Friday, June 27, 2008
Peter Raab featured in the Globe and Mail
Below is an article for a recently sold townhouse in Kitsilano.
KITSILANO
THOMASINA BARNES
From Friday's Globe and Mail
June 27, 2008 at 2:18 PM EDT
2028 WEST 3RD AVE, UNIT 101
ASKING PRICE: $399,900
SELLING PRICE: $410,000
PREVIOUS SELLING PRICE: $330,000 (2006); $112,500 (2001)
TAXES: $1,265 (2007)
DAYS ON MARKET: 12
LISTING AGENT: Peter Raab, Royal LePage Westside
Some homes will always sell regardless of the market, says agent Peter Raab, and that includes this 746 sq. ft. town home.
"I sold this home for $10,000 above the asking price in 12 days," he says.
"Although the market in Vancouver is cooling off slightly, one bedroom condo/town homes in
Kits are still selling."
The home meets Mr. Raab's entire criterion for a good purchase.
"My motto for purchasing property is: Location, solid building and view," he says. "Not only is this town home in
Kits but, it is north of 4th which is one of the most desirable areas in Vancouver. The building was recently rain-screened and the upstairs has a view over the city and the North Shore Mountains."
The two-level town home has a deck off of the living room and a ground floor garden patio off of the bedroom for some private outdoor living space.
The suite has also been renovated with updated lighting and plumbing fixtures, a new tile floor in the kitchen and a wood burning fireplace. The previous owners also added baseboards and fresh paint.
The real attraction, of course, is the location, says Mr. Raab. This home is close to shopping on 4th Avenue,
Kits Beach, Granville Island and downtown.
"A home like this will always be in demand," he says
Here is the link to the article:
http://www.theglobeandmail.com/
Labels: Condos Kitsilano, done deals, Kitsilano real estate, kitsilano real estate agents, townhomes Kitsilano
Thursday, June 26, 2008
Detached home in Mount Pleasant
I just sold 555 East 12th Ave in
Mount Pleasant, Vancouver East for 98% of the asking price. Although there is talk of the
Vancouver Real Estate Market cooling down, properties are still selling but not as quick and not always for above asking price.
Over the past 7 years the
Vancouver Real Estate market has experienced exeptional growth in terms of price increases however since January 2008, there has been a huge increase in the amount of new listings hitting the Vancouver Real Estate Market.
This has helped to balance the
Real Estate Market in Vancouver out.
In June we are now seeing a normal amount of new listings hit the market which is matching sales. Sellers do have to price their homes strategically and marketing is key when selling now in the Vancouver Real Estate Market.
This home in
Mount Pleasant has two, one bedroom "mortgage helpers" that generated approximately $1,600 a month in rental income. This helped to offset approximately $300,000 of the mortgage on the house; perfect for a young family looking to purchase their first home in Vancouver.
This home is minutes from
downtown Vancouver, close to the future Olympic Village for the 2010 games, and close to the Skytrain.
For more information on this home contact:
Peter Raab
Vancouver Real Estate Agent Labels: Mount Pleasant, real estate vancouver, Vancouver market update, Vancouver Real Estate, vancouver real estate agent
B.C. home owners protected against title fraud
In light of recent articles in The Vancouver Sun regarding the issue of title and mortgage fraud in B.C., the B.C. Land Title and Survey Authority (LTSA) emphasizes that such cases are extremely rare because strong protections are in place in this province.
The LTSA reports that over the past 18 years, the land title system processed 15 million transactions. During this time, two claims related to land ownership fraud were successfully resolved and only 14 claims related to mortgage fraud had been filed.
The LTSA is not only legally obligated to confirm ownership every time a property is sold, mortgaged, leased or statutory rights of way are created, additional protection is provided through an assurance fund. That fund compensates owners deprived of their title either because of an LTSA administration error or identity theft/fraud.
The LTSA adds that if a property owner feels their land holdings are at risk, there are simple steps to provide additional protection such as an automatic email service to your notary or lawyer when activity shows on your title.
