Vancouver Real Estate Blog – David Valente, Market Update, Newsletter, Leading Real Estate Internet Marketer for North Vancouver, West Vancouver, Downtown, Royal LePage Sussex http://www.davidvalente.com/Blog.php This page contains the Vancouver Real Estate Blog by David Valente. Fri, 27 Apr 2018 00:23:23 -0700 http://ubertor.com/?v=1.0 en Updated: April 13, 2018 North Shore Listing & Sales Graphs http://www.davidvalente.com/Blog.php/april-13-18-updated-north-shore-listing-sales-graphs Fri, 13 Apr 2018 13:49:00 -0700 David Valente General http://www.davidvalente.com/Blog.php/april-13-18-updated-north-shore-listing-sales-graphs thumb

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Planning to Buy or Sell a property? Call David Valente 604-377-6015]]>
April Market Newsletter: Fewer home sales and listings in the first quarter of 2018 http://www.davidvalente.com/Blog.php/april-market-newsletter-fewer-home-sales-and-listings-in-the-first-quarter-of-2018 Wed, 04 Apr 2018 11:29:22 -0700 David Valente General http://www.davidvalente.com/Blog.php/april-market-newsletter-fewer-home-sales-and-listings-in-the-first-quarter-of-2018 Fewer home sales and listings in the first quarter of 2018

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Fewer home sales and listings in the first quarter of 2018

Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 per cent decrease from the 3,579 sales recorded in March 2017, and a 14 per cent increase compared to February 2018 when 2,207 homes sold.

Last month’s sales were 23 per cent below the 10-year March sales average.

There were 6,542 home sales on the Multiple Listing Service® (MLS®) in Metro Vancouver during the first quarter of 2018, a 13.1 per cent decrease from the 7,527 sales over the same period last year. This represents the region’s lowest first-quarter sales total since 2013.

“We saw less demand from buyers and fewer homes listed for sale in our region in the first quarter of the year,” Phil Moore, REBGV president said. “High prices, new tax announcements, rising interest rates, and stricter mortgage requirements are among the factors affecting home buyer and seller activity today.”

There were 4,450 detached, attached and apartment properties newly listed for sale in Metro Vancouver in March 2018. This represents a 6.6 per cent decrease compared to the 4,762 homes listed in March 2017 and a 5.4 per cent increase compared to February 2018 when 4,223 homes were listed.

There were 12,469 homes listed for sale in Metro Vancouver during the first quarter of 2018, a 0.8 per cent decrease from the 12,568 sales over the same period last year. This represents the region’s lowest first-quarter new listings total since 2013.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,380, a 10.5 per cent increase compared to March 2017 (7,586) and a 7.1 per cent increase compared to February 2018 (7,822).

“Even with lower demand, upward pressure on prices will continue as long as the supply of homes for sale remains low,” Moore said. “Last month was the quietest March for new home listings since 2009 and the total inventory, particularly in the condo and townhome segments, of homes for sale remains well below historical norms.”

For all property types, the sales-to-active listings ratio for March 2018 is 30 per cent. By property type, the ratio is 14.2 per cent for detached homes, 39.9 per cent for townhomes, and 61.6 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,084,000. This represents a 16.1 per cent increase over March 2017 and a 1.1 per cent increase compared to February 2018.

Sales of detached properties in March 2018 reached 722, a decrease of 37 per cent from the 1,150 detached sales recorded in March 2017. The benchmark price for detached properties is $1,608,500. This represents a 7.4 per cent increase from March 2017 and a 0.4 per cent increase compared to February 2018.

Sales of apartment properties reached 1,349 in March 2018, a decrease of 26.7 per cent compared to the 1,841 sales in March 2017. The benchmark price of an apartment property is $693,500. This represents a 26.2 per cent increase from March 2017 and a 1.6 per cent increase compared to February 2018.

Attached property sales in March 2018 totalled 446, a decrease of 24.1 per cent compared to the 588 sales in March 2017. The benchmark price of an attached unit is $835,300. This represents a 17.7 per cent increase from March 2017 and a two per cent increase compared to February 2018.

