David Setton
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Posted in Coal Harbour, Vancouver West Real Estate
Property Photo: 401 1499 PENDER ST W in Vancouver
Please visit our Open House at 401 1499 PENDER ST W in Vancouver.
Open House on Sunday, November 16, 2014 2:00 pm - 4:00 pm
Very rare 3 bedroom home at the award winning West Pender Place. Lots of natural light graces this luxury open concept corner unit. A huge 250 square ft deck brings your indoor space to the outside world, making this home feel even larger.The kitchen was made for the chef in you: Italian cabinets by Dada, only the best Sub-Zero fridge, Gaggenau appliances & even a wine fridge. Enjoy privacy in this exclusively designed building with only 4 units per floor. Your 2 years new home is energy efficient with geothermal heating & cooling. Enjoy a wealth of amenities including an indoor pool, roof garden, BBQ area, a private sauna/steam room, gym, party room with pool table. 24 hr concierge! 1 locker. 2 Parking stalls! Pet friendly.
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Posted in Answers in Real Estate, best time to sell a home in vancouver, david setton, single family market, vancouver westside real estate

Download your own Statistics Package by clicking here: https://davidsetton.com/market-updates.html

Dispel a myth. Is it bad to sell a home in the winter months in Vancouver?

- answer - definitely not!

- sellers think that people go on vacation at this time.

- when looking at the stats these individuals couldn’t be more wrong

- last year in December 2013 we saw prices in the Vancouver Westside Single Family peak and we are seeing the same trend this year.

- reason is simple economics.

- less homes are on the market

- supply drops and prices go up

- in Dec 2013 Westside single family home inventory dropped to only 525 homes and prices peaked at avg of $2.468M

- we are seeing the same trend this year.

- inventory is starting to fall again and prices are jumping up.

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Posted in answers in real estate, David Setton, Single Family Market Update, Vancouver Westside

Download your owns statistics package specific to your community and price point here: 

https://davidsetton.com/market-updates.html

 


What’s hot What’s Not – Vancouver Westside – Single Family for Nov 2014

We are officially in a seller’s market - Prices are holding steady. Avg price last mo. $2.517M dn slightly from Aug $2.320M and 154 / 715 sold.  -Haven’t seen prices high since Feb.

-inventory looks like it is continuing to drop up pressure on pricing.


What’s Hot (21% or more for a SR)

- Dunbar - remains hot – 39% SR – 31 / 79

- Kitsilano - 37% - 10 / 27

- Mac Heights - 30% 9 / 30

- $1.5M - $1.75M - 83% SR smok 20 / 24 sold

- $2M - $2.25M - lots of act. 19 / 38 - 50% SR


What’s not hot (14% or less for a SR)

- high end luxury market still very cool

- $4.5M - $5.0M - 9% with 4 / 46 sold

- $5M+ lots of inventory 4 / 126 -4% SR

- Shaughnessy - 6 / 83 - 7% SR

- Marpole - 5 / 51 - 10% SR


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