I just finished uploading this House for sale, 3598 MARSHALL Street, Vancouver East, British Columbia

Tucked away in the Cedar Cottage area and Trout Lake at the end of your street, this charming urban cottage home is in a private setting with a wonderful mountain view. A gardener's and bird lover's delight. An open-plan kitchen and dining room allow you to absorb the view and a cedar ceiling in the large living room brings the outdoors inside. There are 3 bedrooms on the main floor, 1 bedroom below and 2 full bathrooms. Friendly neighbours and a welcoming community make this a very special place to call home. Your backyard has mature fruit trees (apple and plum) as well as a variety of berry bushes, a vegetable garden and several flower beds. Ready to move into, this is also a fantastic home to renovate and make your own at your leisure. Sneak Peek Thursday August 23rd 6-7 pm Open House August 25/26 2-4 pm.

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I just finished uploading this Condo for sale, 309 621 6TH Ave E, Vancouver East, British Columbia

Immaculate bright south facing 1 bedroom featuring large covered balcony, spacious kitchen & spa-like bath. Located in a great neighborhood, the exterior of this bldg has been completely re-finished & newly landscaped. Suite includes secure parking & storage. Open House: Sunday Aug 19 from 2 - 4

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I just finished uploading this Condo for sale, 401 2525 QUEBEC Street, Vancouver East, British Columbia

I have a confession to make. In 1994 I converted from a church into a 1548 square foot, 2 level loft. I exposed my brick and beams and now I'm the toast of the Cornerstone! My ceilings are over 20 feet high. My 17 foot arched cathedral window is heavenly. I have 2 parking spaces and a massive double head shower ensuite bathroom. If you're looking for a one-of-a-kind space in eclectic Mount Pleasant - you're prayers hve been answered!

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I just finished uploading this Condo for sale, PH605 256 2ND Ave E, Vancouver East, British Columbia

Enjoy spectacular mountain & city views from this bright 2 bd Penthouse. Two large private patios provides you with 300SF of extra outside space that will impress the fussiest of buyers. Some features include, 10FT high ceilings, large sky light over the dining room area, polished concrete floors, high end appliances and so much more. Jacobson is run by pro-active strata, with amenities that include, Fitness, Bike room, workshop and an art gallery with kitchen. Price includes 1 parking and 1 storage unit. Close Urban Fare, London Drugs just one block away. Open House Sunday, Aug. 19th from 2pm to 3:30pm.

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Hi Everyone,

Hope you're all managing to stay cool during these beautiful warm summer days?

As is fairly common during the warm summer months, the real estate market cools.  However we are seeing lower than average sales volumes in many areas of the city, with a couple notable exceptions:

For the Vancouver Eastside attached property market:
-the Fraser area has seen a 41.2% increase in sales volume, year to date (Jan-July) in 2012 over 2011
-the Knight area has seen a 29.9% increase in 2012 vs 2011
-Grandview is up 20.8% in 2012 over 2011

Overall, we are seeing a softening across the market segments in both of Vancouver's West and East sides.  The West sits in a buyer's market across the three property types, while the East has moved into balanced territory, from the previous months seller's market.  Here's a snapshot of the info:

VANCOUVER WEST SIDE
Detached
  Mar-12 Apr-12 May-12 Jun-12 Jul-12
 Units Listed 336 395 456 325 265
 Units Sold 152 130 122 102 83
 Active Listings 854 949 1067 1078 1038
 Months Supply* 5.6 7.3 8.7 10.6 12.5







Attached (townhouses)
  Mar-12 Apr-12 May-12 Jun-12 Jul-12
 Units Listed 128 132 159 128 94
 Units Sold 68 60 49 46 46
 Active Listings 302 333 358 362 340
 Months Supply* 4.4 5.6 7.3 7.9 7.4
 





Apartments
  Mar-12 Apr-12 May-12 Jun-12 Jul-12
 Units Listed 750 839 988 756 650
 Units Sold 394 360 402 331 276
 Active Listings 1892 2090 2276 2344 2260
 Months Supply* 4.8 5.8 5.7 7.1 8.2


VANCOUVER EAST SIDE
Detached
  Mar-12 Apr-12 May-12 Jun-12 Jul-12
 Units Listed 271 270 340 288 246
 Units Sold 155 135 152 107 109
 Active Listings 503 549 607 694 729
 Months Supply* 3.2 4.1 4.0 6.5 6.7






