Thursday, March 13, 2008
Vancouver real estate market balancing out
Although residential sales dropped 6.4% in February compared to last February, new listings rose 26.2%.
We continue to se a market rebalance, particularly with detached properties. This is very positive news for buyers and the Vancouver real estate market as a whole. A balanced real estate market in Vancouver is the most idea market for everyone to be in.
For more information on the Vancouver real estate market contact:
Peter Raab
Vancouver real estate agent
Kitsilano real estate agent
Open House - Mount Pleasant, East Vancouver
Open House Sunday March 16th from 2:00-4:00
201 440 East 5th ave, Mount Pleasant, East Vancouver
2 bedrooms, 2 bathrooms
1097 square feet
This home has lots custom work done throughout including wood paneling in the kitchen ceiling, hide away office in the foyer and custom paint throughout. The open concept kitchen has been meticulously renovated with custom glass tile on the bar counter and handstone countertops.
Two large private balcony's are surrounded by gorgeous gardens with west facing city views. Must be seen to be appreciated. 2 blocks to Main St, close to new Skytrain station, community centre and Olympic Village.
Contact
Peter Raab for more information
Vancouver real estate agent
Thursday, March 06, 2008
Just sold in the West End, Downtown Vancouver
2 bedroom, 2 bathroom
Westend, Vancouver West
825 Square feet
SOLD FOR 99% OF THE ASKING PRICE
Enjoy this 2 bedroom, 2 bathroom with a 700 square foot private patio surrounded by Cherry blossom trees. Beautiful walnut hardwood floors throughout, fresh paint and renovated bathrooms make this home ready to move in.
Enjoy being very centrally located, blocks from Robson street but in a quite setting.
For more information on listings in the westend or downtown Vancouver contact:
Peter Raab
Vancouver Real Estate Agent
Just Listed in Mount Pleasant, East Vancouver
Extra large 2 bedroom condo
Mount Pleasant, East Vancouver
2 bedrooms, 2 bathrooms
1097 square feet
This home has lots custom work done throughout including wood paneling in the kitchen ceiling, hide away office in the foyer and custom paint throughout. The open concept kitchen has been meticulously renovated with custom glass tile on the bar counter and handstone countertops. br>
Two large private balcony's are surrounded by gorgeous gardens with west facing city views. Must be seen to be appreciated. 2 blocks to Main St, close to new Skytrain station, community centre and Olympic Village.
Open House Sunday March 9th from 2:00-4:00pm
For a private viewing or more information contact:
Peter Raab
Vancouver Real Estate Agent
Just sold Vancouver East, Renfrew
47 3468 Terra Vita
Vancouver East, Renfrew
3 bedrooms, 3 bathrooms
1405 Square feet
Open Concept, 3 bedroom townhouse at TerraVita Place.
Nice private setting in residential neighbourhood with lots of space through out. Very clean, well maintained house - fresh paint, crown mouldings and laminate floors make this home ready to move in.
Private, south facing patio off the living room is perfect for BBQ's, entertaining or small children to play. This 3 level home has a bathroom on every floor, 2 bedrooms on the 2nd floor with a very large master bedroom with ensuite on the top floor. Great central location 15 minutes from downtown.
This townhouse was sold for 101% of the asking price after one weekend.
For more information on Vancouver real estate contact:
Peter Raab
Vancouver Real Estate Agent
Bank of Canada Interest Rate Announcement
Well everyone, they did it again! It was expected, however, half a percent was more than some economists predicted. The bank's anncouncement says it is "likely more cuts will be required" as the year goes on. A weakening manufacturing sector and high Canadian dollar are the primary factors at this point. The BofC (Bank of Canada) is also suggesting that if the U.S economy continues to suffer, it will have a "global" impact. A slowdown in our economy is inevitable they say, but at this point, it seems to be affecting the eastern provinces with the western provinces somewhat insulated at least for the time being, especially the Vancouver real estate market.
Meanwhile, the lower interest rates help all of us! New mortgages become cheaper, line's of credit attached to prime, and some other credit facilities will likely adjust to the downward trends. With house prices continuing to rise (albeit at a more modest pace than in the past few years), lower interest rates should help make it affordable to get into the market which many still feel is a sustainable real estate market. We have been seeing some "adjustments" in certain areas of the lower mainland, but all in all, it seems to be a more "balanced" market between buyers and sellers this year.
For more information contact:
Peter Raab
Vancouver Real Estate Agent
