Many of Vancouver’s neighbourhoods saw real estate prices bottom in December 2012. Vancouver’s Downtown is no exception, condo prices in April are still trending up, for the fourth consecutive month. The average sale  price now sits at $504,273 and first reached this level in October 2009. The peak was $584,689 in Sept’12.

Vancouver real estate prices are a little confusing  because they haven’t dropped off the cliff the way they did in 2008, instead they’re see-sawing but the trend is definitely downward. Current Kitsilano house prices tumble 30% from two years ago with an average sale price at $1,544,452, down from $2,168,655 in April 2011. In April ...]]>

Vancouver real estate prices are a little confusing  because they haven’t dropped off the cliff the way they did in 2008, instead they’re see-sawing but the trend is definitely downward. Current Kitsilano house prices tumble 30% from two years ago with an average sale price at $1,544,452, down from $2,168,655 in April 2011. In April 2006 the average price sat at $1,112,897. View the graph.

Why Are Kitsilano Condo and Townhome Sales Up From a Year Ago?

Kitsilano Condo and townhome sales are up 40% and 21% from a year ago but house sales dropped 46%. Perhaps the affordability factor has kicked in. Who can afford a small old house for $1.5M? Listings have risen this Spring but remain below a year ago.

How Much Does It Cost to Live in Vancouver’s Kitsilano?

Condos start at $257,000, townhomes at $349,000 and houses from $1,075,00 for a fixer-upper.

Put my Kitsilano hyper-local experience to work for you today!

In March 2013 new legislation was passed in BC that changes effects Vancouver real estate when a couple separates. Under the new Act, unmarried couples who’ve lived together in common law for at least two years are considered to be spouses and treated the same as married couples when it comes to the division of ...]]>

In March 2013 new legislation was passed in BC that changes effects Vancouver real estate when a couple separates. Under the new Act, unmarried couples who’ve lived together in common law for at least two years are considered to be spouses and treated the same as married couples when it comes to the division of property. So if a couple separates both will share equally the family property and debt that accrues during the course of their relationship and you need to know how the new BC family law act impacts your Vancouver real estate.

What is Family Property and What is Excluded?

Family property is all property that either spouse owns at separation, regardless of whose name it is in, unless the property is excluded.  Excluded property is property held in trust or acquired by a spouse prior to the relationship, gifts or inheritances, settlements or awards of damages and money paid under an insurance policy. However, the exclusion does not include increases in value during the relationship. The value of the property as of the later of the date of the commencement of the relationship, or the date it was acquired generally will not be shared upon separation.

What About Written and Co-Habitation Agreements?

Common law couples who do not want the property division rules to apply to them, can opt-out by preparing a written agreement and divide their property and debt as they see fit. If you are selling a Vancouver property because of a separation it is advisable to seek legal advice. Both spouses signatures will be required on the listing and contract of purchase and sale agreement.

Put my hyper-local Vancouver real estate experience to work for you!

Why are East Vancouver real estate prices rocking on? Geographically East Vancouver has long been a desirable alternative to the expensive West Side and this is now more true than ever – given the very expensive cost of a house west of Main Street. Vancouver home buyers can find themselves a brand new house in the ...]]>

Why are East Vancouver real estate prices rocking on? Geographically East Vancouver has long been a desirable alternative to the expensive West Side and this is now more true than ever – given the very expensive cost of a house west of Main Street. Vancouver home buyers can find themselves a brand new house in the Main Street corridor for $1.5M vs $2.5M on the west side. The run up in west side prices due to the strong demand from Mainland China continues to send more buyers East.

How Are East Vancouver’s Real Estate Prices?

East Vancouver Homes average sale price is $918,20, up 0.8% from a year ago. Townhomes are $661,487 up 4.4% from a year ago and East Vancouver condos sit at $348,976 , down 11%% from a year ago. The active to sales ratio softened slightly to 17%, on a steady rise since Sept’12. It took an average of 41 days to sell an East Vancouver property. A pretty stable market!

 East Vancouver Property Sales Remain Low

East Vancouver sales remain 25% less than a year ago and lower than any April in the past seven years but on a steady increase since bottoming in Dec’12.   Property Listings are trending up again and are 6.5% higher than a year ago.

Share your thoughts about East Vancouver real estate market, leave a message at the bottom of this page on Facebook!

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The sun’s out and summer’s arrived early this year, yahoo! And I’ve been busy with listings, showings and offers, so now back to blogging! Vancouver’s beaches are packed and did you know our city made the list of  Top Ten Beach Cities? Vancouver Home sales have improved this year and the listings to sales ratio has ticked ...]]>

The sun’s out and summer’s arrived early this year, yahoo! And I’ve been busy with listings, showings and offers, so now back to blogging! Vancouver’s beaches are packed and did you know our city made the list of  Top Ten Beach Cities? Vancouver Home sales have improved this year and the listings to sales ratio has ticked up to a more balanced market but still favouring buyers. So where’s the buzz? Is Vancouver real estate now boring? 

So What’s Really Happening With Vancouver Real Estate Prices?

Vancouver home prices are on a see-saw ride but remain below the peak.  Average days on the market sits at 50, up about 30% from a year ago. Total Vancouver listings bottomed in December and has risen since then, which is norma,l and remains 10% below a year ago.

This week I came across a one and two bedroom condo in Kits that are well below market value!  There are also some super buys in Coal Harbour and the West End.  Let me find you the right Vancouver condo!

Vancouver Home Sales Double From Dec’12

Vancouver (west side)  home sales climbed from 236 in December 2012 to 519 in April and have levelled, sitting at 5.6% less than a year ago.

