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September 05, 2018


Info-August-2018-portal

 

Home buyer demand stays below historical averages in August


The Metro Vancouver1 housing market continues to experience reduced demand across all housing types.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales recorded in August 2017, and a 6.8 per cent decline compared to July 2018 when 2,070 homes sold.

Last month’s sales were 25.2 per cent below the 10-year August sales average.
“Home buyers have been less active in recent months and we’re beginning to see prices edge down for all housing types as a result,” Phil Moore, REBGV president said. “Buyers today have more listings to choose from and face less competition than we’ve seen in our market in recent years.”

There were 3,881 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2018. This represents an 8.6 per cent decrease compared to the 4,245 homes listed in August 2017 and an 18.6 per cent decrease compared to July 2018 when 4,770 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,824, a 34.3 per cent increase compared to August 2017 (8,807) and a 2.6 per cent decrease compared to July 2018 (12,137).

The sales-to-active listings ratio for August 2018 is 16.3 per cent. By housing type, the ratio is 9.2 per cent for detached homes, 19.4 per cent for townhomes, and 26.6 per cent for apartments.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“With fewer buyers active in the market, benchmark prices across all three housing categories have declined for two consecutive months across the region,” Moore said.
The MLS® Home Price Index2 composite benchmark price for all residential properties in Metro Vancouver is currently $1,083,400. This represents a 4.1 per cent increase over August 2017 and a 1.9 per cent decrease since May 2018.

Sales of detached properties in August 2018 reached 567, a 37.1 per cent decrease from the 901 detached sales recorded in August 2017. The benchmark price for detached properties is $1,561,000. This represents a 3.1 per cent decrease from August 2017 and a 2.8 per cent decrease since May 2018.

Sales of apartment properties reached 1,025 in August 2018, 36.5 per cent decrease compared to the 1,613 sales in August 2017. The benchmark price of an apartment property is $695,500. This represents a 10.3 per cent increase from August 2017 and a 1.6 per cent decrease since May 2018.

Attached property sales in August 2018 totalled 337, a 36.3 per cent decrease compared to the 529 sales in August 2017. The benchmark price of an attached unit is $846,100. This represents a 7.9 per cent increase from August 2017 and a 0.8 per cent decrease since May 2018.    
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Open House. Open House on Sunday, September 23, 2018 1:30PM - 3:00PM

Please visit my Open House at 403 2141 HASTINGS ST E in Vancouver.
Open House on Sunday, September 23, 2018 1:30PM - 3:00PM

Welcome to OXFORD on Hastings, your opportunity to be a part of one of Vancouver’s hottest, fastest growing neighbourhoods - The East Village. You are steps from some of the city’s best dining, entertainment and recreation locations and just a short distance from Commercial Drive, Chinatown and the Downtown core. Local shops and services, including Tacofino, Campagnolo Roma, Parallel 49 Brewery, Bosa Foods and Donald’s Market are just some of the amenities and destinations available to you in the village. Schools, Community Centres and great transportation options round out this community’s profile.

You’ll fall in love with this modern, open concept 2 bedroom + Flex, 2 bathroom Penthouse level suite featuring over- height ceilings, a gourmet kitchen, in-suite laundry, integrated Fisher-Paykel and Blomberg appliances, modern high-gloss cabinetry with quartz countertops and a private Master suite with walk-in closet. An energy efficient A/C system for year around in-suite comfort was a developer upgrade and the homeowners have installed custom built-ins and closet organizers to keep you on top of your awesome game.

A large balcony accessed off the Living Room and Master Bedroom is perfect for enjoying your morning coffee or a BBQ with friends after work while taking in the views of Downtown Vancouver and Strathcona to the southwest.                            

You will feel at home in this fabulous boutique residence with friendly, welcoming neighbours.

Read

Open House. Open House on Saturday, September 22, 2018 2:00PM - 4:00PM

Please visit my Open House at 403 2141 HASTINGS ST E in Vancouver.
Open House on Saturday, September 22, 2018 2:00PM - 4:00PM

Welcome to OXFORD on Hastings, your opportunity to be a part of one of Vancouver’s hottest, fastest growing neighbourhoods - The East Village. You are steps from some of the city’s best dining, entertainment and recreation locations and just a short distance from Commercial Drive, Chinatown and the Downtown core. Local shops and services, including Tacofino, Campagnolo Roma, Parallel 49 Brewery, Bosa Foods and Donald’s Market are just some of the amenities and destinations available to you in the village. Schools, Community Centres and great transportation options round out this community’s profile.

You’ll fall in love with this modern, open concept 2 bedroom + Flex, 2 bathroom Penthouse level suite featuring over- height ceilings, a gourmet kitchen, in-suite laundry, integrated Fisher-Paykel and Blomberg appliances, modern high-gloss cabinetry with quartz countertops and a private Master suite with walk-in closet. An energy efficient A/C system for year around in-suite comfort was a developer upgrade and the homeowners have installed custom built-ins and closet organizers to keep you on top of your awesome game.

