Property Alerts + November Stats NEW PRICE:2103-555 Delestre Avenue, CoquitlamNOW LISTED AT: $799,000 (BELOW BC ASSESSMENT VALUE!) 2 Bedrooms + Office (easily converted to 3rd Bedroom), 2 Bathrooms, 1,328 SqFt +505 SqFt of Patio Space (Two Patios) The Cora Towers, Built in 2008 This home is an amazing value, and not to be missed! One of only four penthouses in the higher of the two Cora Towers, this home is elegant, well laid-out, spacious and bright, and with both West sunset and North mountain views. It has been nicely upgraded, and is perfect for a family that loves to entertain. The two patios follow the entire outside length of this corner home and provide patio access from each room. Rentals and pets are allowed, and the home comes with two large parking stalls. To view the floor plan, please see here: FLOOR PLAN. Join me for the Open House from 4 to 6 pm on Saturday/Sunday, November 10/11. What Is Happening with the Market?There were 1,995 homes sold of all types in Greater Vancouver in October this year compared with 3,073 sales in October last year and 2,284 homes sold in October 2016. This was 27 per cent below the 10 year average for October and almost the same level as October 2012 at 1,979. In fact, when we look at 2012, so far, each month has tracked very similar for sales levels. With the main difference being the inventory levels (much lower than in 2012). While prices on the detached side of the market have been falling over the last year, we are now seeing this occur in the apartment and townhouse market in some areas and product types. There were 642 Detached Houses sold in October 2018 down from 945 (down 38 per cent) in October 2017 in Greater Vancouver, and down from 659 in October 2016. For townhouses there were 344 sales in October 2018, compared to 550 in October 2017 (down 37 per cent), and down from 403 in October 2016. For condos, there were 985 sales in October 2018, a decrease in sales from 1,532 in October 2017 (down 36 per cent) and compared to 1,178 in September 2016. Overall there has been an increase in market activity for October compared to September, which is common. However, the bigger increase in homes sold has been in Vancouver, North Vancouver and West Vancouver, and areas like Burnaby, New Westminster and the Tri-Cities less so. The average prices in those areas also dropped while Vancouver West saw a gain. “The supply of homes for sale today is beginning to return to levels that we haven’t seen in our market in about four years,” Phil Moore, Real Estate Board of Greater Vancouver president said. “For home buyers, this means you have more selection to choose from. For sellers, it means your home may face more competition, from other listings, in the marketplace. Home prices have edged down between three and fiver per cent, depending on housing type, in our region since June. This is providing a little relief for those looking to buy compared to the all-time highs we’ve experienced over the last year. Would you like to see the numbers for your area? Feel free to let me know, and I will send you the snapshot.
|