Sanjin Cvetkovic : Archived blog posts for : June 2013

Mortgage Rates Forecast - BCREA

Posted on June 12, 2013 by Sanjin Cvetkovic

Posted in rates, forcast, bcrea

Read

Latest Vancouver Downtown Market Report - May 2013

Posted on June 5, 2013 by Sanjin Cvetkovic

Official Market Type Downtown: Sellers market at 23% Sales Ratio average (2.3 in 10 homes selling)
Homes are selling on average 2% below list price
Most Active Price Band* +/- $1 mil: $300,000 to $400,000 (36% Sales Ratio); $1.5 mil to $1.75 mil (35% Sales Ratio)
Buyers Best Bet* under $1 mil: Homes from $900,000 to $1 mil (Buyers market), Coal Harbour and minimum 4 bedrooms
Sellers Best Bet*: Selling homes in Yaletown and up to 1 bedroom properties

To view complete report with 13-month graph and other Vancouver neighborhoods please visit :

http://www.vancouver-properties.ca/snapstats.html

Official Market Type Definitions: To ensure you understand the Sales Ratio % statistic please CLICK HERE

Read

Spring months bring balance to Greater Vancouver housing market

Posted on June 4, 2013 by Sanjin Cvetkovic

Posted in REBGV, REBGV stats

While the number of home sales in Greater Vancouver continued to trend below the 10-year average in May, the balance of sales and listings meant continued market stability this spring.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,882 on the Multiple Listing Service® (MLS®) in May 2013. This represents a one per cent increase compared to the 2,853 sales recorded in May 2012, and a 9.7 per cent increase compared to the 2,627 sales in April 2013.

Last month’s sales were 19.4 per cent below the 10-year sales average for the month, while new listings for the month were 7.4 percent below the 10-year average.

“We’ve seen some steadying trends over the last three months,” Sandra Wyant, REBGV president said. “The number of homes listed for sale has been keeping pace with the number of property sales, leading to a balanced sales-to-listings ratio. This is having a stabilizing influence on home price activity.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,656 in May. This represents an 18.3 per cent decline compared to the 6,927 new listings reported in May 2012 and a 3.7 per cent decline from the 5,876 new listings in April of this year.

The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 17,222, a 3.4 per cent decrease compared to May 2012 and a 2.9 per cent increase compared to April 2013.

The sales-to-active-listings ratio currently sits at 17 per cent in Greater Vancouver. This is the third straight month that this ratio has been above 15 per cent. Previous to this, May 2012 was the last time this ratio was above 15 per cent.

The MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver is currently $598,400. This represents a decline of 4.3 per cent compared to this time last year and an increase of 1.8 per cent compared to January 2013.

Sales of detached properties reached 1,212 in May 2013, an increase of 2.7 per cent from the 1,180 detached sales recorded in May 2012, and a 22.8 per cent decrease from the 1,570 units sold in May 2011. The benchmark price for detached properties decreased 5.2 per cent from May 2012 to $917,200.

Sales of apartment properties reached 1,136 in May 2013, a decline of 1.7 per cent compared to the 1,156 sales in May 2012, and a decrease of 7.5 per cent compared to the 1,228 sales in May 2011. The benchmark price of an apartment property decreased 3.7 per cent from May 2012 to $365,600.

Attached property sales in May 2013 totalled 534, an increase of 3.3 per cent compared to the 517 sales in May 2012, and a 7.8 per cent decrease from the 579 attached properties sold in May 2011. The benchmark price of an attached unit decreased 3.2 per cent between May 2012 and 2013 to $454,900.

Download the complete stats package by clicking here.

Read

Open House. Open House on Sunday, June 2, 2013 2:00 pm - 4:00 pm

Posted on June 2, 2013 by Sanjin Cvetkovic

Posted in Downtown VW, Vancouver West Real Estate

Property Photo: 506 1199 SEYMOUR ST in Vancouver

Please visit our Open House at 506 1199 SEYMOUR ST in Vancouver.

See details here

Open House on Sunday, June 2, 2013 2:00 pm - 4:00 pm

Located in Downtown area of Vancouver West, at the crossroadsof Seymour Street and Davie Street, Brava isjust one block away from Emery Barnes Park, next door to Scotia bank Dance Center and home to Vancouver International Film Center which houses public facilities including a 170+ seat theatre, multi-media art gallery, meeting rooms, exhibition space, screening rooms, editing facilities and a lobby concession. Brava is three blocks away from the trendiest restaurants and clubs in the heart of Yaletown.

Brava is a large development encompassing nearly a full city block that consists of twin concrete and glass towers. Amacon Development quality built Brava Tower 1 in 2005. This 35-level building has full rain screen. There are 420 units in development and in strata.

Brava offers great amenities that include equipped fitness gym, private women's and men's change rooms with showers and lockers, a steam room, an outdoor 75' lap pool, a hot tub, and landscaped garden terrace, an outdoor warm-water dog/bike wash, lobby billiards lounge, and audio-video entertainment center, a social lounge with bar, a parents room and outdoor children's play area, guest suites and on-site caretaker.

This building also features a floor specific access, a lobby enter-phone with security camera, a well-lit underground parking with access security gate and video surveillance,24-hour security patrol and weather engineered window systems for your peace of mind.

BRAVA BUILDING PAGE click here

This beautiful 1 bedroom condo faces south, overlooking a park, and features : the bathroom with soaker tub, Maple vanity cabinets, granite countertops, above-counter wash basins, chrome single lever faucets and large beveled mirror, kitchen with granite countertops, full-height Maple Cabinetries, breakfast bar island, double stainless steel sinks,Chrome single lever faucets, tile backsplashes, stainless steel Whirlpool appliances : glass top range with ovens,5 cycle dishwashers, microwave with a hood fan, fridge/freezer and halogen track lighting, living room withlaminate flooring,12"x12" tile in hallway and sunroom, full height windows, electric fireplace and solid wood baseboards.

Located in the heart of Yaletown, steps to entertainment, shopping and transportation, this 644 sf condo will impress even the pickiest buyers. Comes with, 1 underground parking and storage locker.

Club Brava (on the 4th floor):

Equipped fitness gym Private women's and men's change rooms with showers and lockers
Steam room Outdoor 75' lap pool, hot tub, and landscaped garden terrace
Outdoor warm-water dog/bike wash
Lobby billiards lounge Audio-video entertainment center
Social lounge with bar Parents room and outdoor children's play area (unsupervised)
Guest suites
On-site caretaker

Maintenance Fees Include

Caretaker
Garbage Pickup
Gardening
Hot Water
Management
Recreation Facility

Restrictions

Rentals Allowed
Pets Allowed with Restrictions
# of pets - 2

Building Information

Developer: Amacon Development
Architect: HEWITT + COMPANY Architecture

HD VIDEO link here

Read