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Blog › September 2012

New Listing # 201 123 E KEITH RD, North Vancouver, BC


V974392 - 201 123 Keith Rd E Road, North Vancouver, BC, CANADAView my new listing for sale SOLD at 201 123 Keith Rd E Road, North Vancouver and currently listed at $625,000.SOLD

Welcome to Victoria Place,one of NVans most sought-after bldgs with just 2 suites per floor. You don't need to be high up to capture the view stretching from Lions Gate Bridge, past the harbour, out to Metro Town & Mt Baker. The northern balcony off the master takes in the beauty of  Victoria Park. There is a high tech window system on the massive south facing balcony which allows the owner to close the windows during cold months for use all year round. This unit has been lovingly cared for by the original owner offering spacious comfortable rooms, kitchen with eating area and cozy gas fireplace. With easy access to the amenities of both Central and Lower Lonsdale, its the perfect location. NOW SOLD SUBJECT TO PROBATE.

New Listing # 121 1111 E 27TH ST, North Vancouver, BC


V972093 - # 121 1111 E 27TH ST, North Vancouver, BC, CANADAView my new Apartment for sale SOLD at # 121 1111 E 27TH ST, North Vancouver and currently listed at $549,900.SOLD

Now for something completely different in apartment living. It feels like a house with your own yard , a white picket fence & front door. Bowser will love it! Originally Polygon's show suite, the many upgrades include custom rich wood panelling & edges throughout, custom wall sconces & gorgeous decor & drapery Branches is an award wining development which features open living spaces & sophisticated interior design details including smooth granite counters, beautiful wood cabinetry & slick SS appliances. Homeowners enjoy a fitness studio, meeting room & guest suite. It offers easy access to shopping, schools, transits & parks.

New Listing 1719 PLATT CR, North Vancouver, BC


V971767 - 1719 PLATT CR, North Vancouver, BC, CANADAView my new House for sale at 1719 PLATT CR, North Vancouver and currently listed at $1,295,000.

This listing has BIG written all over it. Imagine spacious, comfortable rooms, nice open floor plan and storage space galore in this well cared for family home. The traditional floor plan has main floor living area which includes a spacious family room & laundry; 4 bedrooms up and a fully finished basement with plenty of natural light. The sunny south facing 10000 sf lot provides the ultimate in garden space, privacy and family play area. It's located on one of Lynn Valley's prime streets close to Lynn Canyon.

See the Pixilink 360° Virtual Tour for this House

Market Report for August, 2012


 Home sellers continue to outnumber buyers in Greater Vancouver’s summer housing market

Home sale activity remained below long-term averages in the Greater Vancouver housing market in August.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,649 in August, a 30.7 per cent decline compared to the 2,378 sales in August 2011 and a 21.4 per cent decline compared to the 2,098 sales in July 2012.

August sales were the second lowest total for the month in the region since 1998 and 39.2 per cent below the 10-year August sales average of 2,711.

“Home sales this summer have been lower than we’ve seen for most of the past ten years, yet we continue to see relative stability when it comes to prices,” Eugen Klein, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,044 in August. This represents a 13.7 per cent decline compared to August 2011 when 4,685 properties were listed for sale on the MLS® and a 15.8 per cent decline compared to the 4,802 new listings in July 2012.

“For sellers it’s critical to work with your REALTOR® to understand today’s market and to develop the best strategy for selling your home,” Klein said. “On average it’s taking about two months for a home to sell on the MLS® in Greater Vancouver today.”

At 17,567, the total number of residential property listings on the MLS® increased 13.8 per cent from this time last year and declined 2.8 per cent compared to July 2012.

“Today, our sales-to-active-listings ratio sits at 9 per cent, which puts us in a buyer’s market. This ratio has been declining in our market since March when it was 19 per cent,” Klein said.

The MLSLink® Housing Price Index (HPI) composite benchmark price for all residential properties in Greater Vancouver is $609,500. This represents a decline of 0.5% compared to this time last year and a decline of 1.1% compared to last month.

Sales of detached properties on the MLS® in August 2012 reached 624, a decrease of 38.8 per cent from the 1,020 detached sales recorded in August 2011, and a 30.1 per cent decrease from the 893 units sold in August 2010. The benchmark price for detached properties increased 0.2 per cent from August 2011 to $942,100.

Sales of apartment properties reached 725 in August 2012, a 24.1 per cent decrease compared to the 955 sales in August 2011, and a decrease of 22.5 per cent compared to the 935 sales in August 2010. The benchmark price of an apartment property decreased 0.9 per cent from August 2011 to $370,100.

Attached property sales in August 2012 totalled 300, a 25.6 per cent decrease compared to the 403 sales in August 2011, and a 19.8 per cent decrease from the 374 attached properties sold in August 2010. The benchmark price of an attached unit decreased 1.9 per cent between August 2011 and 2012 to $462,300.

2012 08 northvancouver hpi 5 year trend graph copy

2012 08 westvancouver hpi 5 year trend graph copy