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Greater Vancouver Real Estate Activity Sept 2020

Sat, 03 Oct 2020 22:45:42 GMT

METRO VANCOUVER HOME SALES & LISTINGS SURGE IN SEPTEMBER!!!
Source: REBGV Oct 2020

Home sale and new listing activity reached record levels in Metro Vancouver in September.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled
3,643 in SEPTEMBER 2020,
a 56.2 % ⬆️⬆️ from the
2,333 sales recorded in September 2019,
and
a 19.6 % ⬆️⬆️ from the
3,047 homes sold in AUGUST 2020.

The total # of currently listed for sale on the MLS® system in Metro Vancouver is 13,096, a 2.6% decrease compared to September 2019 (13,439) and a 2.3% increase compared to August 2020 (12,803).

"While the pace of new MLS® listings entering the market is increasing, the heightened demand from home buyers is keeping overall supply levels down," Gerber said. "This is creating upward pressure ⬆️on home price$, which have been edging since the spring."

For all property types, the sales-to-active listings ratio for SEPTEMBER 2020 is 27.8%. By property type, the ratio is
28.3% for detached homes,
36.1% for townhomes, and
24.8% for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12% for a sustained period, while HOME PRICES often experience upward pressure ⬆️⬆️when it surpasses 2️⃣0️⃣% over several months.

Market Update for Year-End 2012

Fri, 11 Jan 2013 08:53:00 GMT

Market Update for November 2012

Fri, 14 Dec 2012 01:59:00 GMT

Market Update for October 2012

Thu, 01 Nov 2012 04:45:00 GMT

MC2 in Vancouver

Sun, 14 Oct 2012 19:37:00 GMT

MC2 Marine and Cambie Vancouver Condo Details -Click Here

Market Update for August 2012

Wed, 12 Sep 2012 18:36:00 GMT

"You can't burst a bubble that wasn't there" - THE PROVINCE

Tue, 11 Sep 2012 01:00:00 GMT

Article from THE PROVINCE newspaper:

http://www.theprovince.com/business/burst+bubble+that+wasn+there/7213590/story.html

Parc Riviera in Richmond

Fri, 22 Jun 2012 18:41:00 GMT

Location: On River Drive, between 4 Rd & Shell

This is what we like:

Easy access to Bridgeport skytrain station
4,000 feet of riverfront dyke trail for walking & biking
North Shore riverfront views
5 acres of park & natural oasis
On-site 5,500sf daycare
Geothermal heating & cooling
Spacious 9' ceilings
Quartz countertops
Extensive clubhouse, lap pool, hot tub, fitness centre
Restaurant & retail shops, kid's playgrounds & family picnic areas

Please call to inquire about this new development.

SOLO District in N. Burnaby

Fri, 22 Jun 2012 08:10:00 GMT

Please call to inquire about this new development.

Cambie+7 in Vancouver

Fri, 22 Jun 2012 08:07:00 GMT

Please call to inquire about this new development.

Live@WEST in Vancouver

Fri, 22 Jun 2012 07:38:00 GMT

Location: On W.2nd Ave, between Columbia & Manitoba

With over 100 homes from $268,900 to $459,900, Daycare facility and full city block of street level shops and restaurants, interest in WEST has been overwhelming and definitely a reflection that today's buyer appreciates the exceptional value and the convenience of having every amenity at their doorstep.

Exceptional Opportunity

1 Bedroom - City Collection 478 Sq.ft. from $268,900

1 Bedroom - Tower Collection 597 Sq.ft. from $349,900

1 Bedroom + Den 721 Sq.ft. from $389,900

2 Bedroom 747 Sq.ft. from $449,900

2 Bedroom + Den 1045 Sq.ft. from $579,900

This is what we like:

Great location at The Village on False Creek
Steps to bicycle seawall route & Creekside Community Centre
Easy access to transit & Olympic skytrain station
43,000sf of street level shops, restaurants, banking & retail services
Architecture by Walter Francl Architects with stunning lobby & dramatic lighting
Uniformed lobby attendant, insuite TV-monitored entry system
Floor to ceiling windows, flat profile baseboard heating, & high efficiency toilets
Extensive green roof & landscaped amenity spaces & a car share program