Peter Raab - Vancouver Real Estate Agent

Another condo sold in Kitsilano

2010-08-24T16:40:00.003-07:00

I just sold another condo in Kitsilano, at Henley Park. 307 2250 West 3rd ave., Kitsilano, Vancouver West.
This was a one bedroom, one bathroom with City and Mountain views in the heart of Kitsilano. On 3rd Ave., between Yew Street and Vine Street.
It sold for 98% of the asking price in 30 days.
Located in Henley Park, this building is pet friendly and allowed 10 of the total 40 units rented.
Only three blocks from Kits Beach and Kits Pool. Less than a block away from Capers, Safeway, Shoppers Drug Mart, Kits Wine Cellar, Market Meats and New Apple Farm Market.

For more information on selling your condo in Kitsilano contact:

Peter Raab
Kitsilano Real Estate Agent

Condo for sale in Kitsilano

2010-08-09T09:09:00.005-07:00

Get into a condo for sale in Kitsilano for under $300,000!

Vitals:

113 1990 West 6th ave., Kitsilano, Vancouver West
One bedroom, one bathroom
662 square feet
One dog or one cat allowed
Rentals allowed however they're currently at their max

Open concept one bedroom in a well run, pet friendly building. Quiet Kits location, steps to all the funky shops and cafes on 4th ave and Broadway. Open concept kitchen with with a large insuite storage space. This unit is in mostly original condition however some renovations would add lots of value!

For more information on this condo for sale in Kitsilano or other condos for sale in Kitsilano, contact.

Peter Raab
Kitsilano Real Estate Agent

August Vancouver Real Estate Market Update

2010-08-05T09:01:00.002-07:00

I trust everyone is enjoying the summer so far. We've had so much going on in the city with Cirque Du Soleil, Folk Fest and various other concerts, fireworks, volleyball tournaments, picknicks, bocci and my new favourite summer hobby, early morning or sunset paddle boarding at Jericho sailing club.
As for as the Vancouver real estate market goes, its been a relatively quite summer with July recording one of its slowest months in terms of sales in many years. The excess inventory that's been steadily coming on the market in the spring as eased demand and turned our real estate market in favour of the buyer. Currently we're seeing only a few listings a day selling in multiple offers and most are selling for approximately 4-5% below the list price. Prices have dropped slightly however we don't expect overall prices to drop much more this year. We are still seeing some price adjustments with homes that were initially priced too high.
Don't expect this to continue through the rest of the summer as the amount of inventory that was hitting market in spring has greatly declined in the past few months. In the past two weeks we've seen a little surge in buying so expect August to be back on track in terms of 'normal' activity. I don't expect us to be close to the record setting sales from August last year, maybe 15% off that mark.
Buyers thinking they can wait will miss the boat. Sellers your patience will be rewarded as long as you price your home sharply.

For more information you can contact:
Peter Raab
Vancouver Real Estate Agent

Penthouse sold in Kitsilano, Vancouver West

2010-08-03T15:41:00.003-07:00

I just sold an amazing Penthouse condo in Kitsilano. Located at 403 2250 West 3rd ave., Henley Park between Yew and Vine.
Prime location in Kitsilano with views of the North Shore Mountains, English Bay and Downtown Vancouver.
Selling price was $463,000. Total square footage is 678 square feet and $40,000 worth of upgrades were recently put into the unit.
One parking and one storage locker were included in the purchase price.

For more information on Penthouses for sale in Kitsilano or condos for sale in Kitsilano contact:

Peter Raab
Kitsilano resident and real estate agent.

Vancouver is in the top ten for beach cities in the world

2010-08-01T12:03:00.005-07:00

In a recent survey by the National Geographic, Vancouver was voted one of the top ten beach cities in the world.
With the views of the north shore mountains and city skyline, its no wonder Vancouver made it in the top 10 list. From the clothing optional Wreck Beach, the family orientated Jericho beach, the hot and sexy Kits beach to the quite Third Beach in Stanley Park, Vancouver truly has a beach for everyone.