A large balcony accessed off the Living Room and Master Bedroom is perfect for enjoying your morning coffee or a BBQ with friends after work while taking in the views of Downtown Vancouver and Strathcona to the southwest.                            

You will feel at home in this fabulous boutique residence with friendly, welcoming neighbours.

Read

Open House. Open House on Thursday, September 13, 2018 5:30PM - 7:30PM

Please visit my Open House at 403 2141 HASTINGS ST E in Vancouver.
Open House on Thursday, September 13, 2018 5:30PM - 7:30PM

Welcome to OXFORD on Hastings, your opportunity to be a part of one of Vancouver’s hottest, fastest growing neighbourhoods - The East Village. You are steps from some of the city’s best dining, entertainment and recreation locations and just a short distance from Commercial Drive, Chinatown and the Downtown core. Local shops and services, including Tacofino, Campagnolo Roma, Parallel 49 Brewery, Bosa Foods and Donald’s Market are just some of the amenities and destinations available to you in the village. Schools, Community Centres and great transportation options round out this community’s profile.

You’ll fall in love with this modern, open concept 2 bedroom + Flex, 2 bathroom Penthouse level suite featuring over- height ceilings, a gourmet kitchen, in-suite laundry, integrated Fisher-Paykel and Blomberg appliances, modern high-gloss cabinetry with quartz countertops and a private Master suite with walk-in closet. An energy efficient A/C system for year around in-suite comfort was a developer upgrade and the homeowners have installed custom built-ins and closet organizers to keep you on top of your awesome game.

A large balcony accessed off the Living Room and Master Bedroom is perfect for enjoying your morning coffee or a BBQ with friends after work while taking in the views of Downtown Vancouver and Strathcona to the southwest.                            

You will feel at home in this fabulous boutique residence with friendly, welcoming neighbours.

Read

Open House. Open House on Saturday, September 15, 2018 2:30PM - 4:30PM

Please visit my Open House at 403 2141 HASTINGS ST E in Vancouver.
Open House on Saturday, September 15, 2018 2:30PM - 4:30PM

Welcome to OXFORD on Hastings, your opportunity to be a part of one of Vancouver’s hottest, fastest growing neighbourhoods - The East Village. You are steps from some of the city’s best dining, entertainment and recreation locations and just a short distance from Commercial Drive, Chinatown and the Downtown core. Local shops and services, including Tacofino, Campagnolo Roma, Parallel 49 Brewery, Bosa Foods and Donald’s Market are just some of the amenities and destinations available to you in the village. Schools, Community Centres and great transportation options round out this community’s profile.

You’ll fall in love with this modern, open concept 2 bedroom + Flex, 2 bathroom Penthouse level suite featuring over- height ceilings, a gourmet kitchen, in-suite laundry, integrated Fisher-Paykel and Blomberg appliances, modern high-gloss cabinetry with quartz countertops and a private Master suite with walk-in closet. An energy efficient A/C system for year around in-suite comfort was a developer upgrade and the homeowners have installed custom built-ins and closet organizers to keep you on top of your awesome game.

A large balcony accessed off the Living Room and Master Bedroom is perfect for enjoying your morning coffee or a BBQ with friends after work while taking in the views of Downtown Vancouver and Strathcona to the southwest.                            

You will feel at home in this fabulous boutique residence with friendly, welcoming neighbours.

Read

Open House. Open House on Sunday, September 16, 2018 2:30PM - 4:30PM

Please visit my Open House at 403 2141 HASTINGS ST E in Vancouver.
Open House on Sunday, September 16, 2018 2:30PM - 4:30PM

Welcome to OXFORD on Hastings, your opportunity to be a part of one of Vancouver’s hottest, fastest growing neighbourhoods - The East Village. You are steps from some of the city’s best dining, entertainment and recreation locations and just a short distance from Commercial Drive, Chinatown and the Downtown core. Local shops and services, including Tacofino, Campagnolo Roma, Parallel 49 Brewery, Bosa Foods and Donald’s Market are just some of the amenities and destinations available to you in the village. Schools, Community Centres and great transportation options round out this community’s profile.

You’ll fall in love with this modern, open concept 2 bedroom + Flex, 2 bathroom Penthouse level suite featuring over- height ceilings, a gourmet kitchen, in-suite laundry, integrated Fisher-Paykel and Blomberg appliances, modern high-gloss cabinetry with quartz countertops and a private Master suite with walk-in closet. An energy efficient A/C system for year around in-suite comfort was a developer upgrade and the homeowners have installed custom built-ins and closet organizers to keep you on top of your awesome game.

