal Crescent, North Vancouver, British Columbia, CANADAView my new listing for sale SOLD at 783 Regal Crescent, North Vancouver and currently listed at $1,225,000.SOLD

Family sized - quiet area! This home will comfortably fit a large family with 5 bedrooms, 4.5 baths & over 3900sf. You'll love the main with spacious oak kitchen & granite counters, soaring ceilings, wood parquet floors & open floorplan. The master quarters boast double sinks, separate shower & jetted tub. The basement is a fitness & games paradise with plenty of room for the weights, pool table, foosball & ping pong table. Outside entertaining is a breeze with the massive partially covered sundeck which overlooks the hot tub room in the south-facing back yard. Relax...there's hardly any traffic in the C-D-S.

Market Report for October 2012


Housing market sees slight changes in October

The Greater Vancouver housing market saw a slight increase in the number of home sales, a slight reduction in the number of listings, and a slight decrease in home prices in October compared to the summer months. With those changes, the sales-to-active-listings ratio increased to 11 per cent in October from 8 per cent in September.

The Real Estate Board of Greater Vancouver (REBGV) reported 1,931 residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) in October, a 16.7 per cent decline compared to the 2,317 sales in October 2011 and a 27.4 per cent increase compared to the 1,516 home sales in September 2012.

October sales were 28.5 per cent below the 10-year October sales average of 2,700.

“Buyer demand increased slightly in October compared to the previous few months,” Sandra Wyant, REBGV president-elect said. “Overall conditions in today’s market remain in favour of buyers, with low interest rates, more choice, and less time pressure in terms of decision-making. This translates into a calmer atmosphere for those looking to buy a home and it places more onus on sellers to ensure their homes are priced to compete in today’s marketplace.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,323 in October. This represents a 1.2 per cent decline compared to October 2011 when 4,374 properties were listed for sale on the MLS® and an 18.8 per cent decline compared to the 5,321 new listings in September 2012.

At 17,370, the total number of residential property listings on the MLS® increased 12 per cent from this time last year and declined 5.3 per cent compared to September 2012.

Since reaching a peak of $625,100 in May, the MLS Home Price Index® (MLS HPI®) composite benchmark price for all residential properties in Greater Vancouver declined 3.4 per cent to $603,800 in October. This represents a 0.8 per cent decline compared to last year.

“There’ve been modest price changes since they peaked in the spring. The largest reductions have occurred in the areas and property types that experienced the biggest price increases over the last few years,” Wyant said.

Since hitting a record high in April, the benchmark price of a detached home on the Westside of Vancouver has declined 8.6 per cent while detached homes in Richmond and West Vancouver have seen declines of 6 per cent over the same time period.

Sales of detached properties in Greater Vancouver reached 790 in October, a decrease of 18.9 per cent from the 974 detached sales recorded in October 2011, and a 19.1 per cent decrease from the 976 units sold in October 2010. Since reaching a peak in May, the benchmark price for a detached property in Greater Vancouver has declined 4.1 per cent to $927,500.

Sales of apartment properties reached 803 in October 2012, a 16.2 per cent decrease compared to the 958 sales in October 2011, and a decrease of 18.4 per cent compared to the 984 sales in October 2010. Since reaching a peak in May, the benchmark price for an apartment property in Greater Vancouver has declined 2.9 per cent to $368,800.

Attached property sales in October 2012 totalled 338, an 11.5 per cent decrease compared to the 382 sales in October 2011, and a 10.3 per cent decrease from the 377 attached properties sold in October 2010. Since reaching a peak in April, the benchmark price for an attached property in Greater Vancouver has declined 2.9 per cent to $457,700.

2012 10 northvancouver hpi 5 year trend graph copy

2012 10 westvancouver hpi 5 year trend graph copy

 



Recently Sold Listing # 101 3389 Capilano Crescent, North Vancouver, BC


V974158 - # 101 3389 Capilano Crescent, North Vancouver, British Columbia, CANADAI have just recently sold this listing at # 101 3389 Capilano Crescent, North Vancouver.

New Listing # 101 3389 Capilano Crescent, North Vancouver, BC


V974158 - # 101 3389 Capilano Crescent, North Vancouver, British Columbia, CANADAView my new listing for sale SOLD at # 101 3389 Capilano Crescent, North Vancouver and currently listed at $788,000.SOLD

One of the largest units available in CAPILANO ESTATES. Enjoy entertaining in the open plan dining and living area with gas fireplace and patio access. This 2 bedroom and den home features dark hardwood floor throughout, California blinds, and a large bright kitchen with adjoining eating area. A generous master bedroom with the privacy of a 5-piece ensuite completes this lovely west-facing ground floor patio unit. One of the largest floorplans in the development with house-sized rooms including the oversized laundry plus two secured underground parking stalls and locker. Floorplan available.