Here's the list of top ten beach cities in the world>

1. Barcelona, Spain
2. Cape Town, South Africa
3. Honolulu, Hawaii
4. Nice, France
5. Miami Beach, Florida
6. Rio de Janeiro, Brazil
7. Santa Monica, California
8. Sydney, Austrialia
9. Tel Aviv, Israel
10. Vancouver, British Columbia.

Town house for sale in Fairview slopes

2010-07-20T11:45:00.004-07:00

1134 West 7th, Faiview Slopes, Vancouver West.
2 bedrooms plus loft/office with 2 full bathrooms.
2029 Square feet
Asking price is $950,000

This is a fantastic townhouse in the heart of Fairview Slopes with spectacular mountain and city views. Separated bedrooms with a great office on the top floor. Vaulted ceilings in the living room and kitchen make this space feel larger than it is. Granite counters in the kitchen, custom wood cabinets and commercial grade stove make this a chefs paradise!

For more information on this townhouse for sale in Fairview contact:

Peter Raab
Fairview Slopes Real Estate Agent

Amazing condo for sale in Kitsilano, Vancouver West

2010-07-20T11:09:00.004-07:00

307 2250 West 3rd Ave, Kitsilano, Vancouver West.
One bedroom, one bathroom in 680 square feet.
Asking price is $439,000.

This condo for sale in Kitsilano is in the best location in Kits, just behind Capers at 4th and Vine, one block from Safeway, New Apple Farm Market, Shoppers Drug Mart, Kits Wine Cellar, Market Meats, etc. Also only three short blocks to Kits Beach, Kits Pool and Local Public Eatery.
Located in Henley Park complex, this one bedroom condo has a very functional floor plan with floor to ceiling windows with mountain and city views. There is also a large, covered deck off the living room and bedroom surrounded by beautiful gardens.
Pets are allowed, rentals are restricted to 10 of the 40 total units.
For more information on this condo or other condos for sale in Kitsilano, contact:

Peter Raab
Kitsilano Real Estate Agent

Open Houses in Kitsilano for two Penthouse condos

2010-06-16T15:03:00.005-07:00

I'll be hosting an open house this Saturday June 19th from 2:30-3:00

403 & 405 2250 West 3rd Ave, Kitsilano. Vancouver West
Located in Henley Park, in the best location in Kitsilano. A half a block from Capers, Safeway, Kits Wine cellar, Shoppers Drug Mart, Market Meats and New Apple farm market in Kits.
Three short blocks downhill to Kits beach and 5 minutes to downtown Vancouver. Stunning views of the north shore mountains and the city.

Click here for more information, photo's and video.

Peter Raab
Kitsilano Real Estate Agent

Condos for sale in Kitsilano

2010-05-28T10:20:00.004-07:00

I have four great condos for sale in Kitsilano.

403 2250 West 3rd Ave
Amazing penthouse condo for sale in Kitsilano with mountain, ocean and city views. Best location in Kitsilano, a short walk to Kits beach and Kits pool and one block from all the shops in 4th ave.

405 2250 West 3rd Ave.
Another penthouse condo in Kitsilano however this is a very large one bedroom plus den, also with amazing views! Extra large bedroom as well. Located in Henley Park complex in Kitsilano.

322 1990 West 6th Ave.
Another Penthouse for sale in Kitsilano with mountain views and a great rooftop deck. This condo for sale in Kitsilano is on two levels so it feels like a home.

113 1990 West 6th Ave
A ground level condo with lots of potential to add value with some renovations. Located across from the community gardens on 6th ave and Maple street.