Buying or Selling in 2018? Call David Valente today!

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My March 2018 Monthly Market Newsletter & REBGV Stats Package: Home buyers were less active in February http://www.davidvalente.com/Blog.php/my-march-2018-monthly-market-newsletter-rebgv-stats-package-home-buyers-were-less-active-in-february Fri, 02 Mar 2018 13:07:54 -0800 David Valente General http://www.davidvalente.com/Blog.php/my-march-2018-monthly-market-newsletter-rebgv-stats-package-home-buyers-were-less-active-in-february thumb
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Home buyers were less active in February

Metro Vancouver* home sales dipped below the long-term historical average in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,207 in February 2018, a nine per cent decrease from the 2,424 sales recorded in February 2017, and a 21.4 per cent increase compared to January 2018 when 1,818 homes sold.

Last month’s sales were 14.4 per cent below the 10-year February sales average. By property type, detached sales were down 39.4 per cent over the same period, attached sales were down 6.8 per cent, and apartment sales were 5.5 per cent above the 10-year February average.

“Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market,” Jill Oudil, REBGV president said. “Even still, the supply of apartment and townhome properties for sale today is unable to meet demand. On the other hand, our detached home market is beginning to enter buyers’ market territory.”

There were 4,223 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2018. This represents a 15.2 per cent increase compared to the 3,666 homes listed in February 2017 and an 11.2 per cent increase compared to January 2018 when 3,796 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 7,822, a three per cent increase compared to February 2017 (7,594) and a 12.6 per cent increase compared to January 2018 (6,947).

“The spring is traditionally the busiest time for home buyers and sellers in our market. We’ll wait to see how they react to the taxes and other policy measures that our provincial and federal governments have introduced so far this year,” Oudil said. “To help you navigate these changes in today’s housing market, it’s important to work with your local REALTOR®.”

For all property types, the sales-to-active listings ratio for February 2018 is 28.2 per cent. By property type, the ratio is 13 per cent for detached homes, 37.6 per cent for townhomes, and 59.7 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,071,800. This represents a 16.9 per cent increase over February 2017 and a 1.4 per cent increase compared to January 2018.

Sales of detached properties in February 2018 reached 621, a 16.6 per cent decrease from the 745 detached sales recorded in February 2017. The benchmark price for detached properties is $1,602,000. This represents an 8.2 per cent increase from February 2017 and is virtually unchanged from January 2018.

Sales of apartment properties reached 1,185 in February 2018, a 7.1 per cent decrease compared to the 1,275 sales in February 2017. The benchmark price of an apartment property is $682,800. This represents a 27.2 per cent increase from February 2017 and a 2.6 per cent increase compared to January 2018.

Attached property sales in February 2018 totalled 401, a 0.7 per cent decrease compared to the 404 sales in February 2017. The benchmark price of an attached unit is $819,200. This represents an 18.1 per cent increase from February 2017 and a 1.9 per cent increase compared to January 2018.

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My Feb 2018 Monthly Market Newsletter & Stats Pack: Home buyer demand depends on property type http://www.davidvalente.com/Blog.php/my-feb-2018-monthly-market-newsletter-stats-pack-home-buyer-demand-depends-on-property-type Fri, 02 Feb 2018 15:32:22 -0800 David Valente General http://www.davidvalente.com/Blog.php/my-feb-2018-monthly-market-newsletter-stats-pack-home-buyer-demand-depends-on-property-type thumb
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Home buyer demand depends on property type

Attached and apartment homes are in demand across Metro Vancouver while detached home buyers are facing less competition today.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,818 in January 2018, a 19.4 per cent increase from the 1,523 sales recorded in January 2017, and a 9.8 per cent decrease compared to December 2017 when 2,016 homes sold.

Last month’s sales were 7.1 per cent above the 10-year January sales average. By property type, detached sales were down 24.8 per cent from the 10-year January average, attached sales increased 14.3 per cent and apartment sales were up 31.6 per cent over the same period.

