Strathcona

Location

Strathcona is located on the north side of Great Northern Way and stretched from Main Street to Clark Drive.

Parks

Strathcona has six parks including: Trillium Park, Strathcona Park, Strathcona Linear Park, Mclean Park, Oppenheimer Park, & Thorton Park,

Strathcona Residential Market Stats

To View all Detached homes currently for sale click HERE

To View all Attached homes currently for sale click HERE

South Marine

Location

South Marine is located on the south side of S.E Marine Drive to the Fraser river and stretches from Ontario Street all the way to Boundary Road. South Marine is home to Vancouver’s newest water view condominiums.

Parks

South Marine has two parks including Gladstone Riverside Park, Riverfront Park & Adcy Beach.

South Marine Residential Market Stats

To View all detached homes currently for sale click HERE

To View all attached homes currently for sale click HERE

 

Go West young man, Go West

Vancouver has two main areas. Vancouver East & Vancouver West. In December 2018 the average detached home in Vancouver West sold for $3,306,055 whereas the Average home in Vancouver East sold for $1,480,383 That’s $1,825,672 more for a home on the Westside! However, we are not comparing apples with apples. The other factor you must account for is the size of the lot the home is on.

As of December 2018 there were 494 detached homes listed with an average size lot of 4,270 sq foot, and of the homes that sold, it worked out to $346.63 per sq foot. Of the 549 homes listed on the Westside, the average sized lot was 7,808 sq feet and of the homes that sold, worked out to $423.39 sq foot.

This means for $76.76 per sq foot more.. you would get (on average) a lot that is 3,538 sq feet more. A larger lot generally means a larger home as well.

If you’ve always wanted to live on the Westside, now may be the single best time to do that. For a complimentary, no obligation market evaluation on your home.. give me a shout at 778.879.8366 or send me an email with your name and address to tom@tomikonomou.com

Greater Vancouver Real Estate Boards Real Estate Statistics October 2018

The Greater Vancouver Real Estate Association has released the latest Statistics for October 2018. Click on the image below to enlarge or PDF documents included in the links below.

Oct 2018 Market Statatistics Greater Vancouver.jpg

 

October 2018 Metro Vancouver Highlights

Oct 2018 Market Statatistics Greater Vancouver

Posted by Craig Munn

The Metro Vancouver* housing market saw fewer home buyers and more home sellers in April.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4 per cent decrease from the 3,553 sales recorded in April 2017, and a 2.5 per cent increase compared to March 2018 when 2,517 homes sold.

Last month’s sales were 22.5 per cent below the 10-year April sales average.

“Market conditions are changing. Home sales declined in our region last month to a 17-year April low and home sellers have become more active than we’ve seen in the past three years,” Phil Moore, REBGV president said. “The mortgage requirements that the federal government implemented this year have, among other factors, diminished home buyers’ purchasing power and they’re being felt on the buyer side today.”

There were 5,820 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2018. This represents an 18.6 per cent increase compared to the 4,907 homes listed in April 2017 and a 30.8 per cent increase compared to March 2018 when 4,450 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,822, a 25.7 per cent increase compared to April 2017 (7,813) and a 17.2 per cent increase compared to March 2018 (8,380).

“Home buyers have more breathing room this spring. They have more selection to choose from and less demand to compete against,” Moore said.

For all property types, the sales-to-active listings ratio for April 2018 is 26.3 per cent. By property type, the ratio is 14.1 per cent for detached homes, 36.1 per cent for townhomes, and 46.7 per cent for condominiums.

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.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,092,000. This represents a 14.3 per cent increase over April 2017 and a 0.7 per cent increase compared to March 2018.

Sales of detached properties in April 2018 reached 807, a 33.4 per cent decrease from the 1,211 detached sales recorded in April 2017. The benchmark price for detached properties is $1,605,800. This represents a 5.1 per cent increase from April 2017 and a 0.2 per cent decrease compared to March 2018.

Sales of apartment properties reached 1,308 in April 2018, a 24 per cent decrease from the 1,722 sales in April 2017. The benchmark price of an apartment property is $701,000. This represents a 23.7 per cent increase from April 2017 and a 1.1 per cent increase compared to March 2018.

Attached property sales in April 2018 totalled 464, a 25.2 per cent decrease compared to the 620 sales in April 2017. The benchmark price of an attached unit is $854,200. This represents a 17.7 per cent increase from April 2017 and a 2.3 per cent increase compared to March 2018.

Click here to download the full stats package

*Editor’s Note: Areas covered by the Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, Pitt Meadows, Maple Ridge, and South Delta.