Jules Seaman // 604-780-4102 // jules@evaluateyourhome.ca

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Tuesday, April 15, 2014

Three Steps to Choosing a Realtor

Getting a professional Realtor to help with buying and selling is always a good idea. But how do you know if you’vegot the right Realtor for your needs? Here are some tips to help you make the right decision.

 

#1. Before the Search

 

Know what you want.


Sit down and make a list of things you want from your realtor. These can be certain services or even characteristics. Everyone benefits form a good partnership, so don’t be shy, write down everything you would want in a perfect Realtor.

 

Adjust your list


Its great to know exactly what you want, but nobody is perfect. Figure out what is most important, and start looking for realtors with those qualities. The other items on your list can be bonuses, or help you decide between two great choices.

 

#2. Start Searching

 

Talk to previous clients


Hearing first hand stories about your potential realtor can give you valuable insight to how they conduct themselves.

 

Research Accomplishments


There are plenty of awards available in the Real Estate world. Look for realtors who have gained awards based on their performance. Odds are, they know what they’re doing.

 

Look at their listings


Check for price ranges and types of homes so you get an idea of what kind of houses they are selling. This can help you determine if you and your house would be a fit. Remember that the numbers don’t tell the full story. If they only have a few listings, it could mean they are either great at selling and have been selling their houses fast or they are having trouble getting clients to list with them. Either way, it will give you some more information, and some prep questions for if you decide to meet with them.

 

Online Presence


Make sure your Realtor is online. Most buyers start their search on the internet, and a Realtor who is online is paying attention to buyer and seller behaviour. 

 

#3. Interview

 

Ask Questions


Ask about houses for sale that are not listed by the Realtor in your area if you are selling, or in the area you want to move too. If they can give you information about houses in the markets you are interested in, they know the area and are on top of the market. 

 

Be clear with your expectations


Run by all your expectations, like how often and when you would like to be informed of changes, or when the realtor is available for you.  As well as anything else you need help with that you would like their assistance with, such as finding a mortgage broker.

 

Remember to meet with several Realtors before making your decision. It is important you are comfortable with you choice so that the home buying or selling experience can be positive. 

 

 

  

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Monday, April 14, 2014

Century 21 Centurion Producer and Masters Hall of Fame

On March 10th I was awarded the Century 21 Centurion Producer and Masters Hall of Fame award.

 

The Century 21 Centurion Producer award is given out to the top agents that sell between 60 - 120 units per year. 

 

The Masters Hall of Fame Award: CENTURION® Producer is awarded to top Realtors for seven out of ten consecutive years of service. 

 

I would like to extend a heart felt thank you to all my amazing clients for working with me over the years! 



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Tuesday, April 8, 2014

Steady Vancouver Real Estate Market is Trending Towards Sellers

Real estate listings in the Greater Vancouver area are on the rise. Listings this March have risen 9.1% from March 2013 listings, and have increased 12.4% since February 2014. The increase in listings means more supply for buyers. This is good news for buyers and sellers. Buyers have more choices, but sellers are still seeing multiple offers. A great house that is priced right can even sell within a week.

 

Hot neighbourhoods are popping up all over the Vancouver real estate market. Areas like Main Street, Mount Pleasant East & West, Cambie, Point Grey, and Dunbar are in high demand. Good properties are scarce here, which is creating high competition among buyers. Foreign investors and buyers are snatching up west side homes, which increases the push to seek homes in the east end. This is pushing buyers to look further east for more affordable homes. But they are being met with high prices because of the large buyer to seller ratio. It is a good time to be selling in these neighborhoods.

 

Numbers are especially high in the detached housing market. Buyers are very eager to buy land and houses. They are also being more selective of properties and interest is high for properties in good shape.

 

The sales-to-active-listings ratio remains at 18.2% since last February. What seemed to be a balanced market is now trending towards a sellers market.

 

 

 

 

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Monday, March 31, 2014

Available Now: A Rare Luxury Penthouse Real Estate Opportunity in Vancouver

Vancouver has some amazing penthouses which rarely come up for sale. When they do, they offer a rare opportunity for buyers looking to get into the luxury real estate market in Vancouver. 

 

The Sterling Penthouse is now one of those rare opportunities. 

 

Situated at 1050 Smithe in downtown Vancouver, the Sterling Penthouse offers over 2000 square feet of exclusive two level luxury living. 19 foot vaulted ceilings with floor to ceiling windows and amazing panoramic views of Vancouver make the Sterling an exceptional gem in the heart of the city. 


The Sterling Penthouse also boasts top of the line Sub-Zero & Bosch appliances, Granite counter tops, 2 large decks with over 1100 square feet of outdoor living space and a Limestone gas fireplace. 

 

 

Former Superbowl Champion Mitch Berger


Owned by former Superbowl Champion Mitch Berger, the Sterling Penthouse offers an oasis of opulence overlooking the city. Truly an opportunity not to be missed.

 

Contact me today to book a viewing. 



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Friday, January 17, 2014

I have sold a property at 601 888 HOMER ST in Vancouver

I have sold a property at 601 888 HOMER ST in Vancouver.
Welcome to the Beasley - A life of luxury soaring 34 storeys above Yaletown & Robson Street. This south west BRIGHT facing 2 BDRM, 2 bath + den offers 940 sq ft of spacious living in a perfectly laid out open floor plan w/separate bdrm.Open your door to rich hardwood flooring & a gourmet chefs kitchen complete with oversized stone slab C/T, SS Premium appliances, bar pendant lighting & high quality modern shaker cabinetry & full height ceramic tub surround & heated tile floors. Great views of greenery & down Homer Street from your over sized patio. The Beasley perfectly balances beauty, style & functionality.
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Monday, July 9, 2012

Gastown Condos Lead the Way for Modern Design

When it comes to Vancouver's ubiquitous condos, few are as highly-coveted as those in the vibrant downtown neighbourhood of Gastown, best known today for its chic restaurants and stylish denizens. Gastown was originally named in honor of the legendary Captain "Gassy Jack" Deighton. He built a saloon near Burrard Inlet in the 1860s, starting a precedent for business, socializing, and comfortable living in what is now downtown Vancouver. Over the course of several decades, more busineses followed Gassy Jack's lead, and the Gastown district was born. In Gastown today, you will see a wide variety of charming buildings that still retain the flair of history, Victorian living, and Edwardian architecture. But step inside a Gastown condo, and all the comforts of the modern era are alive!

