Blog › October 2012

Recently Sold Listing Th29 - 6093 Iona Drive, Vancouver, British Columbia

V976993-DUP - Th29 - 6093 Iona Drive, Vancouver, British Columbia, CANADAI have just recently sold this listing at Th29 - 6093 Iona Drive, Vancouver.

Recently Sold Listing # 505 928 BEATTY ST, Vancouver, BC

V964897 - # 505 928 BEATTY ST, Vancouver, British Columbia, CANADAI have just recently sold this listing at # 505 928 BEATTY ST, Vancouver.

New Listing # TH29 6093 IONA DR, Vancouver, BC

V976993 - # TH29 6093 IONA DR, Vancouver, BC, CANADAView my new Townhouse for sale at # TH29 6093 IONA DR, Vancouver and currently listed at $1,087,000.

Coast at UBC, a rare opportunity to reside in one of the most sought after developments. This spectacular 2 bedroom, 2 level corner home provides great views and natural light from every room. A well-appointed chef' s kitchen equipped with custom appliances by Miele and Subzero and upgraded options including a wine fridge, built-in espresso machine, radiant heat bathroom floors and hardwood throughout. Living up to its name, embrace the true west COAST lifestyle with two spacious functional balconies where you can soak up evening sunsets, reflect in peace and quiet or entrain outdoors. Home also includes 2 side-by-side parking stalls steps to the elevator and a double-sized storage locker. Open Sat&Sun 2-4.

September Statistics

In the real estate market, September historically marks the beginning of the fall market, which compared to the summer months is a busier time for real estate sales.

This year has been a little different. Let's look at how different:

  • Number of residential properties sold in September 2012 saw a decline of 32.5% compared to September 2011 and a decline of 8.1% compared to August 2012.
  • September sales were 41.6% below the 10 year September average of 2,597 units sold.
  • New listings in September 2012 in greater Vancouver decliend by 6.3% compared to September 2011 and increased by 31.6% compared to August of 2012.

“Today, our sales-to-active-listings ratio sits at 8 per cent, which puts us in a buyer’s market. This ratio has been declining in our market since March when it was 19 per cent,” said Eugen Klein, REGVB president.

According to Klein, "Prices in the region remain relatively stable overall, although we do see some reductions in the areas that have had some of the largest price increases over the last year or two."

For more information about the current real estate market in Vancouver or to discuss your specific situation, feel free to call me.