David's thoughts on anything real estate related

Get your own website to view sold homes here  

I have many photographs of the sold homes dispersed throughout the video.

What’s selling in the Vancouver Kitsilano Single Family Market? 28% of the homes sold in Kitsilano last month. Seller’s market is defined as 21%.

Five homes sold in Kitsilano last month. The most expensive home sold for $7.25M.  This would have bought you a 31 year old, 1,9164 sqft home, on Point Grey Road. Believe it or not this was only a 1 bedroom home and the lot was only 33 foot wide by 100 foot deep. This home sold for $4.7M eleven years ago..

The least expensive home sold for $2.15M.  This would have bought you a 81 year old home on the corner of Balaclava St and 8th Avenue on a 33 foot by 110 foot deep lot. This lot is zoned RT-7 which allows for a multifamily development.  

So where is the market heading? Still have very little inventory. Less than 400 homes available on the Westside. Interest rates are still at record lows. Even with Covid 19, if interest rates stay low and inventory stays low we should see single family home prices continue to rise. Even with all the pressure on home prices, we are still not seeing the sold prices that we saw when the market peaked in 2017. We are close, but not quite there yet.

If you like to take a look at all the sales in Kitsilano in more detail feel free to connect with me on instagram or Youtube or send me an email.

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We all love to collect things and we all love the knickknacks in our homes.

There are three aspects of interior design that I would like to talk about today and the first addresses this love of collecting knickknacks.

1. Less is More

We live in a time where it is very easy to accumulate many different things we value. The challenge with an interesting and inviting space is to actually have less. Try to group knickknacks and wall art in arrangements that are interesting to the eye and try your best to create focal points when you enter the room.  For example in a bedroom the focal point could be the bed headboard wall. You may want to think about an interesting piece of artwork that coordinates well with the bed cover and bed cushions.

2. Furniture Arrangement

The way Furniture is arranged in a room can be very powerful. Furniture can be either used to divide a room or open the room up completely. For example you may want to think about placing a large couch against the wall to make a room feel more open or if the goal is to divide the and define the room float the couch in the middle of the room.  Make sure to use area rugs with hardwood floors to help define the space in great rooms.

3. Colour

Let’s talk about colour. Colour can be neutral or very bold depending on your taste and the look you are going for.  Accent walls can create a focal point when you enter a room.  Going back to the bedroom example you may consider painting the bed headboard wall a darker bold colour to draw your eye to that particular wall. Light or off-white walls will make a room feel larger and more open. Same when it comes to floor colour.  Dark stained hardwood floors will make a room feel smaller than light maple hardwood floors. Be careful with changing the floor finish between spaces in a great room.  This can affect the flow of the room. Everytime the floor finish changes for example from tile to hardwood it can divide a space and make it feel smaller.

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More about David Setton Here

1 De-Clutter

An easy way to get your home ready for showings and open houses is to pack up all the clutter you have and get it stored away. Anything that's sitting on a flat surface, like a countertop or table, should be packed away. Additionally, you should also put away anything you don't use frequently, give away things you don't need, throw away anything that can't be donated, and keep only what you really like and need to take with you when you move.

2) Get Your House Sparkling

It is important to have immaculate floors and sparkling windows when you're trying to sell your house. Equally important and something you should also consider, is scrubbing the grout, cleaning counters, and every surface in your home so it as clean and nice looking as possible. Cleaning is the least expensive way to make your home look great and help buyers see the potential in it. If you have a big house or aren't the most fastidious housekeeper, you may want to hire a professional. Don't scrimp on the cleaning, though. It's a very important step.

3) Half Empty Closets

Every home buyer is looking for storage, and it's almost impossible to have too much of it. Take at least half of your things out of the closets and drawers of your home, and then take the time to organize what's left in them. Buyers are going to snoop, and you don't want them to see crowded, overstuffed closets, and drawers. This can give the impression that there's not enough room in the house and/or that you have a lot of clutter. You want to give the impression that everything is neat and tidy. If buyers see that you're messy, they may think you don't take good care of your home.

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