 

 

With such a wide diversity of condos available - and more being built every year - Gastown has a condo that fits just about anyone's personal style. If you love the charm and nostalgia of history, then you will love the exposed brick walls, refinished hardwood floors, custom paint on the walls, and beautiful views over the city of Vancouver from your historic condo building that retains all the original external architecture of an era gone by. Those with more of an eye towards the future, for their part, will probably prefer some of the newer developments going up, which tend to embrace the glass-and-steel skyscraper look that's come to dominate Vancouver's skyline over the past twenty years. Streaming with reflective, shiny glass, the condos give you a wake up call with the streaming West Coast sun and a kiss goodnight as the moon shines on you in bed. You will also typically enjoy custom stainless steel appliances, granite countertops, and sleek, contemporary home furnishings. What the newest condos and the refurbished classics have in common is, of course, their avant-garde interior design and layout - a cutting-edge style that has come to define Gastown's identity as much as its real estate market.

 

So, what exactly defines the Gastown style of interior design? Of course, there's plenty of variation depending on the residents' specific aesthetic tastes, but there are also 3 overarching themes that pop up over and over again:

 

1. Embracing modernism. From sleek modern sofas to flawless-looking stainless steel appliances, contemporary Gastown condos are renowned for their love of modern-style interior furnishings and design schemes. The principles of modern design are based around simplicity, with straight lines and basic designs taking precedence over curves or convoluted patterns. This interior design aesthetic is thought to provide a subconscious boost to relaxation, as its eschews clutter and a "busy" look in favor of minimalism and utilitarianism. In today's fast-paced world, it's no wonder so many people want their condos to resemble streamlined havens from all the problems of the hectic world outside!

 

2. Incorporating nature. In line with its West Coast geography, Gastown style interior design has historically embraced nature, both in terms of exterior scenery and interior accessories. The omnipresent full-length windows effortlessly facilitate easy views of the scenic Coast Mountain range and the blue Pacific Ocean, with some lucky condos also enjoying a view of world-famous Stanley Park as well. Beyond that, many Gastown condos have brought a part of nature high above the city streets, from potted ferns and balcony gardens to coffee table books about local wildlife and history.

 

3. Open floor plans. If home is where the heart is, Gastown condos are all about hearts being open, versatile, and welcoming. This is accomplished with the neighbourhood's iconic open floor plans, which allow condos to be designed - and redesigned - as many times as necessary, with great ease. Transforming a condo from a family domicile to the perfect venue for a cocktail party becomes as easy as shifting furniture around and changing up the decorations. Above all else, open floor plans are about empowering the homeowner to be able to adjust their residence to suit any need, taste, or trend.

Whether you choose to embrace Gastown style interior design, or simply take inspiration from select pieces of it, you're sure to fit in in one of Vancouver's most chic and desirable neighbourhoods. Happy designing!

 

www.MoblerFurniture.com

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Wednesday, January 4, 2012

Balanced real estate market prevailed through much of 2011

The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease from the 35,669 residential sales in 2009. Last year’s home sale total was 6.3 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.

 

The number of residential properties listed for sale on the MLS® in Greater Vancouver increased 2.7 per cent in 2011 to 59,549 compared to the 58,009 properties listed in 2010. Looking back further, last year’s total represents a 12.8 per cent increase compared to the 52,869 residential properties listed in 2009. Last year’s listing total was 11.1 per cent above the ten-year average for annual Multiple Listing Service® (MLS®) property listings in the region.

 

“It was a relatively balanced year for the real estate market in Greater Vancouver with listing totals slightly above historical norms and sale numbers slightly below,” Rosario Setticasi, REBGV president said.

 

Residential property sales in Greater Vancouver totalled 1,658 in December 2011, a decrease of 12.7 per cent from the 1,899 sales recorded in December 2010 and a 29.7 per cent decline compared to November 2011 when 2,360 home sales occurred.

 

More broadly, last month’s residential sales represent a 34.1 per cent decrease over the 2,515 residential sales in December 2009, a 79.4 per cent increase compared to December 2008’s 924 sales, and a 12.6 per cent decrease compared to the 1,897 sales in December 2007.

 

The overall residential benchmark price, as calculated by the MLSLink Housing Price Index®, for Greater Vancouver increased 7.6 per cent to $621,674 between Decembers 2010 and 2011. However, prices have decreased 1.5 per cent since hitting a peak of $630,921 in June 2011.

 

“Our market remained in a balanced state for most of the year, although higher levels of demand for detached properties in the region’s largest communities caused prices in certain areas to rise higher than others,” Setticasi said. “For example, the benchmark price of a single-family detached home experienced double-digit increases in nine areas within the region over the last 12 months.”

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 1,629 in December 2011. This represents a 4.1 per cent decline compared to the 1,699 units listed in December 2010 and a 49.4 per cent decline compared to November 2011 when 3,222 properties were listed.

 

Sales of detached properties in December 2011 reached 630, a decrease of 18.1 per cent from the 769 detached sales recorded in December 2010, and a 30.2 per cent decrease from the 902 units sold in December 2009. The benchmark price for detached properties increased 11.2 per cent from December 2010 to $887,471.

 

Sales of apartment properties reached 774 in December 2011, a decline of 4.6 per cent compared to the 811 sales in December 2010, and a decrease of 32.9 per cent compared to the 1,154 sales in December 2009.The benchmark price of an apartment property increased 3.7 per cent from December 2010 to $401,396.

 

Attached property sales in December 2011 totalled 254, a decline of 20.4 per cent compared to the 319 sales in December 2010, and a 44.7 per cent decrease from the 459 attached properties sold in December 2009. The benchmark price of an attached unit increased 4.2 per cent between December 2010 and 2011 to $511,499.

 

Download the complete stats package by clicking the link bellow:

 

http://www.rebgv.org/sites/default/files/REBGVStatsPackage_Dec2011.pdf

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Monday, November 7, 2011

Greater Vancouver at lower end of balanced housing market

With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years.

