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Since my last post, we made a few changes that may not be super conventional, but we don't care. In order to have enough storage room in the kitchen, we had to enclose the wall between the master bathroom and the kitchen, to accommodate a pantry. So by doing this, we moved the master bedroom entrance to just off the kitchen. Many people might think that this is a bit weird, but I really don't see the...

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Unique home via The Contemporist -

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Bruce Stafford Architects have designed the renovation of an existing house which was originally an 80′s style multi-tenancy building in Sydney, Australia. Only the external walls were retained to comply with the approved council envelope. A completely new look for the house was designed, both inside and out. Dramatic...

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Ok, we just finished off the plans with the architect, so now we're going to be focusing some of the finer details. Over the next couple of weeks, I'll be going over what we're planning to do with each area of the house, and how it fits into our master plan.

We are going to be doing our renovation in two phases. The first phase will consist of floors, kitchen, 2 bathrooms, and some framing modifications...

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Market Update

What's Going on with the market?

Well, it's official. The holiday season is upon us. I'm not sure about you, but activity around our office seemed to screech to a halt as soon as December hit. With festive plans filling social calendars all around, 'tis the season to be distracted! I would like to take this chance to wish all of you a very merry holiday season and hope that you find some time to kick back and enjoy a well deserved break.

Taking a look at the real estate stats this month, the predominant theme is one of falling inventory. All of the attached markets (Downtown, Westside & Eastside) and detached markets (Westside and Eastside) displayed lower active listings in November with most markets showing their 3rd or 4th consecutive month of decline. At any other time of the year this statistic might be alarming, but given the traditional winter slowdown much of the declining inventory was to be expected.

November showed slightly improved sales volumes, up 7.4% in Greater Vancouver, compared to October 2010. Sales volume did remain behind last year's at 18.6% lower than November 2009. Average house prices in Greater Vancouver, according to the Housing Price Index, are up 4.1% since November last year. Breaking it down further, detached homes on the both the Westside and Eastside showed growth this month, while all of the attached markets saw prices fall. This is primarily due to the lack of inventory and huge demand present in the detached market at the moment. I suspect that both the attached and detached markets will level off to end the year.

Overall, I think it is pretty safe to say that we are enjoying the longest stretch of balance the Vancouver market has seen in years. Homes that are priced well are selling and buyers have the opportunity to explore their options before purchasing. Let's hope it lasts a little while longer!

Happy holidays and make it a fabulous end to 2010,

Rob



Rob Zwick

Vancouver West - Attached Statistics

Vancouver West Attached Statistics

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Vancouver West - Detached Statistics

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Vancouver West - Detached Graph

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Vancouver East - Attached Statistics

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Vancouver East - Detached Statistics

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Vancouver - East Detached Graph

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Vancouver Downtown Statistics

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Vancouver Downtown Graph

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MODERN HOUSE - THE CROCKETT RESIDENCE FROM PB ELEMENTAL ARCHITECTURE

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Pb Elemental Architecture is one of my favorite Architecture firms, maybe it’s because they are in my home state but mostly their projects are just killer. Most of you have probably seen the Crockett Residence. It is one of my favorites due to it being the size and type of home I would need. Kudos to the interior designers/owners they did a great job on the inside. More after the jump.

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The house Manyee Lui is showing today is listed at $2.2 million. Although the lot is only 33 feet wide and the house is nothing more than a blandly handsome two-storey, Lui expects it to sell quickly, even though the market’s turned a little tepid. With 2,900 square feet, the place is big enough for four bedrooms and an additional self-contained suite. All things considered, she says, “It’s not so ...

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