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Tuesday, February 7, 2012

Vancouver Real Estate Market Update Newsletter February 2012


 

Market Update

February 2012

The first month of 2012 is officially in the books. Hopefully your new year's resolutions are still in tact and the year is off to a great start!

The Vancouver real estate market has picked up significantly after a sleepy holiday season. Listing inventories are up 18-38% with the curious exception of Vancouver East detached homes, which sat flat. Sales are up 20-70% depending on the neighbourhood, which makes sense given the low sales numbers through December. Median pricing is all over the place compared to December, though some trends should develop next month.

The sub-categories that were in highest demand last month, determined by current absorption rates, were:

  • Entry-level condos (less than $300k) in Vancouver Westside
  • Mid-level condos & townhomes ($500-600k) in Vancouver East
  • Higher end condos ($700-800k) in North Vancouver
  • Entry-level condos ($300-400k) Downtown.
  • The entire sub-$1.2m detached market in North Vancouver
  • Entry-level detached houses ($700-900k) in Vancouver East
  • Mid-level detached houses ($1.4-2.0m) in Vancouver West

Look for further increases in listing inventory and more active sales next month. With low interest rates essentially guaranteed until 2014 and a healthy stable of eager buyers, it looks like we will have another busy Spring market this year. And, like 2011, it looks like the Spring market may start a little early this year.

Rob

Unique Homes Blog

Modern Kitchen and Bathroom Renovations

Here is a fantastic, contemporary kitchen and bathroom renovation from a household in Florida. It is streamlined, modern and designed to suit the homeowners needs and style. Compare the before and after photos - anything is possible in the world of home renovations! See more photos on my Unique Homes Blog >>

Read more >>

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Featured Listings

1316 West 7th Ave.

  • FOR SALE Offered at $694,000
  • 2 Bedrooms, 3 Bathrooms
  • 1,201 sq ft in 2 levels
  • Home with modern fixtures and a private garden patio
More Details See All Listings

2465 West 8th Ave.

  • SOLD! Offered at $1,299,000
  • 3 Bedrooms, 3 Bathrooms
  • 1570 sq ft
  • Kelly Deck designed townhome featured in House & Home Magazine
More Details See All Listings

420-8988 Hudson St.

  • SOLD! Offered at $325,000
  • 1 Bedroom, 1 Bathroom
  • 639 sq ft
  • Modern Fixtures in the concrete "Retro Lofts Building
More Details See All Listings
 
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Tuesday, February 7, 2012

Vancouver's First "Net Zero" Solar Powered Laneway House

Lanefab, a Vancouver company, has just completed work on the city's first "net zero" solar powered lane way house. Not only is it energy efficient but it looks great too. Visit their OPEN HOUSE Saturday February 11 and Sunday February 12 from 12-4pm to view the finished product at 2733 East 57th (by Vivian St).


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From Lanefab: The "net zero" house produces all of it's own power; producing extra electricity...

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Thursday, February 2, 2012

Vancouver West Attached Market Statistics

Take a look at this month's Vancouver West Attached Market Statistics


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Thursday, February 2, 2012

Vancouver West Detached Market Statistics

Take a look at this month's Vancouver West Detached Market Statistics


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Thursday, February 2, 2012

Vancouver East Detached Market Statistics

Take a look at this Month's Vancouver East Detached Market Statistics


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Thursday, February 2, 2012

Vancouver East Attached Market Statistics

Take a look at this month's Vancouver East Attached Market Statistics


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Thursday, February 2, 2012

North Vancouver Detached Market Statistics

Take a look at this month's North Vancouver Detached Market Statistics  


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Thursday, February 2, 2012

North Vancouver Attached Market Statistics

Take a look at this month's North Vancouver Attached Market Statistics


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Thursday, February 2, 2012

Vancouver Downtown Attached Market Statistics

Take a look at this month's Downtown Vancouver Attached Market Statistics


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Tuesday, January 31, 2012

Modern Kitchen and Bathroom Renovations

Here is a fantastic, contemporary kitchen and bathroom renovation from a household in Florida. It is streamlined, modern and designed to suit the homeowners needs and style. Compare the before and after photos - anything is possible in the world of home renovations!

BEFORE - Kitchen
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AFTER - Kitchen
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BEFORE - Bathroom
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AFTER - Bathroom

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Article can be found at The Contemporist.

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© Rob Zwick of RE/MAX® Crest Realty Westside 1428 West 7th Ave, Vancouver BC | Personal Real Estate Corporation | Site Map