 

“Right now, prospective home buyers have a good selection of properties to choose from and more time to make decisions,” Rosario Setticasi, REBGV president said. “Home sellers should be mindful of local market conditions to ensure they are pricing their properties competitively.”

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,374 in October, which is on par with the 10-year average. This represents an 18.3 per cent increase compared to October 2010, when 3,698 properties were listed for sale on the MLS®, and a 23 per cent decrease compared to the 5,680 new listings reported in September 2011.

 

The total number of properties listed for sale on the Greater Vancouver MLS® system currently sits at 15,377, which is 9.3 per cent higher than the 14,075 properties listed for sale during the same period last year. October was the first month that the total number of property listings showed a decrease this year.

 

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 7.5 per cent to $622,955 in October 2011 from $579,349 in October 2010. However, since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 1.3 per cent.

 

Sales of detached properties in October reached 974, which represents virtually no change from the 976 detached sales recorded in October 2010, and a 34.5 per cent decrease from the 1,487 units sold in October 2009. The benchmark price for detached properties increased 11 per cent from October 2010 to $884,778, but decreased 1.3 per cent compared to the previous month.

 

Sales of apartment properties reached 958 in October, a 2.6 per cent decrease compared to the 984 sales in October 2010, and a decrease of 40.4 per cent compared to the 1,607 sales in October 2009. The benchmark price of an apartment property increased 3.2 per cent from October 2010 to $402,702, but decreased 0.7 per cent compared to the previous month.

 

Attached property sales in October totalled 382, a 1.3 per cent increase compared to the 377 sales in October 2010, and a 37.4 per cent decrease from the 610 attached properties sold in October 2009. The benchmark price of an attached unit increased 6.5 per cent between October 2010 and 2011 to $519,455, and increased half a per cent compared to the previous month.

 

Download the complete stats package bellow:

http://www.rebgv.org/sites/default/files/REBGV_StatsPackage_October2011.pdf

 

copyright© real estate board of greater vancouver. all rights reserved.

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Tuesday, August 9, 2011

Active home sellers bring greater selection to the Greater Vancouver Housing Market

English-Bay - Vancouver-RealtorWhile the balance between home buyer and seller activity remains in an equilibrium range in the Greater Vancouver housing market, last month’s home sale total was below the 10-year average for July.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,571 in July, a 14 per cent increase compared to the 2,255 sales in July 2010 and a 21.2 per cent decline compared to the 3,262 sales in June 2011.

“We’re seeing less multiple offer situations in the market today compared to the last few months, but our members tell us that homes priced competitively continue to sell at a relatively swift pace,” Rosario Setticasi, REBGV president said. “It’s taking, on average, 41 days to sell a property in the region, which is unchanged from June of this year.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,097 in July. This represents a 23.2 per cent increase compared to July 2010 when 4,138 properties were listed for sale on the MLS® and a 12 per cent decline compared to the 5,793 new listings reported in June 2011.

Last month’s new listing total was 8.6 per cent higher than the 10-year average for July, while residential sales were 17.3 per cent below the ten-year average for sales in July.

At 15,226, the total number of residential property listings on the MLS® increased 0.8 per cent in July compared to last month and declined 7.3 per cent from this time last year.

“The number of homes listed for sale in the region has increased each month since the start of the year, which is giving buyers more selection to choose from and more time to make decisions,” Rosario Setticasi, REBGV president said.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 9.2 per cent to $630,251 in July 2011 from $577,074 in July 2010.

Sales of detached properties on the MLS® in July 2011 reached 1,099, an increase of 21 per cenSpanish-Banks - Vancouver-Realtort from the 908 detached sales recorded in July 2010, and an 31.9 per cent decrease from the 1,614 units sold in July 2009. The benchmark price for detached properties increased 13.3 per cent from July 2010 to $898,886.

Sales of apartment properties reached 1,040 in July 2011, a 6.2 per cent increase compared to the 979 sales in July 2010, and a decrease of 39.1 per cent compared to the 1,708 sales in July 2009. The benchmark price of an apartment property increased 4.5 per cent from July 2010 to $405,306.

Attached property sales in July 2011 totalled 432, a 17.4 per cent increase compared to the 368 sales in July 2010, and a 45.5 per cent decrease from the 792 attached properties sold in July 2009. The benchmark price of an attached unit increased 6.9 per cent between July 2010 and 2011 to $524,909.
Statistics courtesy of the Real Estate Board of Greater Vancouver. Please visit http://www.rebgv.org for more information.
For information on Vancouver real estate and Vancouver listings, please contact experienced Vancouver Realtor Jules Seaman.
Jules Seaman
421 Pacific St.
Vancouver, BC V6Z 2P5
604-780-4102 cell
604-685-5951 off
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Monday, July 25, 2011

Vancouver Real Estate is Valuable Regardless of the Weather

Vancouver-Real-EstateWith the weather unseasonably cold and rainy as it has been, it’s easy to forget why we live in Vancouver. Vancouver real estate is among the most expensive in the world, after all, so what exactly are we paying for?

Lifestyle

Vancouver is consistently named one of the top places to live in the world, landing as number one on several surveys. We have a beautiful, clean, safe and environmentally friendly city in an economically and politically stable country. While beautiful scenery surrounds Vancouver, we are also blessed with world-class shops and restaurants, offering something for everyone.

 

Ocean

Situated on the coast of the Pacific Ocean, Vancouver residents enjoy more than just a gorgeous view. We have fabulous beaches such as Spanish Banks and Third Beach, one of the longest seawalls in the world, and innumerable islands to explore, all accessible by boat. Cycle the seawall, join a beach volleyball team, or play Pitch and Putt in Stanley Park overlooking the ocean. Sure, it’s colder than usual for this time of year, but it’s still possible to enjoy these summer activities!

 

Mountains

The stunning backdrop of the mountains over Vancouver’s skyline makes our city one of the most beautiful in the world. Residents of Vancouver, however, know the mountains provide more than this panorama. Although skiers and snowboarders revel in the countless hours of fun the ski season brings, these mountains are enjoyed by all year-round. Mountain bikers and hikers have a playground at their doorstep, and Caribbean Days - Vancouver-Real-Estatetourists venture from all over the planet to catch the view from the top of Grouse Mountain.