“Demand remains elevated and listings scarce in the attached and apartment markets across Metro Vancouver,” Jill Oudil, REBGV president said. “Buyers in the detached market are facing less competition and have much more selection to choose. For detached home sellers to be successful, it’s important to set prices that reflect today’s market trends.”

There were 3,796 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2018. This represents an 8.3 per cent decrease compared to the 4,140 homes listed in January 2017 and a 100.7 per cent increase compared to December 2017 when 1,891 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 6,947, a four per cent decrease compared to January 2017 (7,238) and a 0.2 per cent decrease compared to December 2017 (6,958).

For all property types, the sales-to-active listings ratio for January 2018 is 26.2 per cent. By property type, the ratio is 11.6 per cent for detached homes, 32.8 per cent for townhomes, and 57.2 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is currently $1,056,500. This represents a 16.6 per cent increase over January 2017 and a 0.6 per cent increase compared to December 2017.

Detached home sales in January 2018 reached 487, a 9.7 per cent increase from the 444 detached sales recorded in January 2017. The benchmark price for detached properties is $1,601,500. This represents an 8.3 per cent increase from January 2017 and a 0.3 per cent decrease compared to December 2017.

Apartment home sales reached 1,012 in January 2018, a 22.7 per cent increase compared to the 825 sales in January 2017. The benchmark price of an apartment property is $665,400. This represents a 27.4 per cent increase from January 2017 and a 1.5 per cent increase compared to December 2017.

Attached home sales in January 2018 totalled 319, a 25.6 per cent increase compared to the 254 sales in January 2017. The benchmark price of an attached unit is $803,700. This represents a 17.5 per cent increase from January 2017 and unchanged compared to December 2017.

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West End VW Open House! http://www.davidvalente.com/Blog.php/west-end-vw-open-house-1 Wed, 24 Jan 2018 10:44:33 -0800 David Valente Listings http://www.davidvalente.com/Blog.php/west-end-vw-open-house-1 We are proud to announce that this Jan 28th, 2:00 PM to 4:00 PM we will be hosting an Open House at 1392 NELSON STREET in Anduluca in the West End VW neighborhood, Vancouver. This is an opportunity to visit this excellent Townhouse for sale in beautiful West End VW.

Please come with any questions you may have. In the meantime you can take a virtual tour of this West End VW Townhouse for sale.

As always please do not hesitate to give me a call at 604-377-6015 if I can answer any questions before the open house, or if you would like to book a private showing.

David Valente
Royal LePage Sussex

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West End VW Open House! http://www.davidvalente.com/Blog.php/west-end-vw-open-house Wed, 24 Jan 2018 10:43:41 -0800 David Valente Listings http://www.davidvalente.com/Blog.php/west-end-vw-open-house We are proud to announce that this Jan 27th, 12:00 PM to 2:00 PM we will be hosting an Open House at 1392 NELSON STREET in Anduluca in the West End VW neighborhood, Vancouver. This is an opportunity to visit this excellent Townhouse for sale in beautiful West End VW.

Please come with any questions you may have. In the meantime you can take a virtual tour of this West End VW Townhouse for sale.

As always please do not hesitate to give me a call at 604-377-6015 if I can answer any questions before the open house, or if you would like to book a private showing.

David Valente
Royal LePage Sussex

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1392 NELSON STREET, Vancouver, BC http://www.davidvalente.com/Blog.php/1392-nelson-street-vancouver-bc Tue, 23 Jan 2018 10:59:02 -0800 David Valente Listings http://www.davidvalente.com/Blog.php/1392-nelson-street-vancouver-bc I just finished uploading this Townhouse for sale, 1392 NELSON STREET, Vancouver, BC