What’s Next for Vancouver West Side Homes?

Our friend Cameron Muir, Chief Economist and local guy at BCREA says our economy will improve in the last half of 2013 and that’ll create more jobs and more real estate sales in BC, growing 6.5% next year.

What do you think? Good time to buy or good time to sell a Vancouver property? Leave your comment at the bottom of this page on Facebook and Like Us!

Call for a market analysis!   hyper-local experience in vancouver’s waterfront neighbourhoods!

Greater Vancouver real estate sales in April saw the lowest total for the month since 2001 and was 20.9% below the 10 year average for the month but sales to active listings ratio rose to 15.7%, the second consecutive month it has been above 15% , having bottomed at 8% in Sept’12.  Greater Vancouver average ...]]>

Greater Vancouver real estate sales in April saw the lowest total for the month since 2001 and was 20.9% below the 10 year average for the month but sales to active listings ratio rose to 15.7%, the second consecutive month it has been above 15% , having bottomed at 8% in Sept’12.  Greater Vancouver average sale price clocked in at 0.4% above a year ago, now at $741,164, having bottomed at $672,129 in July’12 but down from $762,337 in March.  Are Greater Vancouver real estate prices rising?

Are Greater Vancouver Real Estate Listings Higher Than A Year Ago?

No! They’re 2.4% lower than a year ago but 8.2% higher than March. Average days on market levelled at 56 and sellers dropped an average of 4% off list price.

What is the Second Quarter Housing Forecast for BC?

Cameron Muir, Chief Economist of BCREA, thinks this is a transition year for the real estate sector and that the BC economy will pick up in the last half of the year, creating more jobs and therefore more housing sales. He predicts the year will finish 1.9% higher than last year, before edging up a further 6.5% in 2014 to 73,400 units. The 5 year average is 74,600 and the 10 year average is 86,800. 2005 was the record year with a whopping 106,300 sales in BC.

What do you think? Are you a Vancouver real estate buyer or seller in this market and why? Sign up for a buyer or seller pack!

P.S. I am your Vancouver real estate condo realtor! hyper-local experience!

When representing Vancouver condo buyers I drill down on specific neighbourhood stats, searching out the best buy for my clients. This week I’ve come across a few, so  today I’ll feature a great buy for a Kitsilano condo that is a screeching deal, based on recent sales in the building and recent comparable sales in ...]]>

When representing Vancouver condo buyers I drill down on specific neighbourhood stats, searching out the best buy for my clients. This week I’ve come across a few, so  today I’ll feature a great buy for a Kitsilano condo that is a screeching deal, based on recent sales in the building and recent comparable sales in this sought after Vancouver neighbourhood.

What are the Best Features of this Condo

An excellent location which is conveniently located to the West Broadway bus, giving access to both UBC, Downtown and the Skytrain, plus grocery stores, restaurants and coffee shops at your finger tips. And did I mention you’re a skip and hop  to Jericho Beach and park? The condo is in move-in condition, is a south-west corner and overlooks a beautiful garden, filled with trees which make it very private when you’re on your deck.

How Much Below Market Value is this Kitsilano Condo?

304-3720 W. 8th is listed at $448,000, only $447psf.  It was originally listed at $529,000. 2012 Tax assessment is $497,000. Last comparable sale in the building was $533,000 two years ago. No two bedroom Kits condos with at least 1000sf have sold in 2013 for less than $508,000.

Call me if you wish to scoop this deal or want more info on Kits condo deals!

Coal Harbour is Vancouver’s most luxurious waterfront neighbourhood and Bayshore Drive was the beginning of Coal Harbour converting from a ship building to residential condo buildings back in the mid 1990s. Bayshore Drive is nestled next to Stanley Park on the quiet east side of Coal Harbour, with easy access to the ...]]>

Coal Harbour is Vancouver’s most luxurious waterfront neighbourhood and Bayshore Drive was the beginning of Coal Harbour converting from a ship building to residential condo buildings back in the mid 1990s. Bayshore Drive is nestled next to Stanley Park on the quiet east side of Coal Harbour, with easy access to the West End and still steps to the seawall. Drop by and admire my view from 1103-1680 Bayshore Drive. $1,048,000.

What Makes Me Special?

I’m a rare n.w. corner condo with unobstructed mountain and marina views from my living, dining, kitchen and den. My most efficient floorplan offers a large deck where you can sip a cocktail after work, relax and enjoy the views. I’m 1130sf two bedroom condo with two baths and a huge insuite storage, as well as a locker downstairs and I have two parking stalls. My building boasts a 24/7 concierge and exercise room. I was built in 2002.

Am I Priced to Sell?

You bet I am! My seller is serious andI’m  the best priced view condo on Bayshore. I have a lovely tenant who’d like to stay, or you can move in.

Contact me for listings, prices and  info on Coal Harbour’s Bayshore Drive!

P.S. I am your Vancouver Coal Harbour Realtor with hyper-local experience!

There are lots of questions you’ll want answered before you invest in Kitsilano real estate, be it a house, townhome or condo. Some of the most asked questions I get are about schools, parks, transportation, recreation, shopping, restaurants, entertainment and crime rates. So here’s to a terrific Tuesday for real estate in Vancouver’s Kitsilano.

As a leading Vancouver Realtor with decades of hyper-local experience I enjoy drilling down on specific neighbourhood  and condo building stats for my clients. Given that Vancouver’s real estate market favours buyers (more supply than demand), I thought I’d do an analysis at a glance to determine who’s selling in Vancouver’s Coal Harbour and why?