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As a licensed realtor and certified real estate appraiser, I offer both buyers and sellers confidence that their transaction will be handled with discretion, thoroughness and care.
Please contact me for a reliable estimate of value of your property, a careful pricing and sales strategy, and an informed analysis of your Vancouver real estate options.
(604) 729 2961
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VANCOUVER REAL ESTATE REVIEW
Q1 2012 (JANUARY TO MARCH 2012)
Highlights:
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Demand for value is starting to emerge with greatest strength in Vancouver East and North Vancouver. An impressive THIRTY NINE percent (39%) (VanEast) and THIRTY THREE (33%) percent (NorthVan) of all first quarter sales sold at or above list price.
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Vancouver Westside and West Vancouver experiencing solid interest with 28 percent and 22 percent of area sales repectively at or above list.
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Market performance is highly localised in the strongest areas with neighbourhoods such as Mackenzie Heights on the Westside and Ambleside in West Vancouver outperforming other neighbourhoods
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In North Vancouver, SEVENTY-ONE (71%) percent of sales in Capilano/Capilano Highlands sold at or above list;
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In Vancouver East, SIXTY-SIX (66%) percent of sales in FRASER sold at or above list.
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This would appear to confirm anecdotal reports of overflow from the higher end districts into nearby neighbourhoods offering similar features but better value;
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MEAN SALE PRICES:
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Vancouver West: $2,495,000 with sales price per square foot mean of $813, to a high of $3053;
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Vancouver East: $921,000 with a sales price per square foot of $440 to a high of $1550;
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West Vancouver: $2,352,000 with a sales price per square foot mean of $651 to a high $2039;
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North Vancouver: $1,086,000 with a sales price per square foot mean of $439 to a high of $1157.
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HIGHEST Q1 PUBLIC SALE:
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4803 Belmont Avenue
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ASK: $25 mln
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SALE: $19.8 mln in 97 days
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SECOND HIGHEST SALE:
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3287 Point Grey Road
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ASK: $14.2 mln
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SALE: $14.2 mln in 16 days
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LOWEST Q1 SALE
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$550,000
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1432 East 41st Avenue (1 day)
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1294 East 49th Avenue (1 day)
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3446 Napier Street (24 days)
Please email sdavison@sdavison.net for a full copy of the review, with a request for a specific neighbourhood breakdown.
BUILDERS & DEVELOPERS:
1. DOUBLE, SIDE-BY-SIDE, 33 FOOT FRONT DUPLEX LOT EAST VANCOUVER AVAILABLE NOW.
2. SINGLE, 33 FOOT FRONT DUPLEX LOT EAST VANCOUVER, BUSY STREET, AVAILABLE NOW.
3. 66 FOOT SUBDIVIDED (DOUBLE) WEST VANCOUVER LOT, POSSIBLE AVAILABILITY TO MOTIVATED BUYERS.
4. IMMEDIATE PURCHASERS ARE ACTIVELY SEEKING 60 FOOT FRONT DUPLEX LOTS, BURNABY. METROTOWN PREFERRED.
(BUYER AGENCY RELATIONSHIP AND CONFIDENTIALITY AGREEMENT REQUIRED).
(604) 729 2961
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