Tuesday, August 29, 2006
JUST LISTED IN THE MONTREUX
Enjoy Sleek, Elegant living in the MONTREUX with UNOBSTRUCTED VIEWS of the CITY AND MOUNTAINS through floor to ceiling windows. This one bedroom with Studio, Den and Solarium has loads of insuite storage, 9' ceilings, an electric fireplace, shaker kitchen cabinets, granite countertops, STAINLESS STEEL APPLIANCES with a GAS COOKTOP, and hardwood floors. Live close to everything the City has to offer including the future Olympic Village and The Canada Line. As well, enjoy the comfort of a 2-5-10 year warranty with NO PET OR RENTAL RESTRICTIONS.
Open House Saturday September 2nd 2:00 - 4:00pm.
1 Bedroom
1 bathroom
715 square feet
$399,900
Vancouver BC Realtor Peter Raab can answer any questions you may have on this listing.
Monday, August 14, 2006
July home sales return to normal summer market cycle
Vancouver, B.C. August 2, 2006 - The Real Estate Board of Greater Vancouver (REBGV) reports that total residential sales for detached, attached and apartment properties reached 2,732 units in July 2006, a decrease of 25.2 per cent when compared to the 3,652 units sold in July 2005.
"It's important to note that the sales figures for July are reflective of a more traditional summer market cycle, when consumers take a break for vacations," says REBGV president Rick Valouche. "Last year was the best year on record for real estate in the Greater Vancouver area and the 3,652 units we moved in July 2005 were a bit of a market anomaly. The numbers we are seeing this summer are closer to the sales figures we saw in 2004.
"At 23,223 units, our year-to-date sales indicate that we are still in the midst of one of the strongest real estate markets in our board's history," notes Valouche. "Consumers who want to better understand the housing market, and who are looking for guidance to help them make the best buying or selling decisions, should contact their local REALTOR®."
According to Multiple Listings Service® (MLS®) data, sales of apartment properties decreased by 24.2 per cent to 1,188 sales in July 2006 compared to 1,567 sales in July 2005. The benchmark price of an apartment property in the Real Estate Vancouver market, calculated by the MLSLink® Housing Price Index, is $328,966, up 22.8 per cent from one year ago.
Sales of attached properties decreased by 20.7 per cent in July 2006 to 513 sales, compared to 647 sales in July 2005. The benchmark price of an attached unit is $404,537, up 20.3 per cent from a year ago.
Sales of detached properties decreased by 28.3 per cent in July 2006 to 1,031 sales, compared to 1,438 sales in July 2006. The benchmark price of a detached unit is $644,461, up 19.4 per cent from last year.
Bright spots in Greater Vancouver in July 2006 compared to July 2005:
Attached:
Richmond - up 22.3% (159 units sold, up from 130)
Delta South - up 77.8% (16 units sold, up from 9)
Apartments:
Maple Ridge/Pitt Meadows - up 23.5% (21 units sold, up from 17)
Saturday, August 12, 2006
506 888 Hamilton Street is sold
I've just sold 506 888 Hamilton Street. If you're curious what it sold for, call me and I'd be happy to let you know.
Real Estate Vancouver is hot right now, call me to find out how I can help you make the right moves.
Canadian housing starts stronger than expected
Housing starts rose in July to a 236,500 (seasonally adjusted annual rate), above the consensus call for a 225,000 print. Today’s stronger-than-expected housing starts report will be negative for bonds and positive for the Canadian dollar.
Today’s report showed that the residential housing market has slowed from the abnormally strong first quarter but also confirmed that housing activity remains relatively robust. Starts averaged 247,600 in the first quarter and 229,100 in the second quarter.
The July report suggests that activity levels remain firm, supported by the 3.9% rise multiple-unit starts. Single-unit starts slipped by 3.5% and were at the lowest level this year. Year-to-date starts were 3.1% above year-ago levels with multi-unit starts growing by 4.3% and single-unit starts up by a more modest 0.9%.
Going forward, we expect the housing market to gradually slow but anticipate that supportive labour market conditions will prevent housing activity from deteriorating too sharply even in the face of high energy prices and modest further increases in interest rates.
This report supports our view that the Canadian economy is growing at decent clip and is consistent with our call that the Bank of Canada may need to implement some future policy action to quell inflationary pressures later this year.
Contact Vancouver BC Realtor Peter Raab for more information.
Wednesday, August 02, 2006
107 1675 West 10th has sold
107 1675 West 10th has sold, if you have any questions about this unit or
Vancouver Real Estate, please feel free to call me.
310 2255 York Ave has sold
I've sold 310 2255 York Ave . If you are looking for a
Vancouver BC Realtor, or if you have any questions please contact me.