Alternatively, homeowners could also order a duplicate certificate of title for their own records, at a cost of approximately $50. Title could not be transferred without that document. While this provides protection, it also causes problems when such documents are lost or misplaced.
LTSA is unaware of any cases in B.C. that required an innocent owner to pay off a fraudulently obtained mortgage on their property. Typically, when a bank asks a homeowner to pay for title insurance on a mortgage, that insurance protects the lending institution, not the home owner. However, separate insurance may be purchased that protects the owner's equity in the property.
Peter Raab
Vancouver Real Estate Agent
This article pertains to the
Vancouver Real Estate Market and
Real estate in Vancouver.
Labels: B.C. homeowners protected, downtown Vancouver real estate, real estate vancouver
Tuesday, June 24, 2008
Two Harbour Green nearing completion
I have just completed a walk through of
Two Harbour Green in
Coal Harbour. With the success of One Harbour Green, there is much anticipation for Two Harbour Green. This is the second phase of Aspac Developments 3 tower project with
Three Harbour Green the last to be built.
Two Harbour Green features kitchens by Snaidero, appliances by Miele and Lutron lighting through out. Every detail is to the highest finishings with an exclusive fitness centre.
The Architect for this project is James K.M Cheng Architects Inc.
Units in this building will feature stunning views of the North Shore mountains, the waterfront and views of downtown Vancouver.
For information on exclusive units for sale contact:
Peter Raab
Vancouver Real Estate agent
Vancouver Real Estate
Two Harbour Green Labels: Coal Harbour real estate, downtown Vancouver real estate, harbour green two, listings two harbour green, One Harbour Green, Three Harbour Green, Two Harbour Green, vancouver real estate agent
Wednesday, June 18, 2008
Growing supply helps stabilize market conditions in the Vancouver Real Estate Market
The greater Vancouver housing market continued its re-balance between sales and listings last month. The Real Estate Board reported a 30% decline in property sales in May 2008 to 3,002 from 4,331 sales recorded in May 2007.
New listings increased 20.2 per cent when comparing May 2007 to May 2008. "With more property listings and a decline in the number of sales, prices are not increasing as rapidly, now down to single digits overall, which is good news from an affordability standpoint", said The Real Estate Board president, Dave Watt. "The housing market is at a balanced state, sellers have more competition and buyers have more selection to choose from."
The micro markets that continue to be hot are the one bedroom condo's in
Kitsilano, the detached homes under $1 million on the Westside and detached homes in the $700-$900k range in Mount Pleasant and Main street area's.
Buyer's looking for one bedroom condo's
downtown are having the luxury to choose among many great suites. Prices for a newer one bedroom condo are in the $370-$390 range and holding steady.
Peter Raab
Vancouver Real Estate Agent
Real Estate Vancouver
Labels: downtown Vancouver real estate, real estate vancouver, Vancouver market update, vancouver real estate agent, vancouver real estate update
Friday, June 13, 2008
Town House just sold in Kitsilano, Vancouver Real Estate
I
just sold 101 2028 West 3rd Ave,
Kitsilano, Vancouver West.
2 level townhome in
Kitsilano.
This is a rarely available townhome
north of 4th in
Kitsilano.
Sold for 103% of the asking price after one weekend.
Partially rainscreened building in Kitsilano.
A few blocks from
Kits beach, a block from
Sophie's, Lululemon and all the cool shops on 4th Ave in
Kitsilano.
For more information on
Townhomes in Kitsilano, condo's in Kitsilano or
real estate in Kitsilano contact:
Peter Raab
Kitsilano Real Estate Agent
Vancouver Real Estate Agent Labels: Condos Kitsilano, downtown Vancouver real estate, kitsilano real estate agents, real estate Kitsilano, townhomes Kitsilano
Vancouver Real Estate, Downtown Vancouver
I just sold 802 1010 Richards,
downtown Vancouver, Vancouver West.
Complex is The Gallery
On Richards and Nelson street in
Downtown Vancouver.
1 bedroom, 1 bathroom with a solarium and views of the
downtown Vancouver Corridor and the North Shore Mountains.