 

Culture

Vancouver is a melting pot of cultures from around the world, and summer is the best time to experience a taste of what some of these cultures have to offer. Italian Day takes place on Commercial Drive, and Greek Day on Broadway.  Caribbean Days light up North Vancouver, as does the Lantern Festival in Deer Lake Park. The Night Market in Chinatown occurs every weekend in the summer, where visitors can sample Asian Fare and browse merchandise. The Celebration of Light features international competitors offering extravagant fireworks displays that can be enjoyed from points all around Vancouver.

 

West Coast living is bound to come with some wet weather, but we get so much more than rain. Granted, we wait out the winter in exchange for the epic summers for which Vancouver is renowned, but enjoying all this beautiful city has to offer is not dependent on the sun. It may be disappointing at times, but if anyone knows how to handle a little rain, Vancouverites do.
For information on Vancouver real estate and Vancouver listings, please contact experienced Vancouver Realtor Jules Seaman.
Jules Seaman
421 Pacific St.
Vancouver, BC V6Z 2P5
604-780-4102 cell
604-685-5951 off
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Monday, July 4, 2011

Vancouver Housing Market Trends Towards Balance after an Active Spring Season

Vancouver-Real-EstateHome sellers outpaced buyers on Greater Vancouver’s Multiple Listings Service® (MLS®) in June, drawing the market back toward balance this summer.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 3,262 in June, a 9.8 per cent increase compared to the 2,972 sales in June 2010 and a 3.4 per cent decline compared to the 3,377 sales in May 2011.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,793 in June. This represents a 4.5 per cent increase compared to June 2010 when 5,544 properties were listed for sale on the MLS® and a 2.3 per cent decline compared to the 5,931 new listings reported in May 2011.

Last month’s new listing total was 9.8 per cent higher than the 10-year average for June, while residential sales were 7.3 per cent below the ten-year average for sales in June.

“With sales below the 10-year average and home listings above what’s typical for the month, activity in June brought closer alignment between supply and demand in our marketplace,” Rosario Setticasi, REBGV president said. “With a sales-to-active-listings ratio of nearly 22 per cent, it looks like we’re in the upper end of a balanced market.”

At 15,106, the total number of residential property listings on the MLS® increased 3.1 per cent in June compared to last month and declined 14 per cent from this time last year.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 8.7 per cent to $630,921 in June 2011 from $580,237 in June 2010.

“The largest price increases continue to be in the detached home market on the westside of Vancouver and in West Vancouver,” Setticasi said. “Since the end of May, the benchmark price of a detached home rose more than $147,000 on the westside of Vancouver and over $80,000 in West Vancouver. Detached home prices in Richmond, however, levelled off slightly, declining $25,000 in June.”

Sales of detached properties on the MLS® in June 2011 reached 1,471, an increase of 29.1 per cent Vancouver-Realtorfrom the 1,139 detached sales recorded in June 2010, and an 11.8 per cent decrease from the 1,667 units sold in June 2009. The benchmark price for detached properties increased 13.4 per cent from June 2010 to $901,680.

Sales of apartment properties reached 1,266 in June 2011, a 0.6 per cent increase compared to the 1,258 sales in June 2010, and a decrease of 29.3 per cent compared to the 1,790 sales in June 2009. The benchmark price of an apartment property increased 3.5 per cent from June 2010 to $405,200.

Attached property sales in June 2011 totalled 525, an 8.7 per cent decrease compared to the 575 sales in June 2010, and a 34.5 per cent decrease from the 802 attached properties sold in June 2009. The benchmark price of an attached unit increased 6 per cent between June 2010 and 2011 to $522,424.
Statistics courtesy of the Real Estate Board of Greater Vancouver. Please visit http://www.rebgv.org for more information.
For information on Vancouver real estate and Vancouver listings, please contact experienced Vancouver Realtor Jules Seaman.
Jules Seaman
421 Pacific St.
Vancouver, BC V6Z 2P5
604-780-4102 cell
604-685-5951 off
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Friday, June 17, 2011

Greater Vancouver Housing Market Holds Steady and Favours Sellers in May

Vancouver-real-estate

Home sales remained at typical springtime levels on the Multiple Listing Service® (MLS®) in Greater Vancouver in May.
 
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,377 in May 2011, a 7 per cent increase compared to the 3,156 sales in May 2010 and a 4.7 per cent increase compared to the 3,225 sales in April 2011.

Looking back further, last month’s residential sales are 8.1 per cent below the ten-year average for sales in May. The three highest selling Mays ever recorded occurred in 2005, 2006 and 2007 when sales exceeded the 4,000 mark each year.

“With a sales to actives listings ratio of 23 per cent, conditions continue to favour sellers in the Greater Vancouver housing market, but activity has eased away from the near record-setting pace we saw in March,” Rosario Setticasi, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,931 in May 2011. This represents a 15.4 per cent decrease compared to May 2010 when 7,014 properties were listed for sale on the MLS®, which was the second highest total for May on record. Last month’s new listings increased 1.4 per cent compared to April 2011.

At 14,656, the total number of residential property listings on the MLS® increased 2 per cent in May compared to last month and declined 16 per cent from this time last year.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months increased 6.2 per cent to $627,568 in May 2011 from $590,662 in May 2010.

 “We’re seeing more activity at the high end of our market this year than we did one year ago. This is causing today’s average prices in the region to be less reflective of the total activity occurring in the marketplace,” Setticasi said. “The Housing Price Index benchmark prices are more accurate, reliable indicators of housing prices compared to averages.”

Of all residential properties sold on the MLS® in Greater Vancouver in 2011 to date 21 per cent sold for $1-million or higher and 20 per cent sold for $350,000 or lower. While 77 per cent of the properties that sold for over $1-million were located in West Vancouver, the Westside of Vancouver or Richmond, the properties that sold for $350,000 or lower were located throughout the entire Board area.