Condo purchased in Kitsilano

2010-05-18T16:59:00.003-07:00

I just helped my buyer purchase an amazing condo in Kitsilano. This condo is on the top floor, Penthouse, in a boutique building that has only 10 units. Address is 402 2252 West 5th Ave, one block from all the shops and restaurants on 4th ave and only minutes to Kits beach and Kits pool.
We've looked at all the condos for sale in Kitsilano and this one takes the cake! In a fully rain screened building with a huge, private roof top deck, perfect for entertaining.
For more information on Kitsilano condos contact:

Peter Raab
Kitsilano Real Estate Agent

Condo in Henley Park sold 102 2250 West 3rd

2010-05-03T09:20:00.003-07:00

I just sold another condo at 2250 West 3rd ave., Henley Park in Kitsilano.
For Kitsilano condos, this ground floor two bedroom is located in the most convenient location in Kitsilano. One block from Capers on 4th and Vine, Market Meats, Shoppers Drug Mart, Seven Sea's fish market, Safeway on 4th and Kits Wine cellar.
Asking price for this condo was $499,900 and it sold for $505,000 in less than a week.
This goes to show you that when you purchase a house or condo in Kitsilano there will always be a strong demand when selling it.
For more information on Kitsilano real estate or condos for sale in Kitsilano contact:

Peter Raab
Kitsilano Real Estate Agent

One bedroom condo for sale in Kitsilano, Vancouver West

2010-04-26T13:03:00.003-07:00

Lots of opportunity to add value to this condo for sale in Kitsilano! Here are the vitals.
113 1990 West 6th Ave, Kitsilano, Vancouver West.
One bedroom, one bathroom.
662 square feet.
Ground level condo with a beautiful garden outlook, right across the street from the community gardens.
One parking stall included, pets allowed, rentals currently restricted.
In the heart of Kitsilano, a short walk to Kits Beach and Kits pool. Two blocks from all the funky shops on 4th Ave and West Broadway. Five minutes to Downtown Vancouver.

For more information on Kitsilano Real Estate or condos for sale in Kitsilano contact.:
Peter Raab
Kitsilano Real Estate Agent.

One bedroom condo for sale in Fairview Slopes, Vancouver West

2010-04-26T12:56:00.003-07:00

I just listed a great one bedroom condo for sale in Fairview Slopes, Vancouver West. Below are the vitals:

108 1195 West 8th Ave
Fairview Slopes, Vancouver West.
One bedroom plus den with one bathroom.
601 square feet
Two storage lockers and one parking stall included.
Pets and Rentals allowed.
Offered at $349,900

This is in a rain screening building, on the ground floor facing sunny south towards 8th ave. This condo feels like a townhouse as you have a separate entrance from 8th Ave.
In prime Fairview Slopes location, one and a half blocks from West Broadway, a few blocks from Granville and Cambe Street and a short walk to the Canada line.
For more information contact:
Peter Raab
Vancouver Real Estate Agent.

Government changes to mortgage qualification

2010-04-16T17:04:00.007-07:00

Here is the bottom line with the info you need to know:

20% down payment is now required for all investment or rental property purchases.
Those purchasing a home can still buy with only 5% down.
Those who choose a variable rate or fixed term of less than 5 years will have to qualify at a higher benchmark rate (currently 5.85%) and may not qualify for as much. Therefore, they may be forced into a 5 year fixed rate in order to qualify for the maximum amount.
Home Owners can now refinance 90%, instead of 95% of debt consolidation, divorce, equity take out or investment purposes.
Rental income will be treated less favourably, with the banks only considering 50% of any rental income, versus the previous 80%.
Self Employed clients who wish to use the “stated income” program will now have to put a minimum of 10% down instead of 5%.

For more information contact:
Peter Raab
Vancouver Real Estate Agent

Open Houses in Kitsilano

2010-04-16T15:28:00.007-07:00

We will be hosting two open houses in Kitsilano this weekend, April 17th and April 18th 2010.

Saturday April 18th from 2:00-3:00 pm.

102 2250 West 3rd Ave.

Offered at $525,000
Two bedrooms with one bathroom
822 square feet
One parking and one storage locker included.
Pets and rental allowed with restrictions
Garden level condo for sale in Kitsilano with a huge private patio surrounded by lush gardens. Located in the best location in Kitsilano, one block from 4th avenue with Capers, Market Meats, Shoppers Drug Mart, New Apple Farm Market, Safeway, Kits Wine Celler etc.
Three blocks to Kits Beach and Kits pool.

