Archive for May, 2007
Kits Condos in Tight Supply
May 28th, 2007 Categories: Kitsilano, Vancouver Real Estate
I recently took a client to view 2 bedroom, 2 bathroom suites in Kitsilano and found that there are only 7 apartments available in the $300-500,000 range.
This is a very tight supply! The newest of these was built 11 years ago, while the oldest was built 26 years ago, in 1981. We looked at two suites for sale at 3673 W. 11th, listed at $305,000 and $310,000. The other stops we made on our tour were 2545 W. Broadway, and 1922 w. 7th. Then on to 2983 W.4th and over to 2755 Maple. The most expensive suite in this small selection is at 2175 W. 3rd, listed at $469,888. For more info on these and other properties available in Kitsilano, please contact me at Chandler Realty.
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Mortgages and Extended Amortizations
May 23rd, 2007 Categories: Vancouver Real Estate
[youtube]http://www.youtube.com/v/wDJHzjHp8MU[/youtube]
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Video with Mortgage Specialist, Alma Pasic (part 1)
May 21st, 2007 Categories: Kitsilano, Vancouver Real Estate, Video
In our recent video interview, Alma Pasic shared news on greater eligibility, through a new 20% down policy, as well as banks’ shift to extended amortization. Get the goods on this great news for home buyers in Vancouver.
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Video with Mortgage Specialist, Alma Pasic (part 2)
May 21st, 2007 Categories: Vancouver Real Estate, Video
As I mentioned before, I’ve worked with mortgage specialist, Alma Pasic, for many years now. She shared some of her news and views in a recent video interview on a sunny afternoon in her Vancouver waterfront condo.
Here’s her good news for self-employed home buyers:
In this clip, she shares her overview of Vancouver real estate today.
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First on First, New Kitsilano Development
May 19th, 2007 Categories: Kitsilano, New Developments, Vancouver Real Estate
[youtube]http://www.youtube.com/v/pkW6zfBLuTw&hl[/youtube]
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Just sold in Shangri-La
May 17th, 2007 Categories: Coal Harbour
I just sold this suite in Shangri-La, posted here on May 4th.
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Great Restaurants and Food Shopping in Kits
May 14th, 2007 Categories: Kitsilano
The Kitsilano neighbourhood has a wonderful variety of restaurants, ranging from all prices and from different cultures.
Some of the inexpensive ones that I enjoy are:
Taco Shack in the 1900 block Cornwall. This block has lots of small health food restaurants which are convenient for eating in when you’re on your way back from the beach on a hot summer’s day.
Chianti’s at 1850 W. 1st. It’s been there for a long time, featuring good food and excellent value.
Greens and Gourmet at 2582 W. Broadway has a wonderful vegetarian buffet.
Khai Thai To Go at 2184 Cornwall serves up a super thai curry.
Nats New York Pizzeria at 2684 W. Broadway has been around for a long time and everything there is good, particularly the thin crust pizza. Super friendly service also.
Don’t forget Moderne Burger in the 2500 block of W. Broadway. You can get any kind of burger here and they’re all good.
Patisserie Lebeau at 1728 w 2nd has the best Belgian waffles.
Siegels Bagels on Cornwall has the best bagels, you can have lunch there or buy to go.
Viva Bakery on Yew is one of the best. There’s a great Italian ice cream parlour right across the street. As is Transylvania Bread in the 3400 block of W. Broadway, run by a Romanian who makes excellent rye bread. Then there’s Nottes Bon Ton Pastry and Confectionary which relocated a few years ago from Granville and Robson. It’s a very old Vancouver business.
The French Community Centre at 1551 w 7th has a very small but excellent restaurant where you can get a 3 course meal for $21. It’s extremely popular. Kits has lots of good sushi places, too. For dinner and entertainment you can’t beat Rossini’s on Yew. Good but inexpensive food and excellent live jazz music or just sit at the bar for a cocktail and make friends from the neighbourhood.
More expensive restaurants would include Feenie’s on Broadway (Vancouver’s best chef), and Quattro on 4th for some great Italian food, and of course Bishop’s on 4th.