Rarely available WEST END TOWNHOME in the SOUGHT after ANDALUCA. 1 of 5 townhomes in a 42 unit strata property, enjoy your own PRIVATE entrance off a GARDEN walkway into this MODERN/PLAN 2 level, 2 bedroom & den (or storage room) & 2 bathroom home. Hardwood floors, 9 ft ceilings, open kitchen with SS appliances, granite countertops, gas fireplace, all with treed outlook, and the upper level has 2 good size bedrooms, walk-in closet, ensuite and main bath and MOUNTAIN VIEWS. PETS & RENTALS ALLOWED. Wonderful West End location, tree lined street, quiet but close to cafes, pubs, shopping, beaches, Stanley Park and Business District. Extremely well run BUILDING, PETS (2) & RENTALS ALLOWED. OPEN Friday 10-noon. OPEN HOUSE Sat Jan 27th 12(noon)-2pm & Sun & Jan 28th 2-4pm.

As always please do not hesitate to give me a call at 604-377-6015 if you would like to book a private showing.

David Valente
Royal LePage Sussex

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January 2018 Real Estate Market Newsletter & REBGV Stats Package http://www.davidvalente.com/Blog.php/january-2018-real-estate-market-newsletter-rebgv-stats-package Wed, 03 Jan 2018 10:34:31 -0800 David Valente General http://www.davidvalente.com/Blog.php/january-2018-real-estate-market-newsletter-rebgv-stats-package thumb
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Steady sales and diminished listings characterize 2017 for the Metro Vancouver housing market

After reaching record levels in 2015 and 2016, Metro Vancouver home sales returned to more historically normal levels in 2017. Home listings, on the other hand, came in several thousand units below typical activity.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 35,993 on the Multiple Listing Service® (MLS®) in 2017, a 9.9 per cent decrease from the 39,943 sales recorded in 2016, and a 15 per cent decrease over the 42,326 residential sales in 2015.

Last year’s sales total was, however, 9.7 per cent above the 10-year sales average.

“It was a steady year for home sales across the region, led by condominium and townhome activity, and a quieter year for home listings,” Jill Oudil, REBGV president said. “Metro Vancouver home sales were the third highest we’ve seen in the past ten years while the home listings total was the second lowest on record for the same period.”

Home listings in Metro Vancouver reached 54,655 in 2017. This is a 5.1 per cent decrease compared to the 57,596 homes listed in 2016 and a 4.5 per cent decrease compared to the 57,249 homes listed in 2015.

Last year’s listings total was 4.4 per cent below the 10-year listings average.

“Market activity differed considerably this year based on property type,” Oudil said. “Competition was intense in the condominium and townhome markets, with multiple offer situations becoming commonplace. The detached home market operated in a more balanced state, giving home buyers more selection to choose from and more time to make decisions.”

The MLS® HPI composite benchmark price for all residential properties in Metro Vancouver ends the year at $1,050,300. This is up 15.9 per cent compared to December 2016.

The benchmark price of condominiums increased 25.9 per cent in the region last year. Townhomes increased 18.5 per cent and detached homes increased 7.9 per cent.

“Strong economic growth, low interest rates, declining unemployment, increasing wages and a growing population all helped boost home buyer demand in our region last year,” Oudil said.

December summary

Sales of detached, attached, and apartment properties totalled 2,016 in the region in December 2017, a 17.6 per cent increase from the 1,714 sales recorded in December 2016 and a 27.9 per cent decrease compared to November 2017 when 2,795 homes sold.

Last month’s sales were 7.5 per cent above the 10-year sales average for the month.

“As we move into 2018, REALTORS® are working with their clients to help them understand how changing interest rates and the federal government’s new mortgage qualifications could affect their purchasing power,” Oudil said. “Only time will tell what impact these rules will have on the market.

“Home buyers today should get pre-approved before making an offer to ensure that your home buying goals align with your financial situation,” Oudil said.

There were 1,891 residential homes newly listed for sale in December 2017. This represents a 44.1 per cent increase compared to the 1,312 homes listed in December 2016 and a 54 per cent decrease compared to November 2017 when 4,109 properties were listed.

The total number of homes currently listed for sale on the MLS® in Metro Vancouver is 6,958, a 9.7 per cent increase compared to December 2016 (6,345) and a 20.5 per cent decrease compared to November 2017 (8,747).

