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Blog › March 2013

Recently Sold Listing # 606 995 ROCHE POINT DR, North Vancouver, BC


V995779 - 606 -  995 Roche Point Drive, North Vancouver, British Columbia, CANADAI have just recently sold this listing at 606 - 995 Roche Point Drive, North Vancouver.

New Listing # 60 650 ROCHE POINT DR, North Vancouver, BC


V997573 - 60 - 650 Roche Point Drive, North Vancouver, British Columbia, CANADAView my new listing for sale SOLD at 60 - 650 Roche Point Drive, North Vancouver and currently listed at $620,000.SOLD

Welcome to one of the finest duplex style units at Ravenwoods. It's located in the sunny south-facing quiet section overlooking green space. This unit just sparkles inside with gleaming engineered floors, crown mouldings & souring vaulted ceilings adding plenty of natural light. For the gourmet cook there is an efficient gas cooktop. Other extras include built-in vacuum system, Murphy bed in bedroom and security system. Don't miss the pantry located under the staircase. There's plenty of convenient outside space with patios located near the front door and to the back with a privacy fence. If convenience & style matter to you, you must consider this fine listing.

Recently Sold Listing 4053 LIONS AV, North Vancouver, BC


V995207 - 4053 Lions Avenue, North Vancouver, BC, CANADAI have just recently sold this listing at 4053 Lions Avenue, North Vancouver.

New Listing # 606 995 ROCHE POINT DR, North Vancouver, BC


V995779 - 606 -  995 Roche Point Drive, North Vancouver, British Columbia, CANADAView my new listing for sale SOLD at 606 - 995 Roche Point Drive, North Vancouver and currently listed at $509,000.SOLD

Welcome to Roche Point Towers, a prestigious concrete building in a prime neighbourhood. This bright 2 bdrm unit provides spacious comfortable living, an easy downsize. It's in good condition with recently new carpets. Enjoy the golf course & sensational mountain view. Convenient location is just steps to Parkgate Shopping Centre, recreation Centre & library. Notice the low maintenance fee? Pets not allowed & limited rentals.

New Listing 4053 LIONS AV, North Vancouver, BC


V995207 - 4053 Lions Avenue, North Vancouver, BC, CANADAView my new listing for sale SOLD at 4053 Lions Avenue, North Vancouver and currently listed at $1,649,000.SOLD

This spectacular entertainer's home is located on a completely private lot on a level cul-de-sac which backs onto McKay Creek. The home was completely rebuilt in 2001 and shows like new, with 5 bedrooms and 3 bathrooms on two levels and an open main level floorplan. The living & dining areas have a 12 ft vaulted ceiling with floor-to-ceiling stone fireplace as a feature. The gourmet kitchen blends into a family room with gas fireplace and access to a 500 sq ft cedar deck. Upstairs are 3 bedrooms with a huge master suite that showcases the view to Grouse Mtn. No storage problems here with a double garage and a large heated outbuilding for a detached kids' playroom. This is a fantastic family home in a great Edgemont location.

MARKET REPORT FOR FEBRUARY 2013


Home sales continue at below average pace

Home sale activity has trended below historical averages for a full year in the Greater Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,797 on the Multiple Listing Service® (MLS®) in February 2013. This represents a 29.4 per cent decrease compared to the 2,545 sales recorded in February 2012, and a 33 per cent increase compared to the 1,351 sales in January 2012.

Last month’s sales were the second lowest February total in the region since 2001 and 30.9 per cent below the 10-year sales average for the month.

“Sales in February followed recent trends and were below seasonal averages, though our members tell us they saw more traffic at open houses last month compared to the previous six to eight months, said Eugen Klein, REBGV president.

The sales-to-active-listings ratio currently sits at 12.2 per cent in Greater Vancouver, a two per cent increase from last month. This is the first time this ratio has been above 11 per cent since June 2012.

“With a two-point increase in our sales to active listings ratio and a reduction in the average number of days it’s taking to sell a home, February showed some subtle indications of a changing sentiment in the marketplace compared to recent months,” Klein said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,833 in February. This represents a 13 per cent decline compared to the 5,552 new listings reported in February 2012 and a 5.8 per cent decline from the 5,128 new listings in January. Last month’s new listing count was 4 per cent higher than the region’s 10-year new listing average for the month.

The total number of properties currently listed for sale on the Greater Vancouver MLS® is 14,789, a 5.2 per cent increase compared to February 2012 and an 11.6 per cent increase compared to January 2013.

Since reaching a peak in May of $625,100, the MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver has declined 5.6 per cent to $590,400. This represents a 3.3 per cent decline compared to this time last year.

Sales of detached properties in February 2013 reached 704, a decrease of 36.1 per cent from the 1,101 detached sales recorded in February 2012, and a 49.8 per cent decrease from the 1,402 units sold in February 2011. The benchmark price for detached properties decreased 4.5 per cent from February 2012 to $901,500. Since reaching a peak in May 2012, the benchmark price of a detached property has declined 6.8 per cent.

Sales of apartment properties reached 760 in February 2013, a decline of 25.5 per cent compared to the 1,020 sales in February 2012, and a decrease of 37 per cent compared to the 1,206 sales in February 2011. The benchmark price of an apartment property decreased 3 per cent from February 2012 to $360,400. Since reaching a peak in May 2012, the benchmark price of an apartment property has declined 5.1 per cent.

Attached property sales in February 2013 totalled 333, a decline of 21.5 per cent compared to the 424 sales in February 2012, and a 31.9 per cent decrease from the 489 attached properties sold in February 2011. The benchmark price of an attached unit decreased 0.7 per cent between February 2012 and 2013 to $455,500. Since reaching a peak in April 2012, the benchmark price of an attached property has declined 6.5 per cent.

2013 02 northvancouver hpi 5 year trend graph copy

2013 02 westvancouver hpi 5 year trend graph copy