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Check out this compact Japanese home, reminiscent of laneway houses here in Vancouver. Divided up into private space and social space (with a nice back deck), this house meets all the needs a couple may have. Made entirely of wood, the house is quite cozy and simplistic (a must for smaller houses). With parts of the house doing double duty (the kitchen island as a table, a desk fit in some extra space,...

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Check out this contemporary deisgn for a family home in Toronto. Fitting on a narrow lot, this home takes advantage of height and simplistic design to complete the modern build. Though it doesn't match the older style of the surrounding houses, it's an interesting take on modern design. 

 

Found at The Contemporist: http://www.contemporist.com/2012/10/22/the-offset-house-by-ja-studio...

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Not so much a unique home, as part of a unique home. This shelf is visually intriguing and equally useful. A stunnig way to dispay some of your most precious artifacts, books and whatever else deserves the attention. The rest of the house isn't so special, but this piece deserves some attention. 

Found at http://www.desiretoinspire.net/blog/2012/10/29/an-apartment-in-israel.html on...

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Here is a great article explaining where Canada's Central Bank stands regarding debt levels, interest rates and the general economy. This may help explain some of the new Mortgage rules that took affect earlier this year, which may be preventing some people from diving into the housing market. 

Here is an excerpt: 

“The bank wants to make absolutely clear that it is not contemplating...

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Check out this beautiful house in Colorado. It's the perfect mix of West Coast Modern and Industrial Architecture.. a great blend of of wood and concrete, without either element being overbearing. The sloped roof adds a ton of interest and architectural details, and having a corner lot means the widest portion of the house can be featured (in Vancouver, the typical lot of 33x120, so if you were lucky...

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Here's a link to a video that I just finished for 604 919 Station Street, Vancouver BC. This place offers some great value for price, and it's a pleasure to show.

Rob Zwick 604-727-7612

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It's always great to post Unique Homes from Vancouver - and this Vancouver Special Renovation makes the cut. The house is lucky enough to be sitting high above Burnaby giving it a 270 degree view of the city. Smart design lead to adding a 3rd floor, which houses the master suite and an amazing roof deck (may as well enjoy the views!).

Renovating the kitchens, bathrooms and living spaces to add new fixtures,...

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Market Update

OCTOBER 2012

It's a good thing the weather was warm this past September, as the Vancouver real estate market was definitely cooler than expected with an 8.1% drop in home sales compared to August and 32.5% decline compared to September 2011. In spite of this, buyer presence remains very strong with many waiting in the wings to dive back in when they find the right fit. As more stability sets in to the market place, I anticipate we will see an increase in sales volume heading into the Fall season. A few other statistical notes include a sales-to-active listings ratio of 8%, which plants us firmly in a Buyer's market, and a decline in benchmark pricing of 0.8% compared to last year and 2.3% over the past 3 months.

Looking at individual market segments, a few more interesting trends are developing:

Vancouver West:

Attached properties saw a decline in sales of 35% compared to last year and 14% compared to August. This translated into a 6% drop in average pricing. The strongest product type here is the entry level 1 bedroom market between $300-400k with an absorption rate of 11%

Detached homes showed a 40% increase in sales over August numbers, though activity was still down 12% over last year. Average pricing is actually up 1% over last year, though they have slipped 5% compared to August. The hotspot here is the sub-$1.5m market at an 18% absorption rate, though homes in the $5-6m range are still selling at at a healthy 15% clip.

Vancouver East:

Attached property sales improved 11% over August but slipped 30% compared to last year. This was associated with an 8% drop in average pricing over last year with virtually no change since last month. The $400-500k range is fastest selling product type here which often equates to entry level 2 bedroom units.

Detached homes sales were up a whopping 42% over August numbers, but down 47% compared to last year. This makes some sense given how hot this market was this time last year, but the decline is still significant. This decline in sales has translated into a slight decline in pricing of 1.5%. The $600-700k entry level home is still a hot seller at the moment with an absorption rate over 20%.

Downtown:

Sales activity here has decline 22% over last year but improved almost 14% since August. Average pricing has actually increased 10.5% in the past year and up 14% since last month, driven by some higher end sales. You might be noticing a theme by now, but the hottest price point here is again the $300-400k entry level market.

North Vancouver:

Attached properties slipped 27% over the past year and 4% over the last month. Prices are down 7% compared to September 2011 though they did bounce back almost 6% from the August numbers. The sub-$300k market was the best selling segment here.

Detached home sales have increased 19% in the past month while falling almost 40% compared to last year. This has equated to an 8% decline in average sales pricing since last September. There is still a healthy amount of activity between $700k and $1.2m with the collective absorption rates equally 13%.

 

Moving forward, expect to see buyers and sellers start to get on the same page with the current market place, leading to increased sales activity. Prices may continue to trend downward toward the end of the year as sellers who need to sell may lower their prices to do so. Homes that are listed sharply and show well are still selling quickly. Buyers who are patient are finding some great buys.

If you have any questions, don't hesitate to touch base.

Rob

Unique Homes Blog

MINIMALIST JAPANESE HOUSE

This minimalist Japanese house is a great example of serene, modern comfort. The white walls are clean, airy and modern, while the light wood adds some warmth without overpowering the white walls.  Read the rest of my post and see more pictures on my Unique Homes Blog >>

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MARKET STATISTICS

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