The sales-to-active listings ratio for December 2017 is 29 per cent. By property type, the ratio is 14.4 per cent for detached homes, 38.8 per cent for townhomes, and 59.6 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Sales of detached properties in December 2017 reached 617, a 14 per cent increase from the 541 detached sales recorded in December 2016. The benchmark price for a detached home in the region is $1,605,800. This represents a 7.9 per cent increase compared to December 2016.

Sales of apartment homes reached 1,028 in December 2017, a 12.3 per cent increase compared to the 915 sales in December 2016.The benchmark price of an apartment in the region is $655,400. This represents a 25.9 per cent increase compared to December 2016.

Attached (or townhome) property sales in December 2017 totalled 371, a 43.8 per cent increase compared to the 258 sales in December 2016. The benchmark price of an attached home in the region is $803,700. This represents an 18.5 per cent increase compared to December 2016.

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Happy New Year 2018! http://www.davidvalente.com/Blog.php/happy-new-year-2018 Tue, 02 Jan 2018 14:26:16 -0800 David Valente General http://www.davidvalente.com/Blog.php/happy-new-year-2018 thumb

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My December 2017 Real Estate Newsletter & REBGV Stats Pack: Above-average demand & below-average supply http://www.davidvalente.com/Blog.php/my-december-2017-real-estate-newsletter-rebgv-stats-pack-above-average-demand-below-average-supply Mon, 04 Dec 2017 13:22:37 -0800 David Valente General http://www.davidvalente.com/Blog.php/my-december-2017-real-estate-newsletter-rebgv-stats-pack-above-average-demand-below-average-supply Metro Vancouver continues to experience above-average demand and below-average supply

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Metro Vancouver continues to experience above-average demand and below-average supply

Metro Vancouver* saw modest home listing changes and steady demand in November.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,795 in November 2017, a 26.2 per cent increase from the 2,214 sales recorded in November 2016, and a 7.5 per cent decrease compared to October 2017 when 3,022 homes sold.

Last month’s sales were 17 per cent above the 10-year November sales average.

“We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium markets,” Jill Oudil, REBGV president said.

There were 4,109 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2017. This represents a 30.6 per cent increase compared to the 3,147 homes listed in November 2016 and a 9.5 per cent decrease compared to October 2017 when 4,539 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,747, a 4.3 per cent increase compared to November 2016 (8,385) and a 4.3 per cent decrease compared to October 2017 (9,137).

“While we’re seeing more listings enter the market today than we saw at this time last year, we have a long way to go before our home listing inventory rises back to more historically typical levels,” Oudil said.

The sales-to-active listings ratio for November 2017 is 32 per cent, which is up three per cent since September 2017. By property type, the ratio is 15.9 per cent for detached homes (up one per cent since September 2017), 36.4 per cent for townhomes (down six per cent since September 2017), and 67.8 per cent for condominiums (up seven per cent since September 2017).

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,046,900. This represents a 14 per cent increase over November 2016 and a 0.4 per cent increase compared to October 2017.

Sales of detached properties in November 2017 reached 841, a 31.8 per cent increase from the 638 detached sales recorded in November 2016. The benchmark price for detached properties is $1,608,000. This represents a 6.1 per cent increase from November 2016 and a 0.1 per cent decrease compared to October 2017.

Sales of apartment properties reached 1,508 in November 2017, a 25.7 per cent increase compared to the 1,200 sales in November 2016. The benchmark price of an apartment property is $648,200. This represents a 23.9 per cent increase from November 2016 and a one per cent increase compared to October 2017.

Attached property sales in November 2017 totalled 446, an 18.6 per cent increase compared to the 376 sales in November 2016. The benchmark price of an attached unit is $805,200. This represents a 17.9 per cent increase from November 2016 and a 0.3 per cent increase compared to October 2017.

