Blog › April 2013

Uptown Vancouver Blog

New Listing 112 - 3150 Prince Edward Street, Vancouver, British Columbia

V1003003 - 112 - 3150 Prince Edward Street, Vancouver, British Columbia, CANADAView my new listing for sale SOLD at 112 - 3150 Prince Edward Street, Vancouver and currently listed at $299,500.SOLD

Currently rented at $1,575/month furnished, this completely renovated, bright garden lvl suite makes for a wonderful home/investment. Located in the vibrant Uptown Main St. area, this Bosa building has a newer roof, pipes & landscaping. This suite has wide plank Maple wood flooring, new baseboards, paint and all new light fixtures. The kitchen boasts granite CTs, glass backsplash, zero radius sink, new cabinets & fixtures along with ss apps. The bathroom has been completely redone & retiled including solid wood cabinets and modern rain shower head fixtures. Have year round BBQ's on your large 150 sq.ft partially covered patio or cozy up to your remodeled gas fireplace at night. It comes with 1 prkg and 1 lkr and close to buses.

Inventory Levels are Down

 

End of March 2013 Vancouver Real Estate Stats

Vancouver real estate inventory numbers

 

Attached below are the Sales and Listings Stats updated to the end of March 2013. March saw the real estate market blooming, becoming stronger and more balanced. In most market areas, the number of properties sold was higher than they have been since last spring and summer. The number of new listings coming on market continues to be at below average levels. For Greater Vancouver, new listings in March 2013 were down 16% to March 2012 and down 38% to March 2011. With fewer properties to choose from, Buyer engagement is improving. While still conscious of price, there is a realization that new listings priced at today’s prices are moving quicker than we have seen.

Here’s a summary of the numbers:

Greater Vancouver: Total Units Sold in March 2013 was 2,373 – up from 1,822 in February 2013 down from 2,919 in March 2012; New Listings in March 2013 were down 16% to March 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 9 (Balanced Market).

 

Vancouver Westside Houses: Total Units Sold in March 2013 was 151 – up from 104 in February 2013 close to 152 in March 2012; New Listings in March 2013 were down 18% to March 2012; Month’s Supply of Total Residential Listings is down to 6 Months from 9 (Balanced Market).

Vancouver Westside Condos: Total Units Sold in March 2013 was 324 – up from 253 in February 2013 down from 394 in March 2012; New Listings in March 2013 were down 18% to March 2012; Month’s Supply of Total Residential Listings is down to 5 Months from 7 (Balanced Market).

Vancouver Eastside Houses: Total Units Sold in March 2013 was 94 – up from 77 in February 2013 down from 155 in March 2012; New Listings in March 2013 were down 23% to March 2012; Month’s Supply of Total Residential Listings is down to 6 Months from 7 (Balanced Market).

Vancouver Eastside Condos: Total Units Sold in March 2013 was 99 – up from 67 in February 2013 down from 138 in March 2012; New Listings in March 2013 were down 30% to March 2012; Month’s Supply of Total Residential Listings is down to 5 Months from 7 (Balanced Market).

North Vancouver Houses: Total Units Sold in March 2013 was 113 – up from 76 in February 2013 down from 121 in March 2012; New Listings in March 2013 were down 5% to March 2012; Month’s Supply of Total Residential Listings is down to 4 Months from 5 (Becoming Buyer’s Market).

North Vancouver Condos: Total Units Sold in March 2013 was 62 – up from 52 in February 2013 down from 91 in March 2012; New Listings in March 2013 were down 16% to March 2012; Month’s Supply of Total Residential Listings is flat at 7 (Balanced Market).

West Vancouver Houses: Total Units Sold in March 2013 was 58 – up from 31 in February 2013 down from 78 in March 2012; New Listings in March 2013 were down 11% to March 2012; Month’s Supply of Total Residential Listings is down to 9 Months from 16 (Balanced Market).

Richmond Houses : Total Units Sold in March 2013 was 89 – flat to 89 in February 2013 down from 104 in March 2012; New Listings in March 2013 were down 31% to March 2012; Month’s Supply of Total Residential Listings is flat at 10 (Balanced Market).

Richmond Condos: Total Units Sold in March 2013 was 117 – up from 80 in February 2013 flat to 118 in March 2012; New Listings in March 2013 were down 20% to March 2012; Month’s Supply of Total Residential Listings is down to 7 Months from 10 (Balanced Market).

Sales and Listing Stats by Area

Sales and Listings Stats by Type (condo, townhouse, house)


Recently Sold Listing 426 E 20TH AV, Vancouver, BC

V997384 - 426 E 20TH AV, Vancouver, British Columbia, CANADAI have just recently sold this listing at 426 E 20TH AV, Vancouver.

New Listing # 305 1333 W 7TH AV, Vancouver, BC

V999030 - 305 - 1333 W 7th Ave, Vancouver, British Columbia, CANADAView my new listing for sale at 305 - 1333 W 7th Ave, Vancouver and currently listed at 449900.

GREAT VALUE! This well laid out 2 bedroom, 2 bathroom with city & mountain views is the perfect balance of space, location, and lifestyle. Enjoy the convenience of living on a bike route and within walking distance of everything you need; Granville Island, Broadway shopping, transit, restaurants, seawall, False Creek, Downtown, etc. Couple that with the piece of mind of a rainscreened building (under warranty) and an airy, quiet, freshly painted unit with new laminate floors and you've got an amazing combination. And there's more... 2 parking, 1 locker, and huge bike room make this property a must see! Open House Sat/Sun April 6/7 2-4pm.