Sales of detached properties on the MLS® in May 2011 reached 1,570, an increase of 25 per cent fromVancouver-realtor the 1,256 detached sales recorded in May 2010, and a 12 per cent increase from the 1,402 units sold in May 2009. The benchmark price for detached properties increased 10 per cent from May 2010 to $890,833.

Sales of apartment properties reached 1,228 in May 2011, a 9.3 per cent decrease compared to the 1,354 sales in May 2010, and a decrease of 15.8 per cent compared to the 1,458 sales in May 2009. The benchmark price of an apartment property increased 2.2 per cent from May 2010 to $407,419.

Attached property sales in May 2011 totalled 579, a 6 per cent increase compared to the 546 sales in May 2010, and a 12.8 per cent decrease from the 664 attached properties sold in May 2009. The benchmark price of an attached unit increased 3.5 per cent between May 2010 and 2011 to $517,787.
Statistics courtesy of the Real Estate Board of Greater Vancouver. Please visit http://www.rebgv.org for more information.
For information on Vancouver real estate and Vancouver listings, please contact experienced Vancouver Realtor Jules Seaman.
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Monday, May 9, 2011

Greater Vancouver Housing Market Sees Typical Spring Activity in April

Spring in Stanley-Park - Vancouver-Real-EstateGreater Vancouver saw a typical, solid month of residential home sales on the Multiple Listing Service® (MLS®) in April, in contrast to the near record pace witnessed in the two preceding months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,225 in April 2011, an 8.2 per cent decrease compared to the 3,512 sales in April 2010 and a 21 per cent decline compared to the 4,080 sales in March 2011.

Looking back further, last month’s residential sales represent an 8.8 per cent increase over the 2,963 residential sales in April 2009, relatively unchanged compared to April 2008, and a 4.8 per cent decline compared to the 3,387 sales in April 2007.

“While it continues to be a seller’s market in Greater Vancouver, last month’s activity brought greater balance between supply and demand in the overall marketplace,” Rosario Setticasi, REBGV president said. “The year-over-year decline in April sales can be attributed to a less active condominium market on our MLS®, as there were more detached and townhome sales this April compared to last year.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,847 in April 2011. This represents a 23.5 per cent decline compared to April 2010 when 7,648 properties were listed for sale on the MLS®, which was an all-time record for April. Compared to March 2011, last month’s new listings total registered a 14 per cent decline.

At 14,187, the total number of residential property listings on the MLS® increased 8.2 per cent in AprilLost-Lagoon-Spring - Vancouver-Real-Estate compared to last month and declined 10 per cent from this time last year.

“There’s considerable variation in activity within the communities in our region. This is causing home price trends to differ depending on the area,” Setticasi said. “Your local REALTOR® is a valuable resource for obtaining the most accurate, up-to-date market evaluation.”

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 5 per cent to $622,991 in April 2011 from $593,419 in April 2010.

Sales of detached properties on the MLS® in April 2011 reached 1,402, an increase of 2.3 per cent from the 1,370 detached sales recorded in April 2010, and a 17.8 per cent increase from the 1,190 units sold in April 2009. The benchmark price for detached properties increased 7.4 per cent from April 2010 to $879,039.

Sales of apartment properties reached 1,201 in April 2011, a 21.3 per cent decrease compared to the 1,526 sales in April 2010, and an increase of 1.9 per cent compared to the 1,179 sales in April 2009. The benchmark price of an apartment property increased 2.9 per cent from April 2010 to $409,242.

Attached property sales in April 2011 totalled 622, a 1 per cent increase compared to the 616 sales in April 2010, and a 4.7 per cent increase from the 594 attached properties sold in April 2009. The benchmark price of an attached unit increased 2.4 per cent between April 2010 and 2011 to $514,670.
Statistics courtesy of the Real Estate Board of Greater Vancouver. For more information, please visithttp://www.rebgv.org/.
 
For information on Vancouver real estate and Vancouver listings, please contact experienced Vancouver Realtor Jules Seaman.
 
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Friday, April 8, 2011

Vancouver Home Buyers and Sellers Enter the Real Estate Market at Near Record Pace in March

Vancouver-Coal-Harbour - Vancouver-Real-EstateActivity in the Greater Vancouver housing market continued to strengthen in March with both the number of homes sold and added to the region’s Multiple Listing Service® (MLS®) reaching near record levels.
  
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 4,080 in March 2011. This represents a 31.7 per cent increase compared to the 3,097 sales recorded in February 2011, an increase of 30.1 per cent compared to the 3,137 sales in March 2010 and an 80.1 per cent increase from the 2,265 home sales in March 2009. The all-time sales record for March occurred in 2004 when 4,371 transactions were recorded.
  
“Our market has had a very strong start to the spring season,” Rosario Setticasi, REBGV president said. “With home sales above 4,000 and nearly 7,000 home listings added to the MLS® in March, it’s clear that home buyers and sellers view this as a good time to be active in their local housing market.”
 
New listings for detached, attached and apartment properties in Greater Vancouver totalled 6,797 in March 2011. This represents a 3 per cent decline compared to March 2010 when 7,004 properties were listed for sale on the MLS®, an all-time record for March. Compared to February 2011, last month’s new listings total registered a 19.4 per cent increase.
  
At, 13,110, the total number of residential property listings on the MLS® increased 9.9 per cent in March compared to last month and declined 3 per cent from this time last year.
 
“Conditions favour sellers at the moment, but we’re seeing differences in home-price trends and overall activity depending on the region and property type,” Setticasi said.
 
The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in GreaterVancouver-Westside - Vancouver-Real-Estate-Market Vancouver over the last 12 months has increased 5.4 per cent to $615,810 in March 2011 from $584,435 in March 2010.
 
Sales of detached properties on the MLS® in March 2011 reached 1,795, an increase of 34.4 per cent from the 1,336 detached sales recorded in March 2010, and a 100.1 per cent increase from the 897 units sold in March 2009. The benchmark price for detached properties increased 8.3 per cent from March 2010 to $866,806.
  
Sales of apartment properties reached 1,622 in March 2011, a 29.6 per cent increase compared to the 1,252 sales in March 2010, and an increase of 66.2 per cent compared to the 976 sales in March 2009. The benchmark price of an apartment property increased 2.1 per cent from March 2010 to $403,885.
 