Buying or Selling a property? Call David Valente 604-377-6015


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#11 1506 EAGLE MOUNTAIN DRIVE, Coquitlam, BC http://www.davidvalente.com/Blog.php/11-1506-eagle-mountain-drive-coquitlam-bc Sun, 03 Dec 2017 09:01:31 -0800 David Valente Listings http://www.davidvalente.com/Blog.php/11-1506-eagle-mountain-drive-coquitlam-bc I just finished uploading this Townhouse for sale, #11 1506 EAGLE MOUNTAIN DRIVE, Coquitlam, BC

Beautiful 4 bedroom 2.5 bath 2400SF townhouse in the Gated Complex, located on Westwood Plateau. Walk to public transit, schools & shopping. Great neighbourhood, kids-friendly. FEELS LIKE A HOUSE.

As always please do not hesitate to give me a call at 604-377-6015 if you would like to book a private showing.

David Valente
Royal LePage Sussex

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Westwood Plateau Open House! http://www.davidvalente.com/Blog.php/westwood-plateau-open-house-2 Fri, 24 Nov 2017 18:45:27 -0800 David Valente Listings http://www.davidvalente.com/Blog.php/westwood-plateau-open-house-2 We are proud to announce that this Nov 26th, 12:00 PM to 2:00 PM we will be hosting an Open House at 1506 EAGLE MOUNTAIN DRIVE in the Westwood Plateau neighborhood, Coquitlam. This is an opportunity to visit this excellent Townhouse for sale in beautiful Westwood Plateau.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Westwood Plateau Townhouse for sale.

As always please do not hesitate to give me a call at 604-377-6015 if I can answer any questions before the open house, or if you would like to book a private showing.

David Valente
Royal LePage Sussex

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#29 1506 EAGLE MOUNTAIN DRIVE, Coquitlam, BC http://www.davidvalente.com/Blog.php/29-1506-eagle-mountain-drive-coquitlam-bc Fri, 24 Nov 2017 18:31:32 -0800 David Valente Listings http://www.davidvalente.com/Blog.php/29-1506-eagle-mountain-drive-coquitlam-bc I just finished uploading this Townhouse for sale, #29 1506 EAGLE MOUNTAIN DRIVE, Coquitlam, BC

Luxury & security in this well cared for, owner occupied gated townhouse complex in Westwood Plateau. Simply stunning with gorgeous & stylish renos throughout. The chef's kitchen has upgraded birch cupboards, granite countertops & designer a backsplash, ideal for entertaining. New Washer/Dryer in the laundry room. This flexible bright home has 3 beds up. Pamper yourself in the master bedroom, boasting 15' ceilings, a spa style ensuite, separate shower & soaker tub. Entertain in your fully fenced, south facing back yard with private views towards green space. Possibly the best yard in the complex. Bonus is easy access crawl for all your storage needs. Walk to public transit, schools, shopping. *1st showing at Open House Sun Nov 26th 12 (noon) to 2pm. **Offers Friday Nov 1st 6:30pm.

As always please do not hesitate to give me a call at 604-377-6015 if you would like to book a private showing.

David Valente
Royal LePage Sussex

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Central Lonsdale Open House! http://www.davidvalente.com/Blog.php/central-lonsdale-open-house-2 Sun, 19 Nov 2017 13:00:41 -0800 David Valente Listings http://www.davidvalente.com/Blog.php/central-lonsdale-open-house-2 We are proud to announce that this Nov 19th, 2:00 PM to 4:00 PM we will be hosting an Open House at 1550 CHESTERFIELD AVENUE in The Chesters in the Central Lonsdale neighborhood, North Vancouver BC. This is an opportunity to visit this excellent Condo for sale in beautiful Central Lonsdale.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Central Lonsdale Condo for sale.

As always please do not hesitate to give me a call at 604-377-6015 if I can answer any questions before the open house, or if you would like to book a private showing.