Maria’s Taverna on 4th is my favourites for good Greek food. There are many other Greek restaurants on W. Broadway that are also good.
Go Fish in the 1500 block West lst has excellent seafood. Bistro Pastis at 2153 w. 4th has wonderful French brunches, lunches and dinners. Great service too.
Not to forget Epic at the corner of lst and Cypress. Enjoy a coffee or European-style lunch or more expensive dining upstairs. Truly wonderful.
And of course the list wouldn’t be complete without including Capers, which has a wonderful organic salad bar and home made soup. It’s one of my favourite lunch spots. Or drop by for a coffee and muffin. Excellent breads and bakery section or sandwiches or ready-made dinner to go.
Take a walk up 4th Avenue and W. Broadway or Cornwall and enjoy the Kitsilano food experience!
There is a great wine shop next to Capers and lots of inexpensive health food restaurants, such as the Naam which has been there since 1970s.
Recently opened:
The Noodle Box, 1867 w 4th
Fast, simple, tasty and cheap boode boxes. Pick your combo and have it cooked whilst you wait $9.50
Gastropod, 1938 W 4th
Just won Best New Formal Restaurant in Vancouver. Excellent modern French-centric cooking. Excellent food fairly priced
Fuel, 1944 W. 4th
First time restauranteurs Robert Belcham (ex-chef de cuisine at “C” and Tom Doughty (ex-sommelier at “C”) have created a ever-so elusive cool and casual feel so distinct to Kits and combined it with high quality food. Fine dining at its best.
Bistrot Bistro, 1961 W. 4th
A fine wine list, available by the glass and the menu is even better.
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The Value of Vancouver Real Estate
May 13th, 2007 Categories: Real Estate News
[youtube]http://www.youtube.com/v/S0EYo5k8WAk[/youtube]
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Mortgage News
May 13th, 2007 Categories: Real Estate News, Vancouver Real Estate
[youtube]http://www.youtube.com/v/tgFAlx5RH4E[/youtube]
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Kitsilano Statistics for May 2007
May 8th, 2007 Categories: Kitsilano, Vancouver Real Estate
Resale condos in Kitsilano last month had 85 listings.
Of these, 11 were under $300,000, 55 were between $300-$500,000 and 18 were between $500-$1,000,000. One listing was over $1,000,000.
Least expensive was $278,000 for 545 sq. ft. in an older building - $495 per sq. ft.
Looking now at sales, we see there were 47 sales in may’07, with less than 2 months’ inventory on the market. Compare with 53 sales in April’07 and 48 sales last year in May ‘06.
We saw 10 sales at under $300,000, and 29 under $500,000 while 8 went for over $500,000. The least expensive sale was $224,000 for 465 sq. ft. ($481 per sq. ft.) The most expensive was $702,000 for 1053 sq. ft. in Arbutus Walk ($666 per sq. ft.)
There were 26 condos sold over list price and 7 sold at list price. Of 47 sales only 14 sold below list. So it looks like it is still a hot market for kits condos.
In townhomes we saw 47 listings from $436,000 for 832 sq. ft. to $1,999,000 for 1800 sq ft which is $1100 per sq. ft. Of these, 29 are listed under $1,000,000.
There were 21 townhome sales, with 5 under $500,000, 12 between $500- $1,000,000 and 4 over $1,000,000, with 2 months’ inventory on the market. Of those sales, 10 sold over list and 3 at list, leaving only 8 selling under list price. Once again, indicating that it is still a hot market.
Compare: 25 sales last month in April’07 and 28 sales last year in May’06.
Kitsilano Houses
In May we saw 34 listings for Kitsilano houses. Of these, 8 were under $1,000,000, and 3 were over $2,000,000. The most expensive of these, on Point Grey Road, listed at $5,528,000.
There were 23 house sales this May, with 5 under $1,000,000 and 2 over $2,000,000. The most expensive was $5,750,000. Of these, 8 went at over list, while 3 were at list. With a month and a half worth of inventory on the market, this is still a tight market.
Now compare last year’s 22 sales in May’06, and last month’s 30 sales in April’07.
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