Attached property sales in March 2011 totalled 663, a 20.8 per cent increase compared to the 549 sales in March 2010, and a 69.1 per cent increase from the 392 attached properties sold in March 2009. The benchmark price of an attached unit increased 3.6 per cent between March 2010 and 2011 to $511,039.
  
Statistics courtesy of the Real Estate Board of Greater Vancouver. For more information, please visit http://www.rebgv.org/.
 
For information on Vancouver real estate and Vancouver listings, please contact experienced Vancouver Realtor Jules Seaman.
 
 
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Monday, March 28, 2011

10 Steps for Selling Your Vancouver Home

Here’s a step-by-step guide to help you sell your Vancouver home.

  1. Decide when to sell In real estate, timing can influence your home’s selling price. Factors like how quickly you need to sell, whether it’s a buyers or sellers market and seasonality all play a role in your home’s final selling price.
  2. Find a REALTOR® who is right for you The REALTOR® who helped you buy your home is a good place to start. They already know your home and they know you, so you’ll be saving time right from the start. Or look for names on “For Sale” signs in your neighbourhood or ask your friends and family. Make sure to interview two or three candidates and choose the one you like best.
  3. Sign a Listing Agreement This authorizes your REALTOR® and their brokerage to market and sell your home. It will define the legal relationship between you and the real estate brokerage and also set a time limit for your REALTOR® to sell your home.
  4. Determine your home’s asking price The right asking price will attract buyers and pay you a maximum return. Setting too low a price means you could miss out on thousands of dollars. Setting too high a price will scare away buyers. Your goal is to find fair market value.
  5. Add some specialists to your team Similar to when you bought your home, it’s essential to have a notary public or a lawyer handle all the various documents that change hands and make sure your best interests are being protected at all times.
  6. Prepare your home for sale First impressions matter. Now is the time to see your home through a buyer’s eyes: get ride of the clutter, clean and repair as much as you can, within reason. Remember, weigh the cost of all your improvements versus the potential financial return.
  7. Let your REALTOR® do what they do best Your home has never looked so good and now it’s time for your REALTOR® to market it to potential buyers. This happens with a “For Sale” sign, open houses, newspaper ads, a listing on the MLS®, the internet, and, of course, through your REALTORS®’ relationship with other REALTORS®.
  8. Prepare your finances Will the buyer “assume” your mortgage or are you “discharging” it? If you’re buying a new home, is your mortgage “portable”? What taxes are involved? These are important questions to ask your REALTOR®, your mortgage lender and your notary public or lawyer.
  9. Receive an offer Although your REALTOR® will walk you through the process, be prepared for some stress. You will see every offer since it’s required that your REALTOR® show you every offer that’s submitted. You will have three options: you can accept, you can reject or you can “sign back” or “counter”. Ask your REALTOR® what these terms mean. Happy negotiating!
  10. Close the deal You were successful and have drafted a legally binding agreement. Are you done? Not quite yet. Contact your lawyer or notary public, contact your lending institution and consult your REALTOR®. Immediately start satisfying any conditions of the agreement that require action on your part. On closing day, your lawyer or notary public will finalize all the details and give you a cheque for the net proceeds.
  11. Courtesy of the Real Estate Board of Greater Vancouver.  For more informaiton, please visit http://www.rebgv.org.
  12.  For information on Vancouver real estate listings or if you are planning on selling your Vancouver home, please contact experienced Vancouver Realtor Jules Seaman.

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Tuesday, March 15, 2011

Vancouver Luxury Home Market Booming

Vancouver Luxury Home in West Vancouver - Vancouver-Real-EstateVancouver Real Estate Market

The Vancouver real estate market has remained relatively level for the better part of eight months or so, but there are areas of the market that have still been booming, and the latest statistics reveal a trend toward increased sales, benchmark prices and number of listings.  Last April, Vancouver real estate sales and housing prices reached record highs, leveling off by the summer and for the most part remaining that way until recently.  As reported by the Real Estate Board of Greater Vancouver, last month sales in Greater Vancouver of detached, attached and apartment properties increased by over 70% since January 2011 and by 42.6%, 17.5% and 101.2% respectively from this time last year.  Benchmark prices increased slightly across the board, and the new listings for Greater Vancouver homes increased by 23.6% from this time last year and 18.6% since January 2010 to 5,693.  These numbers indicate a lot of options for home buyers but also a high demand, thus the Vancouver real estate market presently benefits home buyers and home sellers alike. 

Detached Properties in Richmond and Vancouver West Luxury Homes in High Downtown-Vancouver Luxury Condo - Vancouver-Real-EstateDemand

The Real Estate Board of Greater Vancouver also reported the most movement in Richmond and Vancouver West, noting that detached homes are the most in demand.  The benchmark price of detached homes in Richmond and Vancouver West rose from around the $200,000 mark in November 2010 to above $1million last month. A recent article in the Vancouver Sun maintains that luxury homes (many of which are located in Vancouver West) remain in high demand (which pushes up the statistics of the city and the province as a whole).  In 2010, reports the Vancouver Sun, 375 Vancouver homes (of those 50 were Vancouver condos) sold for over $3million, breaking the previous record of 209.  75 of those Vancouver luxury homes sold for over $5million, and the most expensive sold for $17.5million.  According to the Sun, these sales reflect an influx of home buyers from the global market, especially Chinese investors, to which our home prices seem relatively inexpensive for the standard of living Vancouver provides.  Because sales of luxury homes are expectDowntown-Vancouver Luxury Condo - Vancouver-Real-Estateed to rise even further, soon $3 million may “no longer be considered particularly expensive,” and people will look to the $5 million mark for luxury properties in Vancouver.

While the Vancouver real estate market in general has been somewhat stable since last summer, the market for detached properties continues to boom, especially in suburban areas like Richmond, and the Vancouver luxury home market, most of which is concentrated in Vancouver West or  Downtown Vancouver condos, is at present extremely hot and especially appealing to foreign investors.

For information on Vancouver real estate listings or on the Vancouver luxury homes pictures here, please contact experienced Vancouver Realtor Jules Seaman.
 