David Valente
Royal LePage Sussex

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#102 1550 CHESTERFIELD AVENUE, North Vancouver BC, BC http://www.davidvalente.com/Blog.php/102-1550-chesterfield-avenue-north-vancouver-bc-bc Tue, 14 Nov 2017 11:03:37 -0800 David Valente Listings http://www.davidvalente.com/Blog.php/102-1550-chesterfield-avenue-north-vancouver-bc-bc I just finished uploading this Condo for sale, #102 1550 CHESTERFIELD AVENUE, North Vancouver BC, BC

Sensational location in the heart of Central Lonsdale. One of the best garden level condos in the area. Situated on the quiet south-east corner of the building. This home has lots of natural light with large picture windows. Entertain, BBQ, or relax on the completely private patio while enjoying the manicured lawn, garden & fenced yard. Excellent floor plan offers 667sq/ft of comfortable living space. Tastefully updated & features a newly renovated bathroom. Secured parking, large storage locker & shared laundry. Well run building. Strata approved 'cosmetic' upgrades will include a new lobby & elevator. Sought after & only steps to shopping, restaurants & much more! *Open House Sat & Sun 2-4pm. **Offers Tues Nov 21st at 6pm.

As always please do not hesitate to give me a call at 604-377-6015 if you would like to book a private showing.

David Valente
Royal LePage Sussex

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My November 2017 Market Newsletter & REBGV Stats Package http://www.davidvalente.com/Blog.php/my-november-2017-market-newsletter-rebgv-stats-package Tue, 07 Nov 2017 11:23:24 -0800 David Valente General http://www.davidvalente.com/Blog.php/my-november-2017-market-newsletter-rebgv-stats-package Download the Complete Report:
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October sales exceed historical average

Metro Vancouver home sales exceeded typical historical levels in October with the majority concentrated in the townhouse and apartment markets.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,022 in October 2017, a 35.3 per cent increase from the 2,233 sales recorded in October 2016, and an increase of 7.1 per cent compared to September 2017 when 2,821 homes sold.

Last month’s sales were 15 per cent above the 10-year October sales average.

“Conditions continue to vary significantly based on property type. The detached home market is well supplied with homes for sale, which is relieving pressure on prices,” Jill Oudil, REBGV president said. “It remains a much different story in the townhouse and apartment markets. Buyers of these properties continue to have limited supply to choose from and are seeing upward pressure on prices.”

There were 4,539 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2017. This represents a 14 per cent increase compared to the 3,981 homes listed in October 2016 and a 15.6 per cent decrease compared to September 2017 when 5,375 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,137, a 0.1 per cent decrease compared to October 2016 (9,143) and a 3.5 per cent decrease compared to September 2017 (9,466).

For all property types, the sales-to-active listings ratio for October 2017 is 33.1 per cent. By property type, the ratio is 16.8 per cent for detached homes, 44.8 per cent for townhomes, and 66 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“The growth in our provincial economy and job market is contributing to today’s demand,” Oudil said. “The federal government’s announcement of plans to tighten mortgage requirements for the seventh time in the last eight years also helped spur activity in the short term. Many buyers are trying to enter the market before the changes are in place.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,042,300. This represents a 12.4 per cent increase over October 2016 and a 0.5 per cent increase compared to September 2017.

Sales of detached properties in October 2017 reached 940, a 44.2 per cent increase from the 652 detached sales recorded in October 2016 and a 34.6 per cent decrease from the 1,437 sales in October 2015. The benchmark price for detached properties is $1,609,600. This represents a four per cent increase from October 2016 and a 0.5 per cent decrease compared to September 2017.

Sales of apartment properties reached 1,532 in October 2017, a 30.1 per cent increase compared to the 1,178 sales in October 2016 and a 0.7 per cent decrease from the 1,543 sales in October 2015. The benchmark price of an apartment property is $642,000. This represents a 22.7 per cent increase from October 2016 and a one per cent increase compared to September 2017.

Attached property sales in October 2017 totalled 550, a 36.5 per cent increase compared to the 403 sales in October 2016 and a 17.4 per cent decrease from the 666 sales in October 2015. The benchmark price of an attached unit is $802,400. This represents a 17.7 per cent increase from October 2016 and a two per cent increase compared to September 2017.

