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I have sold a property at 1007 289 ALEXANDER ST in Vancouver
I have sold a property at 1007 289 ALEXANDER ST in Vancouver.
TOP FLOOR, East facing work/live loft @ the Edge. This concrete and brick home features concrete floors, soaring 16-18' ceilings and boasts expansive VIEWS of the North Shore mountains, Burrard Inlet WATER views, Port of Vancouver & city. Features include 2 bathrooms with the powder room on the main level and a full ensuite bath above. Other features include gas stove, gas fireplace and a spacious balcony. The building features a 7000 sq.ft. amenity area that includes a woodworking shop, a metal shop, band/music room, a gym, pottery studio and so much more. This is a great opportunity to re-create this modern space in a highly sought after building in Vancouver's most eclectic, historical neighbourhood. Pets and rentals are welcome. Call today for your private viewing.
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New property listed in South Marine, Vancouver East
I have listed a new property at 808 3438 SAWMILL CRES in Vancouver.
Functional West facing 1 bedroom + flex, 1 bath home at MODE in River District Vancouver. Invite your friends over for luxurious amenities in your building, including a screening room, indoor/outdoor entertaining lounge with chef's kitchen, hot tub, gym, yoga studio, work hub, and 2 guest suites. Your home will be equipped with the finest appliances; gas range, wall oven & built-in microwave, fully integrated fridge & dishwasher, and quartz countertop and backsplash with a high efficiency heating and cooling system, and walk-in closet with built-in shelving included. You are only steps away from Town Centre retail shops. Sales Centre open daily 11am-4pm. Move in Late Summer 2022.
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Rob's Real Estate Board December 2020 Stats for Vancouver

The December 2020 Market stats are out and available for download. You get the following graphs and charts for both Vancouver East and Vancouver West.

  • Activity Snapshot by PropertyType
  • Detached Properties Report and Graph
  • Condo Report and Graph
  • Townhomes Report and Graph
  • Benchmark Price Graph
  • Average Price Per Square Foot

If you are interested in a report like this is for other areas, please contact me to request it and I'll send it to you.

DOWNLOAD BURNABY NORTH STATS

DOWNLOAD BURNABY SOUTH STATS

DOWNLOAD COQUITLAM STATS

DOWNLOAD LADNER STATS

DOWNLOAD NEW WESTMINSTER STATS

DOWNLOAD NORTH VANCOUVER STATS

DOWNLOAD RICHMOND STATS

DOWNLOAD WEST VANCOUVER STATS

DOWNLOAD TSAWWASSEN STATS

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New property listed in Strathcona, Vancouver East
I have listed a new property at 1007 289 ALEXANDER ST in Vancouver.
TOP FLOOR, East facing work/live loft @ the Edge. This concrete and brick home features concrete floors, soaring 16-18' ceilings and boasts expansive VIEWS of the North Shore mountains, Burrard Inlet WATER views, Port of Vancouver & city. Features include 2 bathrooms with the powder room on the main level and a full ensuite bath above. Other features include gas stove, gas fireplace and a spacious balcony. The building features a 7000 sq.ft. amenity area that includes a woodworking shop, a metal shop, band/music room, a gym, pottery studio and so much more. This is a great opportunity to re-create this modern space in a highly sought after building in Vancouver's most eclectic, historical neighbourhood. Pets and rentals are welcome. Call today for your private viewing.
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Metro Vancouver housing market shows resilience in 2020

Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, and a 25.7 per cent increase from the 24,619 homes sold in 2018.

Last year’s sales total was 2.8 per cent below the 10-year sales average.

“When the pandemic began in March, the housing market came to a near standstill. We knew, however, that shelter needs don’t go away in times of crisis, they intensify," Colette Gerber, REBGV Chair said. “The real estate community worked closely with our regulatory bodies and public health officials in the spring to ensure appropriate precautions and protocols were implemented so BC REALTORS® could help residents safely meet their housing needs."

Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 54,305 in 2020. This is a 4.6 per cent increase compared to the 51,918 homes listed in 2019 and a 1.3 per cent increase compared to the 53,614 homes listed in 2018.

Last year’s listings total was 2.7 per cent below the region’s 10-year average.

“After adapting to the COVID-19 environment, local home buyer demand and seller supply returned at a steady pace throughout the summer, fall and winter seasons," Gerber said. "Shifting housing needs and low interest rates were key drivers of this activity in 2020. Looking ahead, the supply of homes for sale will be a critical factor in determining home price trends in 2021.”

The MLS® HPI composite benchmark price for all residential properties in Metro Vancouver ends the year at $1,047,400. This is a 5.4 per cent increase compared to December 2019.

The benchmark price for apartments increased 2.6 per cent in the region last year. Townhomes increased 4.9 per cent and detached homes increased 10.2 per cent.

December Summary

REBGV reports that residential home sales in the region totalled 3,093 in December 2020, a 53.4 per cent increase from the 2,016 sales recorded in December 2019, and a 0.9 per cent increase from the 3,064 homes sold in November 2020.

Last month’s sales were 57.7 per cent above the 10-year December sales average and is the highest total for the month on record.

“Robust December sales outpaced long-term averages in what’s traditionally the quietest month of the year in real estate. This was part of an unusual seasonal pattern the market followed last year, which can be attributed in large part to the pandemic,” Gerber says.

There were 2,409 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in December 2020. This represents a 51.7 per cent increase compared to the 1,588 homes listed in December 2019 and a 40.8 per cent decrease compared to November 2020 when 4,068 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,538, a 0.8 per cent decrease compared to December 2019 (8,603) and a 23.2 per cent decrease compared to November 2020 (11,118).

For all property types, the sales-to-active listings ratio for December 2020 is 36.2 per cent. By property type, the ratio is 35.2 per cent for detached homes, 50.4 per cent for townhomes, and 33.1 per cent for apartments.

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

Sales of detached homes in December 2020 reached 1,026, a 71.3 per cent increase from the 599 detached sales recorded in December 2019. The benchmark price for detached homes is $1,554,600. This represents a 10.2 per cent increase from December 2019 and a one per cent increase compared to November 2020.

Sales of apartment homes reached 1,474 in December 2020, a 40 per cent increase compared to the 1,053 sales in December 2019. The benchmark price of an apartment property is $676,500. This represents a 2.6 per cent increase from December 2019 and is unchanged from November 2020.

Attached home sales in December 2020 totalled 593, a 62.9 per cent increase compared to the 364 sales in December 2019. The benchmark price of an attached home is $813,900. This represents a 4.9 per cent increase from December 2019 and a 0.1 per cent decrease compared to November 2020.

REBGV Stats Graph December 2020

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.