With a large fenced southwest facing yard with full garden, greenhouse, stone patio and lawn surrounded by trees. Private and leafy outlook from every window with Kensington Park across the street. Dining, living, kitchen, laundry, gas fireplace and two piece bath on the main, with two large bedrooms and full bath upstairs. The huge master features vaulted ceilings, window seat, two closets and full view of the park. Hardwood on the main, new carpet upstairs. Nearby schools: Capitol Hill and Burnaby North High.
May's sales were almost 20% below the 10 year May sales average. Home buyer demand continues to decline across the Metro Vancouver housing market. Although the number of homes available for sale is rising, supply is still below longterm historical averages.
“For home sellers to be successful in today’s market, it’s important to price your property competitively given the shifting dynamics we’re experiencing,” Phil Moore, REBGV president.
Benchmark prices in May 2018 per area, by property type:
July stats in Metro Vancouver show fewer home sales but more listings, benchmark price historically tops $1,000,000
July 2017 saw a decline of 8.2% in residential sales in comparison to July 2016, and a decline by 24% from the previous month! Because of this decrease in sales, we are seeing an increase of selection for buyers. Detached, single-family homes are still on the decline while condos and townhouses are taking half the time on average to sell. You still see some detached homes selling quickly from multiple offers in certain areas depending on where, how much, and what condition they are in, but his is not a consistant trend as of late. Strata units, however, are still going strong. The benchmark price for all residential properties in Metro Vancouver is currently $1,019,400, surpassing $1,000,000 for the first time ever. Specifically, Apartments in the Greater Vancouver are averaging $616,000 and Townhouses are at $763,000 whereas detached homes are sitting at $1.6 million.