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Vancouver Real Estate Market Update Newsletter February 2012

Wed, 08 Feb 2012 01:47:00 GMT

Market Update

February 2012

The first month of 2012 is officially in the books. Hopefully your new year's resolutions are still in tact and the year is off to a great start!

The Vancouver real estate market has picked up significantly after a sleepy holiday season. Listing inventories are up 18-38% with the curious exception of Vancouver East detached homes, which sat flat. Sales are up 20-70% depending on the neighbourhood, which makes sense given the low sales numbers through December. Median pricing is all over the place compared to December, though some trends should develop next month.

The sub-categories that were in highest demand last month, determined by current absorption rates, were:

Entry-level condos (less than $300k) in Vancouver Westside
Mid-level condos & townhomes ($500-600k) in Vancouver East
Higher end condos ($700-800k) in North Vancouver
Entry-level condos ($300-400k) Downtown.
The entire sub-$1.2m detached market in North Vancouver
Entry-level detached houses ($700-900k) in Vancouver East
Mid-level detached houses ($1.4-2.0m) in Vancouver West

Look for further increases in listing inventory and more active sales next month. With low interest rates essentially guaranteed until 2014 and a healthy stable of eager buyers, it looks like we will have another busy Spring market this year. And, like 2011, it looks like the Spring market may start a little early this year.

Rob

Unique Homes Blog

Modern Kitchen and Bathroom Renovations

Here is a fantastic, contemporary kitchen and bathroom renovation from a household in Florida. It is streamlined, modern and designed to suit the homeowners needs and style. Compare the before and after photos - anything is possible in the world of home renovations! See more photos on my Unique Homes Blog >>

1316 West 7th Ave.

FOR SALE Offered at $694,000
2 Bedrooms, 3 Bathrooms
1,201 sq ft in 2 levels
Home with modern fixtures and a private garden patio

More Details See All Listings

2465 West 8th Ave.

SOLD! Offered at $1,299,000
3 Bedrooms, 3 Bathrooms
1570 sq ft
Kelly Deck designed townhome featured in House & Home Magazine

More Details See All Listings

420-8988 Hudson St.

SOLD! Offered at $325,000
1 Bedroom, 1 Bathroom
639 sq ft
Modern Fixtures in the concrete "Retro Lofts Building

More Details See All Listings

Vancouver's First "Net Zero" Solar Powered Laneway House

Tue, 07 Feb 2012 21:18:29 GMT

Lanefab, a Vancouver company, has just completed work on the city's first "net zero" solar powered lane way house. Not only is it energy efficient but it looks great too. Visit their OPEN HOUSE Saturday February 11 and Sunday February 12 from 12-4pm to view the finished product at 2733 East 57th (by Vivian St).

From Lanefab: The "net zero" house produces all of it's own power; producing extra electricity in the summer, and drawing on that stored power at night and during the winter. The house recycles waste heat from the shower drain water, has a 500 gallon rainwater tank, triple-glazed windows and doors, and 95% of the lighting is provided by high efficiency LEDs.

More information and construction pictures on Lanefab's website.

architecture, contemporary, environmentally friendly architecture, home design, laneway house, Modern architecture, open house, renovations, solar powered, unique homes, vancouver special

Vancouver West Attached Market Statistics

Fri, 03 Feb 2012 00:04:37 GMT

Take a look at this month's Vancouver West Attached Market Statistics

house prices, housing market vancouver, market statistics vancouver west, vancouver homes sales, vancouver real estate bubble, vancouver update , VANCOUVER WEST MARKET STATISTICS

Vancouver West Detached Market Statistics

Fri, 03 Feb 2012 00:03:48 GMT

Take a look at this month's Vancouver West Detached Market Statistics

house prices, housing market vancouver, market statistics vancouver west, vancouver homes sales, vancouver real estate bubble, vancouver update , VANCOUVER WEST MARKET STATISTICS

Vancouver East Detached Market Statistics

Fri, 03 Feb 2012 00:02:53 GMT

Take a look at this Month's Vancouver East Detached Market Statistics

house prices, housing and mortgages vancouver , housing market vancouver, market statistics vancouver west, vancouver east market statistics, vancouver homes sales, vancouver real estate bubble, vancouver update

Vancouver East Attached Market Statistics

Fri, 03 Feb 2012 00:02:03 GMT

Take a look at this month's Vancouver East Attached Market Statistics

North Vancouver Detached Market Statistics

Fri, 03 Feb 2012 00:01:01 GMT

Take a look at this month's North Vancouver Detached Market Statistics

house prices, market statistics vancouver west, NORTH VANCOUVER MARKET STATISTICS, vancouver homes sales, vancouver real estate bubble, vancouver update

North Vancouver Attached Market Statistics

Fri, 03 Feb 2012 00:00:03 GMT

Take a look at this month's North Vancouver Attached Market Statistics

house prices, market statistics vancouver west, NORTH VANCOUVER MARKET STATISTICS, vancouver homes sales, vancouver real estate bubble, vancouver update

Vancouver Downtown Attached Market Statistics

Thu, 02 Feb 2012 23:58:53 GMT

Take a look at this month's Downtown Vancouver Attached Market Statistics

house prices, housing market vancouver, market statistics vancouver west, VANCOUVER DOWNTOWN MARKET STATISTICS, vancouver homes sales, vancouver real estate bubble, vancouver update

Modern Kitchen and Bathroom Renovations

Tue, 31 Jan 2012 20:52:11 GMT

BEFORE - Kitchen

AFTER - Kitchen

BEFORE - Bathroom

AFTER - Bathroom

Article can be found at The Contemporist.

contemporary, contemporist, home design, houses, modern bathrooms, modern kitchen, renovations, unique homes, vancouver special