113 1990 West 6th Ave

Offered at $325,000

One bedroom with one bathroom
662 square feet
Pets allowed, rentals currently at their max
Garden level one bedroom in a great location in Kitsilano, across from the community gardens on 6th Ave. and only two blocks from 4th Ave. The condo needs a full renovation which in tern would add lots of value!

Sunday April 18th from 2:00-3:00pm

102 2250 West 3rd Ave

Townhouse sold in Kitsilano

2010-04-16T15:18:00.004-07:00

I just sold a two level, two bedroom townhouse in Kitsilano. Located at 15 2375 West Broadway in the Taliesin Complex on West Broadway between Vine street and Balsam street.
The townhouse sold for 99% of the list price and featured a two bedrooms, two bathrooms with 895 square feet. Pets and rentals were allowed in the complex in the heart of Kitsilano. A short walk from all the grocery stores and shops on 4th Ave and West Broadway.
For more information on townhouses for sale or recently sold townhouses in Kitsilano, contact:

Peter Raab
Kitsilano Real Estate Agent

Two bedroom condo for sale at Henley Park in Kitsilano

2010-04-10T12:25:00.004-07:00

102 2250 West 3rd Ave, Kitsilano, Vancouver West.
Two bedrooms with one bathroom
822 Square feet
Offered at $525,000

This condo for sale in Kitsilano is renovated and ready to move in. Best location in Kitsilano, behind Capers on 4th and Vine, Market Meats on 4th Ave, Apple Farm Market on 4th Ave, Safeway on 4th between Vine and Balsam Street. Also directly behind Kits Wine Cellar on 4th ave and a half a block from Semperviva, Kits Beach studio on 4th and Yew.
Three blocks from Kits Beach and Kits pool. This garden level condo has a huge outdoor space, perfect for entertaining. Open concept Kitchen, living, dining room with a gas fireplace.
One parking stall and one storage locker included in the purchase price.
Open House Saturday April 10th and Sunday April 11th from 2:00-3:30.
Hope to see you there!

Peter Raab
Kitsilano Real Estate Agent

Condo in Henley Park sold

2010-04-10T12:15:00.004-07:00

I just sold a great two bedroom condo in Henley Park, Kitsilano.
109 2250 West 3rd Ave.
This condo for sale in Kitsilano was in original condition however very well kept by the owner of 22 years.
Located in the heart of Kitsilano, this condo was a 2 minute walk to all the shops and restaurants on 4th ave and only three blocks to Kits Beach.
Asking price was $469,000 and it sold for 105% of the asking price in one weekend!
For more information on Kitsilano condos or Kitsilano Real Estate contact:

Peter Raab
Kitsilano Real Estate Agent

Two bedroom condo for sale in Kitsilano

2010-03-29T16:56:00.004-07:00

I just listed a two bedroom condo at 109 2250 West 3rd Ave, Henley Park in Kitsilano. This condos for sale in Kitsilano is in original condition however meticulously kept so you can renovate to your taste or just move in.
This unit is priced below most other Kitsilano Condos so it will not last long on the market. It is a ground level condo facing North with gorgeous gardens surrounding it.
For more information on this condo or Kitsilano Real Estate in general contact:
Peter Raab
Kitsilano Real Estate Agent

Condo sold in downtown Vancouver

2010-03-29T16:50:00.003-07:00

I just sold my listing at 501 811 Helmcken, downtown Vancouver for 99% of the asking price.
This one bedroom condo sold for $325,000 and is rented for $1375 a month which makes it a great revenue property for an investor.
Located in the heart of downtown Vancouver, walking distance to Yaletown, the seawall, St. Paul hospital and the business district. This condo was 588 square feet with one bedroom, one bathroom plus an office/solarium.

