Just SOLD by Stu! 504-160 W 3rd The Envy!

The Envy on 3rd & Chesterfield in Up and Coming Lower Lonsdale is one of the finest constructed Boutique Concrete constructed mid-rise developments in The World. Featuring state of the art Silver Leed Certification this environmentally friendly building is energy efficient with state of the art radiant heating and cooling systems and maximizes in sustainability from the materials used to the design and construction techniques implemented. I am proud to present this forward thinking opportunity for savvy Real Estate Investors that is a glimpse of future development standards in a time when few developers are willing to spend the premium construction budget to create a premium product. With seven stories and only 50 exclusive units the floorplans and finishing in The Envy will satisfy the most discerning of Buyers. Clean, open, top of the line finishings and fixtures, New Home Warranty, gorgeous Mountain Views, and steps from all amenities. Quality, design, and innovation integrate flawlessly at the Award Winning Envy in North Vancouver.

Just SOLD by Stu! 805- 168 E Esplande The Pier

This Waterfront address at The Trendy and Impressive Pier Development by Pinnacle brings a Bright and Open 1 bedroom luxury apartment with an efficient floorplan and exquisite finishing. 9 ft cielings, insuite laundry, granite countertops, walk through closet, oversized patio with Water, Mountain, and City views, perfect for the BBQ and a tranquil retreat to unwind, as well as hardwood floors, garberator, A/C, stainless steel appliances, large storage locker, and parking stall. Enjoy exclusive access to the 5 Star Resort Amenities at The Pinnacle Hotel including restaurant and bar, world class gym, yoga and spin class studio, 80 ft lap pool, jacuzzi with a panoramic view of Downtown Vancouver, large patio with stunning view, steam, sauna, and entertainment room. Steps to thriving Lower Lonsdale including IGA Marketplace, BCL, Banks, Starbucks and Blenz, Tim Hortons, The Seabus, The Bus Loop, Restaurants, Parks, and more! Enjoy your lifestyle and invest in a transforming waterfront community on The Picturesque Landscape of Vancouver's World Renowned North Shore, where Mountains meet Water, and Kitsilano meets Yaletown for a unique and attractive place to call home.

Just Sold by Stu! 1608 1238 Richards St Vancouver BC

Posh Yaletown living in the exclusive and very well constructed Metropolis at 1238 Richards. This open, contemporary, and architecturally significant 850 sq ft Loft is unlike any typical 1 level Vancouver condo. This elegant Lifestyle choice boasts an outdoor patio for the BBQ, 20 ft ceilings with grand Floor to Ceiling Windows, stunning panoramic views overlooking trendy Yaletown and serene False Creek, and an ideal location at Richards and Davie above Choices Market, across from Parks, steps to fine dining and Yaletown's nightlife, hot coffee spots, and the New Yaletown Canada Line! This rare Loft has it all. 1 bedroom with 2nd Bedroom or Office, 1 bath, hardwood flooring, 1 big parking stall, secure storage locker, updated Grand Lobby, World Class gym, and relaxing spa with yoga studio and swirlpool.

Proudly Sold for $495,000.

Just SOLD by Stu! 1103- 788 Hamilton Vancouver BC

This Open and Spacious 2 bedroom, corner unit home in the New TV Towers by Concord Pacific is located in the heart of Downtown Vancouver at Hamilton and Robson. Steps to Yaletown, Robson, Crosstown, and Gastown shopping, dining, and entertainment! This 874 sq ft, bright South West exposure suite features floor to ceiling windows throughout and a large open plan living room, dining, and kitchen area. Professionally upgraded after completion with Brazilian Cherry Hardwood floors and granite counter tops, this suite is in move in condition. The two bedrooms are completely separate for privacy and there is a large den/flex space/storage room. The large balcony has a south western exposure and is perfect for BBQing. Architecturally significant curved windows around the statement concrete pillar in the living room add style and character to this one-of-a-kind find. Resort Style Amenities, theater, games room, meeting room, and Full Time Concierge complete this package and await you to Live the Elegant and Convenient Lifestyle you desire.

Proudly Sold for $525,000.

March Real Estate Statistics for Greater Vancouver

April 6, 2010

REBGV Stats

Home listings rise to start the spring season

A steady influx of new listings has helped create a balanced ‘typical spring’ housing market in the Greater Vancouver region.

The Real Estate Board of Greater Vancouver (REBGV) reports that new listings for detached, attached and apartment properties in Greater Vancouver totalled 7,004 in March 2010. This represents a 60 per cent increase compared to March 2009 when 4,385 new units were listed, and a 52.1 per cent increase compared to February 2010 when 4,606 properties were listed on the Multiple Listing Service® (MLS®).

At 13,538, the total number of property listings on the Multiple Listing Service (MLS®) increased 19 per cent in March compared to last month, but remains 7.6 per cent below this time last year.

“The total number of homes listed for sale on our MLS® is at its highest level in 10 months, which translates into more options and variety for those looking to buy during the traditionally busy spring period,” Jake Moldowan, REBGV president said.

Residential property sales in Greater Vancouver reached 3,137 in March 2010, a 38.5 per cent increase compared to March 2009, a 4.7 per cent increase over March 2008, and a 12.4 per cent decrease compared to March 2007. The current figure also represents a 26.8 per cent increase compared to the 2,473 sales recorded in February 2010.

“With a sales-to-listing ratio of 23 per cent, we see a healthy balance between buyer demand and seller supply in the marketplace,” Moldowan said.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 20.3 per cent to $584,435 from $485,845 in March 2009. This price is 2.8 per cent above the previous high point in the market in May 2008 when the residential benchmark price sat at $568,411.

Sales of detached properties in March 2010 reached 1,336, an increase of 49 per cent from the 897 detached sales recorded in March 2009 and a 19.7 per cent increase from the 1,116 units sold in March 2008. The benchmark price for detached properties increased 23.3 per cent from March 2009 to $800,341, but declined 0.6 per cent compared to last month when the benchmark price was $800,796.

Sales of apartment properties in March 2010 reached 1,252, an increase of 28.3 per cent compared to the 976 sales in March 2009 and a decline of 8.6 per cent compared to the 1,370 sales in March 2008.The benchmark price of an apartment property increased 17.3 per cent from March 2009 to $395,507 and is up 1.2 per cent compared to last month when the benchmark price was $390,899.

Attached property sales in March 2010 totaled 549, an increase of 40.1 per cent compared to the 392 sales in March 2009 and a 7.4 per cent increase from the 511 attached properties sold in March 2008. The benchmark price of an attached unit increased 17.3 per cent between March 2009 and 2010 to $493,263, but declined 0.5 per cent compared to last month when the benchmark price was $495,496.

After months of multiple offers and limited supply, seller's are finally putting their properties on the market. Buyers are able to negotiate without competition and find AAA properties and solid deals in today's market.

With fixed rates rising and variable rates decreasing to prime -.5, I expect a flood of sales over the next few months. There is also only 2 weeks left before new legislation pushes the minimum down-payment for investors from 5% - 20%.

If you have any questions at all regarding Vancouver Real Estate please contact me, Stu Bell, at 604.562.0532 or email me at stu@stubell.com.

Thank You and Happy House Hunting!