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Thursday, March 10, 2011

Federal Government Brings in New Mortgage Financing Rules

In January 2011, the federal government introduced new rules for government-backed insured mortgages to help Canadians save more and spend less.

 

New mortgage rules

  1. The government is reducing the maximum mortgage amortization period to 30 years from 35 years. 
  2. The government is reducing the maximum amount of the value of a home that can be re-financed to 85 per cent from 90 per cent. 
  3. The government will no longer provide insurance backing to financial institutions insuring home equity lines of credit.

"These are prudent measures that promote responsible lending practices and further strengthen our internationally recognized mortgage finance system," Jake Moldowan, REBGV Board president said.

Tougher rules are in response to recent warnings from the Bank of Canada Governor, Mark Carney, about rising household debt levels. 

Key dates

Changes to the maximum amortization period and the maximum refinancing amount come into force on March 18, 2011. The withdrawal of government insurance backing on lines of credit secured by homes comes into force on April 18, 2011.

Exceptions to dates

When the rules come into force, exceptions will be allowed where they are needed to satisfy a binding purchase and sale, or a financing or refinancing agreement entered into before the corresponding enforcement dates.

How much will the new rules cost home buyers?

1. Reducing the amortization period to 30 years from 35 years

Monthly payments and total interest savings resulting from a reduction in the amortization period to 30 years for a mortgage loan of $300,000
Interest rate 35 year amortization monthly payment  30 year amortization montly payment  Increase in monthly payment 30 year vs 35 year amortization Interest savings 30 year vs 35 year amortization
4% $1,322  $1,427  $105  $41,850
5% $1,504   $1,601  $97  $55,404
6% $1,696  $1,784  $88  $69,809

2. Lowering the maximum refinancing amount to 85 per cent of the loan to value ratio.

  • Home price: $300,000.
  • Refinancing at 85 per cent: a home owner can access up to $255,000. 
  • Refinancing at 90 per cent: a home owner can access up to $270,000. 
  • Total savings in home equity: $15,000.

3. No government insurance backing to financial institutions insuring home equity loans. 
To mitigate risk to the Canadian Mortgage and Housing Corporation, lenders now offering multiple loans or a multi-segment loans secured against a borrower’s home, will no longer be eligible for government-backed insurance. However, loans with established scheduled principal and interest payments will continue to be eligible for government-backed insurance.

Home buyers can still buy a home with a five per cent down payment.

For information, visit the Federal Department of Finance at www.fin.gc.ca. Go to News Releases (January 17, 2011).
This blog post courtesy of the Real Estate Borad of Greater Vancouver.  For further information, please vist http://www.rebgv.org.
For information on Vancouver real estate listings, please contact experienced Vancouver Realtor Jules Seaman.

  


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Wednesday, March 2, 2011

Real Estate Board of Greater Vancouver Reports Increased Housing Demand in February

Richmond San Raphael Bridge - Vancouver-Real-EstateDemand for detached homes continues to be strong across Greater Vancouver, with particularly high sales volumes occurring in Richmond and Vancouver Westside.

For the past two months, the number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) in Greater Vancouver outpaced the 10-year average in both categories. From a historical perspective, February’s 3,097 homes sales outpace the 2,742 home-sale average recorded in the region over the last ten years.

“We saw an increase in demand across our region last month as more buyers entered the market in advance of the spring season,” said Jake Moldowan, president of the Real Estate Board of Greater Vancouver (REBGV). "The intensity of this activity varied between communities. Our statistics tell us that single detached homes in Richmond and the west side of Vancouver remain the most sought after properties in our marketplace.”

Between November 2010 and February 2011, the MLSLink® Housing Price Index (HPI) benchmark price of a detached home in Richmond increased $190,739 to $1,099,679; in Vancouver West, detached home prices increased $222,185 to $1,850,072. In comparison, detached home prices across the region increased $51,762 between November 2010 and February 2011 to $848,645.

“To effectively analyse real estate statistics for the purpose of buying or selling a home, it’s critical to focus on your neighbourhood of choice because, like we see today, conditions and prices can fluctuate significantly within the same city or municipality,” Moldowan said.

Looking across the region, the REBGV reports that residential property sales of detached, attached and Vancouver from Stanley Park - Vancouver-Real-Estateapartment properties in Greater Vancouver reached 3,097 on the MLS® in February 2011. This represents a 70.3 per cent increase compared to the 1,819 sales recorded in January 2011, an increase of 25.2 per cent compared to the 2,473 sales in February 2010 and a 109.3 per cent increase from the 1,480 home sales in February 2009.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,693 in February 2011. This represents a 23.6 per cent increase compared to February 2010 when 4,606 properties were listed, and an 18.6 per cent increase compared to January 2011 when 4,801 homes were added to the MLS® in Greater Vancouver.

“With a sizeable increase in the number of properties coming onto the market for sale, there’s a good selection out there for buyers to choose from,” Moldowan said.

At, 11,925, the total number of residential property listings on the MLS® increased 14.2 per cent in February compared to last month and increased 5 per cent from this time last year.

Sales of detached properties on the MLS® in February 2011 reached 1,402, an increase of 42.6 per cent from the 983 detached sales recorded in February 2010, and a 138.9 per cent increase from the 587 units sold in February 2009. The benchmark price for detached properties increased 6 per cent from February 2010 to $848,645.

Sales of apartment properties reached 1,206 in February 2011, a 12.3 per cent increase compared to the 1,074 sales in February 2010, and an increase of 85.5 per cent compared to the 650 sales in February 2009. The benchmark price of an apartment property increased 2.2 per cent from February 2010 to $399,397.

Attached property sales in February 2011 totalled 489, a 17.5 per cent increase compared to the 416 sales in February 2010, and a 101.2 per cent increase from the 243 attached properties sold in February 2009. The benchmark price of an attached unit increased 2.3 per cent between February 2010 and 2011 to $507,118.
Courtesy of the Real Estate Board of Greater Vancouver.  Please visit http://www.rebgv.org for more information.
For information on Vancouver real estate listings, please contact experienced Vancouver Realtor Jules Seaman.
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Tuesday, February 15, 2011

10 Steps to Buying Your Vancouver Home

False Creek - Vancouver-Real-EstateBuying a home is one of the most important decisions you’ll ever make. So it’s always best to get all the help you can get. Here are some steps to consider.

