Over the past three months the choice of inventory combined with the initial “HST” scare have left buyers with more choices and finally the opportunity to negotiate.
“Greater Vancouver totaled 2,220 in September 2010. This represents a 0.8 per cent increase compared to August 2010 and 37.6 per cent decline from the 3,559 sales in September 2009.
In comparison, last month’s residential sales represent a 40.1 per cent increase over the 1,585 residential sales in September 2008, a 20 per cent decline compared to September 2007’s 2,776 sales, and an 11.9 per cent decline compared to September 2006’s 2,519 sales.
“We’ve seen fewer properties coming on to the market over the last three months. This trend, combined with the continued attraction of low interest rates, is likely having the effect of less downward pressure on home prices,” Jake Moldowan, REBGV president said."
The beginning of 2010 had plenty of pressure on prices rising, with very limited inventory, strong buyer demand, low interest rates, and the remaining hustle in the local economy from the 2010 Olympics. After March-April 2010, we saw plenty of new listings Downtown come to the market at very high pricing, slowing the remaining demand. Since June 2010, new listings must come out at reasonable prices in order to get any showings. Buyers are slightly less hot to act, as there are a few choices. Within the condo and loft market, some prices have cooled off about 3-5% since early 2010, but still unique properties have held their value well throughout the entire year. With average standard condos in Downtown we have seen some sales prices up to 10% off since early 2010/late 2009.
Remember, HST only affects brand new properties that have never been lived in, and real estate transaction fees. HST does not get applied to homes that have been lived in already.
For more information on what your property is worth, or what buying opportunities are available, feel free to contact me, Paul Albrighton 604 315 5574, email@example.com
Statistics from the Real Estate Board of Greater Vancouver, and Albrighton property sales.
Unique live/work loft at 2001 Wall St. 943 sq.ft. listed at $379,000.
ARE YOU PLANNING ON SELLING YOUR LOFT?
If you are planning on selling your loft, we would be glad to help. Our advanced marketing plan, network of loft cilents, and level of service make the process simple for you. We get the property properly marketed in front of the right audience right away. Contact Paul Albrighton for more information about selling your loft in today's market.
Above: Living area with custom wide-plank fir hardwood flooring.
OPEN HOUSE Saturday Oct 23, 1:30pm - 3:00pm. Welcome to your "Country Style" loft at "The Workshop". This architecturally beautiful customized two bedroom, two bathroom loft offers approx 1530 sq.ft. of bright warm living space. All in a rarely available corner unit with beautiful city and mountain views. The one-of-a-kind home has been finished with the finest materials. Some special features include: natural fir wood beams and posts, rod-iron railing, a "see-through glass" loft office, a large chefs kitchen with a professional range and hood, wide-plank custom hardwood flooring, gas fireplace, heated slate flooring in the main bathroom, solar reduction windows, and double insulated walls. Many customized storage spaces and built-ins offering plenty of flexibility.
Above: Cutting Edge Glass floor in the upper loft area can withstand over 1000 lbs, allowing light to shine into the lower level.
Above: Western views to the Mountains and Downtown Vancouver.
Welcome to your "Country Style" loft at "The Workshop". This architecturally beautiful customized two bedroom, two bathroom loft offers approx 1530 sq.ft. of bright warm living space. All in a rarely available corner unit with beautiful city and mountain views. The one-of-a-kind home has been finished with the finest materials. Some special features include: natural fir wood beams and posts, rod-iron railing, a "see-through glass" loft office, a large chefs kitchen with a professional range and hood, wide-plank custom hardwood flooring, gas fireplace, heated slate flooring in the main bathroom, solar reduction windows, and double insulated walls. Many customized storage spaces and built-ins offering plenty of flexibility.
JUST SOLD LOFT 320 55 EAST CORDOVA ST - KORET LOFTS
Listed by Dexter Associates Reatly. Historic Gastown Live/Work Loft in Heritage building. Open-concept living with exposed brick, 10' ceilings and post/beam interiors. Approx 830 sq.ft. Very New York-style design with spa bathroom, maple cabinets. The unit comes with polished concrete floors, Bosch dishwasher, AEG gas cooktop and customized upgrades. Leased parking is included off-site nearby. A popular area with lots of dining, shopping and improvements. A cool neighbourhood and a nice place to come home to. Shows well. # 320 55 E CORDOVA ST, Vancouver. Listed price was $390,000.
ABOVE: The metal and concrete siding of Cannery Row
This industrial style loft gives you the true loft experience. There are no "condo" gimmicks with this property, just open space and lots of concrete. Located near the Port outside of of Ralitown, this solid built two level loft gives you plenty of flexiblity for your living or live/work ideas. Upstairs has plenty of room for a master bedroom, walk-in den/closet, and either a work area or second bedroom. See the floor plan here.
ABOVE: Looking down from the loft over the concrete wall, onto the polished floors
ABOVE: Cannery Row has a green open courtyard between the "rows" of lofts. This building has a great community feeling.
This video shows stills, panormas of our new listing at #1901 1710 Bayshore Drive. This unique floor plan offers an efficient layout and great use of 1244 sq.ft. Featuring two balconies, 9' cielings, hardwood floors, custom tiled master bathroom, high-grade carpeted bedrooms, and clean contemporary lines. See more infomration about this property, by click here.
This video shows views from the West facing balcony, over to Coal Harbour and Stanley park.
Welcome to your spacious live/work loft at "Cannery Row". This top floor loft features approximately 940+ sq.ft. spread over two open concept levels. Unique features include; custom staircase, tiled kitchen, built-in custom dining table/bench setup, polished concrete floors on the main level, double height windows, and a spacious upstairs area big enough for two bedrooms. This penthouse suite is very quiet and solid with concrete exterior walls, and has plenty of potential for your ideas. Enjoy the large open space and flexibility this property offers. Rental and pets are welcome. This unique loft also includes one parking stall.
Welcome to your oasis in the city. This beautiful seaside resdience has been completley redesigned to give you a grand feeling from the 19th floor. Enjoy the Panoramic South West views of English Bay and Downtown from the 200 sq.ft. of outdoor space. Generous style living space with large bedrooms spread over 1244 sq.ft. Numerous updates include hardwood floors, custom tilework, and designer pot-light lighting.
From the patio enjoy beautiful North West views of Coal Harbour, Stanley Park and the Mountians.
A fully equipped master suite features 3 closets, and a spa-like European tiled bathroom with a soaker tub and walk in shower. Units at 1710 Bayshore Drive offers plenty of luxurious including: air-conditioning, 2 parking stalls, visitor parking, concierge, gym, and a library/meeting room. NOW OFFERED at $999,000.
Listed by Sunstar Realty - sold by Macdonald Realty Ltd Paul Albrighton. The Grafton. Unique Yaletown loft Historic style building. Beautiful and large 1 bedroom with lots of space in this concrete steel and brick constructed 5 story low rise. Home features N exposure over Homer Street, stunning gas fireplace, Laminated hardwood floor throughout; extra large bedroom, large and open kitchen, large eating bar area from kitchen, built in surround sound wiring. Extra large bathroom with ensuite laundry. All measurements are approximate.