New property listed in West End VW, Vancouver West

Posted on February 11, 2025 by Karel Palla

Posted in West End VW, Vancouver West Real Estate

New property listed in West End VW, Vancouver West

We have listed a new property at 305 1399 BARCLAY ST in Vancouver.

TOP FLOOR WEST END CONDO AT IT'S BEST! SW facing private treed outlook & Barclay Heritage Park across the street. Perfectly executed 1 bed floorplan designed for the contemporary professional. 16' vaulted ceiling, skylights & clerestory windows for added brightness, updated kitchen w/ window, renovated bathroom w/ heated floors, gorgeous top quality light hardwood plank floors, wood burning fireplace, built-in living room window seat & shelving, in-suite laundry, ample storage, townhouse style entry w/ open walkways, pet friendly(1 dog/cat or 2 cats), storage locker & parking & rainscreened exterior. Ideal quiet central location close to shopping, restaurants, recreation, Stanley Park & transportation. Units rarely become available in this boutique building. Act now before its too late!

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Open House. Open House on Saturday, February 15, 2025 1:00PM - 3:00PM

Posted on February 11, 2025 by Karel Palla

Posted in West End VW, Vancouver West Real Estate

Please visit our Open House at 305 1399 BARCLAY ST in Vancouver. See details here

Open House on Saturday, February 15, 2025 1:00PM - 3:00PM

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Open House. Open House on Sunday, January 12, 2025 1:00PM - 3:00PM

Posted on January 10, 2025 by Karel Palla

Posted in Simon Fraser Univer., Burnaby North Real Estate

Please visit our Open House at 407 9580 TOWER RD in Burnaby. See details here

Open House on Sunday, January 12, 2025 1:00PM - 3:00PM

A lovely 2 bed, 2 bath quiet and private corner unit in the south building of Oslo, by Eighth Ave Developments. Unique location on SFU Burnaby Mountain's South Slope w/ doorstep access to transit, nature, shops, schools & amenities. Featuring Scandinavian design principles with high-quality European building aesthetic and materials. Over-height 9' ceilings. Premium kitchen with quartz counters and stainless steel appliance package. Sustainable HRV unit with radiant in-floor heating through out the hardwood plank flooring. Double glazed, thermally-engineered windows make for a bright, cheery home with mountain and city views. Spacious patio. 14,000 sf of indoor and outdoor amenities inc WFH spaces, study hubs, community bbqs and landscaped social areas. 2 pets allowed. 1 parking, 1 locker. OPEN HOUSE SUNDAY JAN 12th 1-3PM.

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Home Sales on the Rise

Posted on January 6, 2025 by Karel Palla

Home sales register a strong finish to cap off 2024

Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver rose over thirty per cent in December, compared to the previous year, signalling strengthening demand-side momentum to close out 2024.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 26,561 in 2024, a 1.2 per cent increase from the 26,249 sales recorded in 2023, and a 9.2 per cent decrease from the 29,261 sales in 2022.

Last year’s sales total was 20.9 per cent below the 10-year annual sales average (33,559).

“Looking back on 2024, it could best be described as a pivot year for the market after experiencing such dramatic increases in mortgage rates in the preceding years,” said Andrew Lis, GVR’s director of economics and data analytics. “With borrowing costs now firmly on the decline, buyers have started to show up in numbers after somewhat of a hiatus – and this renewed strength is now clearly visible in the more recent monthly data.”

Properties listed on the MLS® system in Metro Vancouver totalled 60,388 in 2024. This represents an 18.7 per cent increase compared to the 50,894 properties listed in 2023. This was 9.7 per cent above the 55,047 properties listed in 2022.

The total number of properties listed last year was 5.7 per cent above the region’s 10-year annual average (57,136).

Currently, the total number of homes listed for sale on the MLS® system in Metro Vancouver is 10,948, a 24.4 per cent increase compared to December 2024 (8,802). This total is also 25.3 per cent above the 10-year seasonal average (8,737).

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,171,500. This represents a 0.5 per cent increase over December 2023 and a 0.1 per cent decrease compared to November 2024.

“Disappointingly, sales came in shy of our forecasted target for the year, but the December figures signal an emerging pattern of strength in home sales, building on the momentum seen in previous months,” Lis said. “These more recent sales figures are now trending back towards long-term historical averages, which suggests there may still be quite a bit of potential upside for sales as we head into 2025, should the recent strength continue.

“Although sales activity had a slower start to the year, price trends began 2024 on the rise and closed out the year on a flatter trajectory. Most market segments saw year-over-year increases of a few per cent except for apartment units, which ended 2024 roughly flat. With the data showing renewed strength to finish the year however, it looks as though the 2025 market is positioned to be considerably more active than we’ve seen in recent years.”