  1. Are you ready to buy?
    You should already have saved some of your down payment and you should be good at managing debt like credit cards or student loans. A mortgage is a financial responsibility that also requires constant upkeep.
  2. Decide how much you can afford
    Use this simple equation to consider what you can expect after you’ve saved for your down payment. The cost of buying a home = one time costs (down payment, legal fees, inspection fees and taxes) + monthly costs (mortgage, utilities, maintenance, insurance and property taxes).
  3. Decide what you want to buy
    First, decide where you want to live (urban, suburban, rural) and then decide which neighbourhood suits you best and what type of home (detached, attached or apartment) you want. Whether or not the property is new or resale may also affect your costs.
  4. Find the right REALTOR®
    There are many ways to find a REALTOR®: drive through neighbourhoods that interest you and jot down names, go to open houses, look at advertising, ask friends and family if they have worked with a REALTOR® they like. Interview two or three and pick the one you like best. 
  5. See what’s out there
    REALTORS® run an incredible search tool called the Multiple Listings Service® (MLS® for short) which contains information on property listings. Your REALTOR® can send you listings that fit your criteria and together, you can draw up a short list and visit a handful of homes to make an informed and wise decision.
  6. Sell your current home
  7. It’s the age-old question, do I sell my home before I buy, or do I buy my new home before I sell? It’s natural to want to buy your new home first so you have the security of knowing where you’ll be living. But there are advantages to selling first, buying later:

    • You’ll know how much your house is worth, so you can be surer of how much you can spend
    • There’s a chance you won’t have to make your offer subject to financing
    • You might be able to arrange a long closing to give you time to look
    • It could be a stressful situation, but it’s also stressful to own two homes!
  8. Add some specialists to your team
    A mortgage broker may be able to get you the best possible rates. A notary public or a lawyer will help you understand the many legal documents that come with buying your home. A home inspector can save you from unpleasant surprises when you move in.
  9. Make an offer
    REALTORS® are expertly trained and will prepare your offer for you. For some of the terms you’ll find in the documents, visit our Words You Need to Know: Real Estate Terms section for help. If you have any concerns or hesitations, ask your REALTOR® to explain.
  10. Arrange a mortgage
    There are hundreds of banks, credit unions and other lenders. How do you select which one is best for you? Now is not the time to be money-shy! Talk to your financial institution and call around to others. Ask friends, family and colleagues. REALTORS® are very knowledgeable about mortgages and have lots of good advice and they may be able to refer you to a mortgage broker. 
  11. Close the deal and move inJules Seaman - Vancouver-Realtor
    You offer has been accepted! Great news! Your REALTOR® and notary public or lawyer will do most of the closing work. But make sure to ask about any conditions of the agreement that require immediate action on your part. Before you know it, you’ll be handed the keys to your new home.
  12. Courtesy of the REal Estate Board of Greater Vancouver.  Please visit http://www.rebgv.org for more information.
  13. For information on Vancouver real estate listings, please contact experienced Vancouver Realtor Jules Seaman.
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Monday, February 7, 2011

January Vancouver Real Estate Statistics

Vancouver--Real-EstateThe Greater Vancouver housing market remained in balanced market conditions in January, although higher levels of buyer demand were seen in some of the region’s largest communities.

The number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) last month outpaced the 10-year average in both categories for January.

“There was a healthy balance between the number of home buyers and sellers in our market in January, but there’s always variation in activity from region to region,” said Jake Moldowan, president of the Real Estate Board of Greater Vancouver (REBGV). "We’re seeing strong sellers’ market conditions in areas like Richmond and the west side of Vancouver.”

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price of detached homes increased 22.6 per cent in Richmond and 12.2 per cent in Vancouver West. In comparison, detached home prices across the region increased 2.7 per cent over the same period.

“When you’re looking to buy or sell a home, it’s important to familiarize yourself with the wider trends in the market. It’s equally important to seek out knowledge of your local area so you understand current market conditions in your neighbourhood,” Moldowan said

Looking across the region, the REBGV reports that residential property sales in Greater Vancouver reached 1,819 on the MLS® in January 2011. This represents a 4.2 per cent decline compared to the 1,899 sales recorded in December 2010, a decrease of 5.4 per cent compared to the 1,923 sales in January 2010 and a 138.7 per cent increase from the 762 home sales in January 2009.

From a historical perspective, January’s 1,819 homes sales slightly surpassed the 1,790 home sale average recorded in the region over the last ten years.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,801 in January 2011. This represents a 6.7 per cent decrease compared to January 2010 when 5,147 properties were listed, and a 182 per cent increase compared to December 2010 when 1,699 homes were added to the MLS® in Greater Vancouver.

At 10,438, the total number of residential property listings on the MLS® increased 5.8 per cent in January compared to last month and increased 2.2 per cent from this time last year.

Sales of detached properties on the MLS® in January 2011 reached 793, an increase of 12.5 per cent from the 705 detached sales recorded in January 2010, and a 171.6 per cent increase from the 292 units sold in January 2009. The benchmark price for detached properties increased 2.7 per cent from January 2010 to $810,045.

Sales of apartment properties reached 713 in January 2011, a decline of 20.8 per cent compared to the 891 sales in January 2010, and an increase of 97.5 per cent compared to the 361 sales in JanuarJules Seaman - Vancouver-Realtory 2009.The benchmark price of an apartment property increased 1.4 per cent from January 2010 to $390,935.

Attached property sales in January 2011 totalled 313, a decline of 4.3 per cent compared to the 327 sales in January 2010, and a 187.2 per cent increase from the 109 attached properties sold in January 2009. The benchmark price of an attached unit increased 2.6 per cent between January 2010 and 2011 to $495,140.
For information on Vancouver real estate listings, please contact experienced Vancouver Realtor Jules Seaman.
Jules Seaman
421 Pacific St.
Vancouver, BC V6Z 2P5
604-780-4102 cell
604-685-5951 off
604-685-2807 fax
http://www.buyvancouverrealestate.com/
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