A large balcony accessed off the Living Room and Master Bedroom is perfect for enjoying your morning coffee or a BBQ with friends after work while taking in the views of Downtown Vancouver and Strathcona to the southwest.                            

You will feel at home in this fabulous boutique residence with friendly, welcoming neighbours.

Read

New property listed in Hastings, Vancouver East
I have listed a new property at 403 2141 HASTINGS ST E in Vancouver.

Welcome to OXFORD on Hastings, your opportunity to be a part of one of Vancouver’s hottest, fastest growing neighbourhoods - The East Village. You are steps from some of the city’s best dining, entertainment and recreation locations and just a short distance from Commercial Drive, Chinatown and the Downtown core. Local shops and services, including Tacofino, Campagnolo Roma, Parallel 49 Brewery, Bosa Foods and Donald’s Market are just some of the amenities and destinations available to you in the village. Schools, Community Centres and great transportation options round out this community’s profile.

You’ll fall in love with this modern, open concept 2 bedroom + Flex, 2 bathroom Penthouse level suite featuring over- height ceilings, a gourmet kitchen, in-suite laundry, integrated Fisher-Paykel and Blomberg appliances, modern high-gloss cabinetry with quartz countertops and a private Master suite with walk-in closet. An energy efficient A/C system for year around in-suite comfort was a developer upgrade and the homeowners have installed custom built-ins and closet organizers to keep you on top of your awesome game.

A large balcony accessed off the Living Room and Master Bedroom is perfect for enjoying your morning coffee or a BBQ with friends after work while taking in the views of Downtown Vancouver and Strathcona to the southwest.                            

You will feel at home in this fabulous boutique residence with friendly, welcoming neighbours.

Read

Open House. Open House on Saturday, September 8, 2018 1:00PM - 4:00PM

Please visit my Open House at 403 2141 HASTINGS ST E in Vancouver.
Open House on Saturday, September 8, 2018 1:00PM - 4:00PM

Welcome to OXFORD on Hastings, your opportunity to be a part of one of Vancouver’s hottest, fastest growing neighbourhoods - The East Village. You are steps from some of the city’s best dining, entertainment and recreation locations and just a short distance from Commercial Drive, Chinatown and the Downtown core. Local shops and services, including Tacofino, Campagnolo Roma, Parallel 49 Brewery, Bosa Foods and Donald’s Market are just some of the amenities and destinations available to you in the village. Schools, Community Centres and great transportation options round out this community’s profile.

You’ll fall in love with this modern, open concept 2 bedroom + Flex, 2 bathroom Penthouse level suite featuring over- height ceilings, a gourmet kitchen, in-suite laundry, integrated Fisher-Paykel and Blomberg appliances, modern high-gloss cabinetry with quartz countertops and a private Master suite with walk-in closet. An energy efficient A/C system for year around in-suite comfort was a developer upgrade and the homeowners have installed custom built-ins and closet organizers to keep you on top of your awesome game.

A large balcony accessed off the Living Room and Master Bedroom is perfect for enjoying your morning coffee or a BBQ with friends after work while taking in the views of Downtown Vancouver and Strathcona to the southwest.                            

You will feel at home in this fabulous boutique residence with friendly, welcoming neighbours.

Read

Open House. Open House on Sunday, September 9, 2018 1:00PM - 4:00PM

Please visit my Open House at 403 2141 HASTINGS ST E in Vancouver.
Open House on Sunday, September 9, 2018 1:00PM - 4:00PM

Welcome to OXFORD on Hastings, your opportunity to be a part of one of Vancouver’s hottest, fastest growing neighbourhoods - The East Village. You are steps from some of the city’s best dining, entertainment and recreation locations and just a short distance from Commercial Drive, Chinatown and the Downtown core. Local shops and services, including Tacofino, Campagnolo Roma, Parallel 49 Brewery, Bosa Foods and Donald’s Market are just some of the amenities and destinations available to you in the village. Schools, Community Centres and great transportation options round out this community’s profile.

You’ll fall in love with this modern, open concept 2 bedroom + Flex, 2 bathroom Penthouse level suite featuring over- height ceilings, a gourmet kitchen, in-suite laundry, integrated Fisher-Paykel and Blomberg appliances, modern high-gloss cabinetry with quartz countertops and a private Master suite with walk-in closet. An energy efficient A/C system for year around in-suite comfort was a developer upgrade and the homeowners have installed custom built-ins and closet organizers to keep you on top of your awesome game.

A large balcony accessed off the Living Room and Master Bedroom is perfect for enjoying your morning coffee or a BBQ with friends after work while taking in the views of Downtown Vancouver and Strathcona to the southwest.                            

You will feel at home in this fabulous boutique residence with friendly, welcoming neighbours.

Read
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