Buying or Selling Real Estate? Contact David Valente 604-377-6015

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Collingwood Open House! http://www.davidvalente.com/Blog.php/collingwood-open-house Thu, 02 Nov 2017 10:03:51 -0700 David Valente Listings http://www.davidvalente.com/Blog.php/collingwood-open-house We are proud to announce that this Nov 4th, 2:00 PM to 4:00 PM we will be hosting an Open House at 3455 ASCOT PLACE in Queen's Court in the Collingwood neighborhood, East Vancouver. This is an opportunity to visit this excellent Condo for sale in beautiful Collingwood.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Collingwood Condo for sale.

As always please do not hesitate to give me a call at 604-377-6015 if I can answer any questions before the open house, or if you would like to book a private showing.

David Valente
Royal LePage Sussex

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#1110 3455 ASCOT PLACE, East Vancouver, BC http://www.davidvalente.com/Blog.php/1110-3455-ascot-place-east-vancouver-bc Wed, 01 Nov 2017 11:35:17 -0700 David Valente Listings http://www.davidvalente.com/Blog.php/1110-3455-ascot-place-east-vancouver-bc I just finished uploading this Condo for sale, #1110 3455 ASCOT PLACE, East Vancouver, BC

Spectacular 11th floor views stretching from Metrotown, the North Shore Mountains & towards Downtown Vancouver. This jr 2 bedroom unit has a great layout and includes; new carpets, new kitchen appliances & new painted throughout. Investor… No rental restrictions. Moving in… renovate further with your choice of finishings & take this condo to the next level. Shared laundry. One parking & one large storage locker. Close to Schools, Parks, steps to Joyce Skytrain, Transit, Restaurants, Shop & so much more. Sensational opportunity here! *OPEN HOUSE Sat Nov 4th 2-4pm. **Offers by email 12 (noon) Wed Nov 8th.

As always please do not hesitate to give me a call at 604-377-6015 if you would like to book a private showing.

David Valente
Royal LePage Sussex

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Northlands Open House! http://www.davidvalente.com/Blog.php/northlands-open-house-5 Wed, 25 Oct 2017 13:29:24 -0700 David Valente Listings http://www.davidvalente.com/Blog.php/northlands-open-house-5 We are proud to announce that this Oct 28th, 2:00 PM to 4:00 PM we will be hosting an Open House at 3690 BANFF COURT in Parkgate Manor in the Northlands neighborhood, North Vancouver. This is an opportunity to visit this excellent Condo for sale in beautiful Northlands.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Northlands Condo for sale.

As always please do not hesitate to give me a call at 604-377-6015 if I can answer any questions before the open house, or if you would like to book a private showing.

David Valente
Royal LePage Sussex

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#106 3690 BANFF COURT, North Vancouver, BC http://www.davidvalente.com/Blog.php/106-3690-banff-court-north-vancouver-bc-1 Tue, 24 Oct 2017 13:03:10 -0700 David Valente Listings http://www.davidvalente.com/Blog.php/106-3690-banff-court-north-vancouver-bc-1 I just finished uploading this Condo for sale, #106 3690 BANFF COURT, North Vancouver, BC

A rare opportunity! This stunning garden level suite steps onto a private, spacious patio at the quiet forest side of Parkgate Manor. The extremely well managed complex is located at the end of a cul-de-sac. A bright, well cared for home with loads of windows and a great floorplan. Featuring a comfortable living room with cozy gas fireplace, dining room that welcomes house size furniture, a functional kitchen with a huge eating area that can include an office or den. The grand master bedroom could incorporate a sitting area and has a large ensuite with soaker tub. The second bedroom also fits larger furniture. Located across the street from Parkgate Mall, Shopping, Rec Centre, Library & Restaurants. Only steps away from trails, parks and more. 2 waterfront parks 5 mins away!

As always please do not hesitate to give me a call at 604-377-6015 if you would like to book a private showing.

David Valente
Royal LePage Sussex

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