568 square feet
Asking price $375,000
For more information on Vancouver Real Estate contact:
Peter Raab
Vancouver Real Estate Agent Labels: downtown Vancouver real estate, real estate vancouver, Vancouver Real Estate, vancouver real estate agent
Growing supply in Vancouver Real Estate helps stabilize market conditions
The greater
Vancouver housing market continued its re-balance between sales and listings last month. The Real Estate Board reported a 30% decline in property sales in May 2008 to 3,002 from 4,331 sales recorded in May 2007.
New listings increased 20.2 per cent when comparing May 2007 to May 2008. "With more property listings and a decline in the number of sales, prices are not increasing as rapidly, now down to single digits overall, which is good news from an affordability standpoint", said The Real Estate Board president, Dave Watt. "The housing market is at a balanced state, sellers have more competition and buyers have more selection to choose from."
The micro markets that continue to be hot are the one bedroom condo's in
Kitsilano, the detached homes under $1 million on the Westside and detached homes in the $700-$900k range in
Mount Pleasant and Main street area's.
Buyer's looking for one bedroom condo's downtown are having the luxury to choose among many great suites. Prices for a newer one bedroom condo are in the $370-$390 range and holding steady.
Peter Raab
Vancouver Real Estate Agent
Labels: Buying in Vancouver, Vancouver market update, Vancouver Real Estate, vancouver real estate agent, Vancouver Real estate market update
Sunday, June 08, 2008
First Open House for townhome in Kistilano
2 level townhome in
Kitsilano
3 blocks from
Kits beach and one block from
4th ave.
First open house was this weekend.
1 bedroom, 1 bathroom with an office nook.
746 square feet.
Views of
downtown Vancouver and the north shore mountains.
For more information contact:
Peter Raab
Vancouver Real Estate Agent.
Townhome in Kinghorne Mews - ICON II -
Vancouver Real Estate
New Listing in ICON II
False Creek North,
Downtown Vancouver
106 633 Kinghorne Mews BB
2 bedrooms, 2 bathrooms plus den and insuite storage
1604 square feet plus over 400 square feet of patio space.
Watch the boats sail by from your bedroom in this exclusive home which features 400 Square feet of patio space. Features include dark walnut floors throughout, stainless appliances with gas cooktop, granite counters, California closets in each room, air-conditioning, gas fireplace with gas outlet on patio.
Steps away from the luxurious
Club Oasis featuring a 80 foot indoor lap-pool, gym, steam room, hot tub and Hollywood style theatre room.
Nestled right off the
seawall in False Creek North next to the Marina.
24-hour concierge and bonus TWO parking stalls + additional storage space.
For more information contact:
Peter Raab
Vancouver Real Estate Agent
Labels: False Creek North, Icon 2, Icon II, luxury townhomes Vancovuer, real estate vancouver, Townhomes in False Creek North, Vancouver Real Estate, vancouver real estate agent
Monday, June 02, 2008
Town house for sale in Kitsilano
Just Listed in
Vancouver Real Estate,
Kitsilano.
2 level townhome in the heart of Kitsilano
1 bedroom, 1 bathroom
746 Square feet, pets and rentals allowed
North of 4th!
Enjoy Mountain and City views from the large deck off the living room, or walk out to your own private patio and garden oasis off the downstairs bedroom.
The suite has been recently upgraded including: new paint, baseboards, lighting, plumbing fixtures and new tiled kitchen floor. Includes a wood-burning fireplace. Building was partially rain-screened in 2003. One parking stall included, with lots of in suite storage and an office nook.
Live in the
best neighbourhood in Vancouver, a few blocks from Kits beach, and a block from all the funky shops and cafes on 4th Ave.
One block from
Sophie's Cosmic Cafe, Lululemon and a few blocks from Pacific boarder, Westbeach, Boardroom and Comor.
For more information contact:
Peter Raab
Vancouver real estate agent
Kitsilano real estate agent
Labels: Condos Kitsilano, Kits Beach, kitsilano, real estate vancouver, townhomes Kitsilano, Vancouver Real Estate, vancouver real estate agent
Below is an article for a recently sold townhouse in Kitsilano.
KITSILANO
