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Designed by Kenneth Hobgood Architects, the GK House sits on 1.5 acres that slopes from east to west. This house was built after the original house that burned to the ground. The house makes great use of different materials: glass in the common space, bringing the greenery from outside in; and wood and brick accenting the house adding warmth and privacy to the bedrooms. The wood soffits are a nice touch...

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ROB ZWICK Monthly Market Update

 

Market Update

August 2012

With the long weekend behind us, we are officially in the dog days of summer! People are taking this opportunity to enjoy the slower pace in life, and in real estate. It's always difficult to really understand the market this time of year, since the summer is typically slower then the rest of the year. In a nutshell, this is what the numbers are telling us..

- Listings, Average Sales Prices and Price/Sqft in most areas are down, though not by much (between 1.7 and 5.4%)
- Days on Market has increased over last month, anywhere from 4 to 12 days longer
- The Detached Market in East Vancouver has seen a rise in listings and stable sales, leading to a much more balanced market
- Average Sale Price in North Vancouver has risen between 3.7 and 10.4% (for both detached and attached), yet Sales are down

With all of this said, it's my opinion that these numbers don't tell the entire story. The high-end market is soft, but if you have something special, the buyers are out there. If you're looking for a 2 bed and den townhome, or an affordable, well maintained home west of Victoria Drive, there just isn't a lot of good inventory out there right now. If you're looking for a 1 bed and den on the Westside or Downtown, there are deals to be had. What I'm trying to say is that you can't paint the entire market with the same brush, and to make a sweeping statement about the whole market is tough.

Sellers take note: there are a lot of Buyers out there, they are just embracing the opportunity to take their time in finding their perfect property, so either sit back and wait, or price your property competitively.

Buyers: Take advantage if you can and don't think that every seller out there is motivated to sell, because they aren't.

There should be lots of action in September, both with listings and sales, so we’ll see what the Fall brings us. For now, keep your eyes on the inventory (& the quality of that inventory), and go out & enjoy the sun!

Rob

Unique Homes Blog

ZERO ENERGY HOME IN WHISTLER

Check out this Zero Energy Home in Whistler! Built to Green Platinum standards, the house includes 600 sqft of solar panels, insulated wall panels, fibre cement siding (for moisture control), spray foam insulation and lots of reclaimed materials. No details were overlooked, both inside and outside this house, so check out the post on my Unique Homes Blog >>

Read more >>

CREATE CUSTOM SEARCH

Featured Listings

204-1845 West 7th

  • FOR SALE!! Offered at $499,900
  • 2 Bedrooms, 2 Bathrooms
  • 1,045 sq ft
  • Bright, South Facing unit
  • In suite laundry, parking & storage
More Details See All Listings

3987 West 21st

  • FOR SALE! Offered at $3,998,000
  • 5 Bedrooms, 5 Bathrooms
  • 3,492 sq ft Total
  • Rooftop Deck, Backyard
  • LEED Platinum Certified Smart Home
More Details See All Listings

2519 WEST 6th

  • SOLD! Offered at $879,000
  • 2 Bedrooms, 3 Bathrooms
  • 1,299 sq ft, 2 levels
  • One of Four Units in a Townhome Complex
  • Private Back Yard
More Details See All Listings
 
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Take a look at the latest Market Statistics for Detached Homes in Vancouver West:   


VVW_Detached_Vancouver_Real_Estate_Market Statistics_July_2012_Rob_Zwick.jpg
VVW_Detached_Vancouver_Real_Estate_Market_Statistics_Graphs_July_2012_Rob_Zwick.jpg

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Take a look at the latest Market Statistics for Detached Homes in Vancouver East:   

VVE_Detached_Vancouver_Real_Estate_Market Statistics_July_2012_Rob_Zwick.jpg


VVE_Detached_Vancouver_Real_Estate_Market_Statistics_Graphs_July_2012_Rob_Zwick.jpg

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Check out this Zero Energy Home in Whistler:


Greenhome_Unique_Homes_Rob_Zwick_Vancouver_Real_Estate.jpg

Designed to LEED Platinum Standards, this 2200 sq ft, three level house was built by Whistler's RDC Fine Homes. As you can see in the picture, six hundred square feet of steep solar panels convert sunlight (from their south facing property) into electricity, ensuring the house creates as much energy as possible using the solar photovoltaic system. The house...

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Take a look at the latest Market Statistics for Attached Homes in Vancouver West:   

VVW_Attached_Vancouver_Real_Estate_Market Statistics_July_2012_Rob_Zwick.jpg


VVW_Attached_Vancouver_Real_Estate_Market_Statistics_Graphs_July_2012_Rob_Zwick.jpg

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Take a look at the latest Market Statistics for Attached Homes in Vancouver East:   

VVE_Attached_Vancouver_Real_Estate_Market Statistics_July_2012_Rob_Zwick.jpg


VVE_Attached_Vancouver_Real_Estate_Market_Statistics_Graphs_July_2012_Rob_Zwick.jpg

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Take a look at the latest Market Statistics for Attached and Detached Homes in Kitsilano, Vancouver:

Kitsilano_Attached_Market_Statistics_June_2012_Rob_Zwick.jpg


Kitsilano_Detached_Market_Statistics_June_2012_Rob_Zwick.jpg

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Take a look at the latest Market Statistics for Real Estate in Downtown Vancouver:

  Downtown_Vancouver_Real_Estate_Market Statistics_July_2012_Rob_Zwick.jpg


Downtown_Vancouver_Real_Estate_Market_Statistics_Graphs_July_2012_Rob_Zwick.jpg

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Take a look at the latest Market Statistics for Attached Homes in Vancouver West:   


VVW_Attached_Vancouver_Real_Estate_Market Statistics_July_2012_Rob_Zwick.jpg


VVW_Attached_Vancouver_Real_Estate_Market_Statistics_Graphs_July_2012_Rob_Zwick.jpg

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