December 2024 summary

Residential sales in the region totalled 1,765 in December 2024, a 31.2 per cent increase from the 1,345 sales recorded in December 2023. This was 14.9 per cent below the 10-year seasonal average (2,074) for the month.

There were 1,676 detached, attached and apartment properties newly listed for sale on the MLS® system in Metro Vancouver in December 2024. This represents a 26.3 per cent increase compared to the 1,327 properties listed in December 2023. This was 1.1 per cent below the 10-year seasonal average (1,695).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for December 2024 is 16.8 per cent. By property type, the ratio is 12.1 per cent for detached homes, 23.6 per cent for attached, and 18.7 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Sales of detached homes in December 2024 reached 494, a 31.4 per cent increase from the 376 detached sales recorded in December 2023. The benchmark price for a detached home is $1,997,000. This represents a two per cent increase from December 2023 and is nearly unchanged compared to November 2024.

Sales of apartment homes reached 891 in December 2024, a 23.9 per cent increase compared to the 719 sales in December 2023. The benchmark price of an apartment home is $749,900. This represents a 0.1 per cent decrease from December 2023 and a 0.4 per cent decrease compared to November 2024.

Attached home sales in December 2024 totalled 371, a 55.9 per cent increase compared to the 238 sales in December 2023. The benchmark price of a townhouse is $1,114,600. This represents a 3.4 per cent increase from December 2023 and a 0.3 per cent decrease compared to November 2024.

Download the 2024 year-end stats package

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New property listed in Simon Fraser Univer., Burnaby North

Posted on December 12, 2024 by Karel Palla

Posted in Simon Fraser Univer., Burnaby North Real Estate

New property listed in Simon Fraser Univer., Burnaby North

We have listed a new property at 407 9580 TOWER RD in Burnaby.

See details here

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Open House. Open House on Saturday, December 14, 2024 1:00PM - 3:00PM

Posted on December 12, 2024 by Karel Palla

Posted in Simon Fraser Univer., Burnaby North Real Estate

Please visit our Open House at 407 9580 TOWER RD in Burnaby. See details here

Open House on Saturday, December 14, 2024 1:00PM - 3:00PM

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We have sold a property at 110 PRIOR ST in Vancouver

Posted on December 3, 2024 by Karel Palla

Posted in Downtown VE, Vancouver East Real Estate

We have sold a property at 110 PRIOR ST in Vancouver.

See details here

INCREDIBLE VALUE! Den/Bed on Main + 2 Beds up + rooftop office + 2 1/2 baths. 2 car private garage + storage. Spectacular 1673SF luxury 3 level concrete townhome w/ a spacious layout at Bosa's Creekside. Enjoy the outdoors from 3 large patios plus an entertainment sized rooftop deck with views of the City Skyline & N. Shore Mountains. Beautifully renovated thru-out: heated tile entry, engineered hardwood, designer fixtures, custom cabinetry, integrated s/s appliances & quartzite stone counters. Walk score 94; Transit 100; Cycling 97. Rentals min. 30 days; 2 pets ok (cats/dogs). Great facilities: gym, sauna, steam room & rec. room. Enjoy the ultimate urban lifestyle in the most vibrant area in the City. Walk to everything! Perfect for the empty nester, family or smart investor.

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Open House. Open House on Sunday, November 24, 2024 1:00PM - 3:00PM

Posted on November 21, 2024 by Karel Palla

Posted in Simon Fraser Univer., Burnaby North Real Estate

Please visit our Open House at 407 9580 TOWER RD in Burnaby. See details here

Open House on Sunday, November 24, 2024 1:00PM - 3:00PM

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Open House. Open House on Saturday, November 9, 2024 2:00PM - 4:00PM

Posted on November 7, 2024 by Karel Palla

Posted in The Crest, Burnaby East Real Estate

Please visit our Open House at 1 8533 CUMBERLAND PL in Burnaby. See details here

Open House on Saturday, November 9, 2024 2:00PM - 4:00PM

Looking for something exceptional? This 4 bdrm/4 bath end unit townhome was FULLY renovated by an award winning contractor. Absolutely top shelf materials were used throughout, no detail was overlooked. All floors feature real oak flooring throughout. The heart of a home is the kitchen - here there's birch cabinetry, caesarstone counters, marble tile backsplash & a spacious waterfall style granite island. Balcony for bbq'ing. Adjoining breakfast nook and built in WFH station. Open living/dining rooms with powder room, great for entertaining. Up are 3 bdrms, 2 baths. Primary bdrm features a luxurious ensuite & a WI closet. Down is a 4th bdrm, w/ a steam shower in the ensuite. 2 car garage. For outside living there is a private fenced yard and expansive deck area. This home has it all!

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