For more information on condos for sale in downtown Vancouver contact:
Peter Raab
Vancouver Real Estate Agent

Just sold, townhouse in Fairview Slopes

2010-03-29T16:43:00.002-07:00

I just sold my listing at 10 1081 West 8th in Fairview slopes for 105% of the asking price in 13 days.
This townhouse has a huge roof-top deck with unobstructed views of English Bay, downtown Vancouver and the North Shore mountains. It was also recently renovated with Brazilian Cherry hardwood floors, remodeled kitchen and bathroom.
Located in the heart of Fairview, a short walk to Granville street, Granville Island and the Olympic Canada Line station.
We had over 60 groups through each day during the open houses which tells me the Vancouver Real Estate Market is hot right now.
For more information contact:
Peter Raab
Vancouver Real Estate Agent

One bedroom condo for sale under $250k in Commercial Drive

2010-03-26T16:15:00.005-07:00

Renovated one bedroom condo for sale in a rain screened building on the Drive.

3051688 East 8th (at Commercial Drive) in East Vancouver
1 bedroom, 1 bathroom
1 parking stall plus 1 external storage locker
2 pets allowed under 45 pounds total weight
Rentals currently at their max 507 square feet

$249,000

OPEN HOUSE SATURDAY MARCH 27TH AND SUNDAY MARCH 28TH FROM 2:30-4:00PM

Open floor plan that feels much larger than the actual square footage. Mountain views from every room and just across the street from the Sky train which gets you downtown in 7 minutes.
New stainless steel appliances, laminate floors, movable island in the kitchen with a balcony for BBQ's.
Must be seen to be appreciated!

For more contact:
Peter Raab
Vancouver Real Estate Agent

Town house for sale in Kitsilano

2010-03-26T16:08:00.003-07:00

OPEN HOUSE SATURDAY MARCH 27TH FROM 2:00-3:30 PM.

15 2375 West Broadway
2 level, 2 bedroom, 2 bathroom Townhouse for sale in Kitsilano
895 square feet
Pets and rentals allowed
$489,000

On the quite side of the building facing north east, steps to all the shops on 4th ave and West Broadway. The Taliesin, built in 1999 with Vinyl siding in a well maintained building with lush gardens.
Stainless steel appliances, gas fireplace, one parking stall included.

Peter Raab
Kitsilano Real Estate Agent

Post Olympic Vancouver Real Estate Market Update

2010-03-21T18:42:00.007-07:00

Its hard to believe its been almost three weeks since that unforgettable overtime winner to give Canada the gold in men's hockey. Everyone's wallets are a little thinner, liver's a little worn and voices returning to normal but the stories and spirit that these games brought to our city live on. No one could have ever predicted how absolutely amazing these games were and that us, Vancouverites could throw such a party! There were so many moments that will live with me forever, too many to put into words.

So, the big question is what's happening in the Vancouver real estate market now that the games are over?

The prediction that most people were talking about for the past two years was a drop in prices after the games because of the over supply. Since (hang-over) Monday March 29th, Vancouver real estate agents have seen a continued supply of homes coming up for sale however, the surprise has been the equal amount of demand for these homes. We are currently in a seller’s market with all the good product selling in multiple offers, above the list price!

There are 5 main reasons for this:

1. Interest rates are still at an all time low and it is well known they will be increasing in mid summer so people are wanting to buy and lock in before they increase.
2. Increased inventory on the market for buyers to choose from.
3. New mortgage rules are taking force April 19th with stricter guidelines.
4. HST coming into effect July 1st.
5. Confidence is high in the Vancouver real estate market.

I anticipate this spring to be one of the busiest for for Kitsilano real estate and Vancouver real estate in our real estate boards history.
In particular there will be a big demand on condos for sale in kitsilano, Kitsilano homes and townhomes.

Open House in Fairview Slopes

2010-03-20T11:57:00.007-07:00

Open House Saturday March 20th from 2:00-3:30 p.m. and Sunday March 21st from 2:00-3:00 p.m.

Completely renovated townhouse for sale in Fairview slopes with spectacular city, mountain and water views!
10 1081 West 8th Ave, Fairview Slopes, Vancouver West
2 bedrooms with 1 bathroom all on one level.
965 square feet
1 dog or 1 cat allowed
Rentals are allowed

This townhouse is fully renovated with over $70,000 in renovations spent. Large balcony off the living room with a bonus, huge private rooftop deck. Absolutely amazing views from this rooftop deck!
One parking and one storage locker included.

For more information please contact:

Peter Raab
Vancouver Real Estate Agent