Attached (townhouses)
  Mar-12 Apr-12 May-12 Jun-12 Jul-12
 Units Listed 88 101 77 65 57
 Units Sold 41 52 50 35 24
 Active Listings 142 169 163 151 154
 Months Supply* 3.5 3.25 3.3 4.3 6.4






Apartments
  Mar-12 Apr-12 May-12 Jun-12 Jul-12
 Units Listed 279 219 277 231 157
 Units Sold 138 152 110 136 104
 Active Listings 560 565 613 603 544
 Months Supply* 4.1 3.7 5.6 4.4 5.2

*Month's Supply Key: Seller's Market = 1-5 months; Balanced Market = 5-7 months; Buyer's Market = Over 7 months
Source of data: Real Estate Board of Greater Vancouver


The number of new listings coming onto the market is down from previous months across all market segments on both the East and West sides, compared to the preceding months from March, and are also down compared to this same time last year.

Comparing July 2012 to July 2011:

-Despite fewer listings coming onto the market, overall active listings has increased in both the East and West
-Sales volume is down in both the East and West with one exception: apartment properties on the Eastside (up 17.8%)
-Median sales prices are up for: Westside detached properties (2%); Eastside detached (.5%) and townhouse (5.3%) properties
-Median sales prices are down for: Westside townhouse (-.7%) and apartment (-8%) properties; Eastside apartment (-4.2%) properties
-All properties are taking, on average, longer to sell, bar Eastside apartments

Despite all of the doom and gloom the figures are showing, multiple offers are still quite prevalent for well priced, good homes on the market.  I just helped some clients buy a detached property on the eastside, after writing six previous offers that all went to multiples - and I don't mean just two.  One home had 15 offers and went for $93,000 over the asking price.  The average was roughly four offers, and all went for well over asking.

Please don't hesitate to get in touch if you would like more information, are thinking about jumping into the market or have questions about the current value of your own home or investment property.  And I'm never too busy for your referrals :)

Email: kim@kimmcalpine.com
Cell: 778 317 9909

Kind regards,
Kim
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I just finished uploading this Condo for sale, 338 2033 TRIUMPH Street, Vancouver East, British Columbia

Perfect for first timers or investors! Spacious top floor 1 bedroom w/views of N. Shore mountains from large balcony. Beautiful engineered hardwood floors throughout, nicely updated kitchen w/limestone tile, Corian countertops, maple cabinetry, heat & hot water incl in maint fees. Solid older building w/pro-active council, new roof 2006, new plumbing & hallway paint/carpet 2011. Close to DT, north shore access, Hastings Sunrise or Commercial Dr. Rent $975/mo, tenanted until end of August.

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I just finished uploading this House for sale, 3475 ADANAC Street, Vancouver East, British Columbia

Absolutely beautiful 1926 character home boasts three levels with a basement suite. New paint inside and out, 2009 roof, 2009 windows, 2009 water heater and a huge patio for entertaining, set this listing apart from the rest. Also, beautiful inlaid hardwood floors and a two-car garage. New washer/dryer, new fridge, window blinds & dressing included. Near Franklin Elementary and Templeton High. Central to everything, don't miss out. PUBLIC OPENS: Saturday/Sunday August 11/12 2-4 PM.

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I just finished uploading this House for sale, 4477 JAMES Street, Vancouver East, British Columbia

Highly sought after West of Main Street location. Ideal home for a young family. Shows like new. Beautiful open main floor plan with generous size living room, dining room and family room which open onto large front porch and back deck. Lower level contains a spacious legal 1 bedroom suite. Interior features new paint, new carpets and refinished hardwood floors throughout. Gorgeous mature front and back gardens. Located within steps to Main Street shops, Nat Bailey Stadium, Queen Elizabeth Park, General Wolfe Elementary, Eric Hamber Secondary and the new Hillcrest Community Centre (indoor & outdoor pools, ice rink, public library, curling club and fitness centre). Open House Sunday August 12th, 2-4pm

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I just finished uploading this Condo for sale, 908 5380 OBEN Street, Vancouver East, British Columbia

Welcome to URBA: Quality built Bosa building only 6 years young. Priced to sell: below BC Assessment! Well maintained open plan 1 bed + den unit with sweeping views of north shore mountains. Great central location in Collingwood Village. Walk to skytrain, shopping, restaurants, school, community center, playground and more. Buy with confidence with the balance of new home warranty. Building has caretaker, excercise facility, and meeting room. Insuite washer/dryer, 1 parking and 1 storage. Open house Sun Aug 12, 2-4pm.

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