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I have sold a property at 1803 511 Rochester AVE in Coquitlam.
ENCORE. Spacious one bedroom and den (could be another bedroom without window) in good condition. Electric Fireplace. Walkin closet. Big balcony. Walk to skytrain station, bus stop and Lougheed Town Centre. Minutes to Hwy 1. One U/G parking and locker included. No rental restrictions.
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The Vancouver Real Estate Market in the Year 2018 should start off Strong and Solid!  Buyers who have had their mortgages pre-approved in 2017, would have 120 days to purchase, under the old mortgage rules. Conversely, under the new 2018 mortgage rules, buyer's purchasing power will be lowered by 20%.  Those 2017 pre-approved buyers will generate an increase in home purchases in the first 3 months of the year.   

 

When you, or your friends, neighbors, who are considering of selling real estate, please contact Eva Li at 604 351-0789.   I have been selling real estate in the Greater Vancouver Area since 1990; with 28 years of valuable experience and proven track record, I can certainly provide the best service for your real estate investment.

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After reaching record levels in 2015 and 2016, Metro Vancouver home sales returned to more historically normal levels in 2017. Home listings, on the other hand, came in several thousand units below typical activity.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 35,993 on the Multiple Listing Service® (MLS®) in 2017, a -9.9% from the 39,943 sales recorded in 2016, and a -15% over the 42,326 residential sales in 2015.

 

Last year’s sales total was, however, 9.7% above the 10-year sales average.

 

“It was a steady year for home sales across the region, led by condominium and townhome activity, and a quieter year for home listings,” Jill Oudil, REBGV president said. “Metro Vancouver home sales were the third highest we’ve seen in the past ten years while the home listings total was the second lowest on record for the same period.”

 

Home listings in Metro Vancouver reached 54,655 in 2017. This is a -5.1% compared to the 57,596 homes listed in 2016 and a -4.5% compared to the 57,249 homes listed in 2015.

 

Last year’s listings total was 4.4 per cent below the 10-year listings average.

 

“Market activity differed considerably this year based on property type,” Oudil said. “Competition was intense in the condominium and townhome markets, with multiple offer situations becoming commonplace. The detached home market operated in a more balanced state, giving home buyers more selection to choose from and more time to make decisions.”

 

The MLS® HPI composite benchmark price for all residential properties in Metro Vancouver ends the year at $1,050,300. This is +15.9% compared to December 2016.

 

The benchmark price of condominiums increased 25.9% in the region last year. Townhomes increased 18.5% and detached homes increased 7.9%.

 

“Strong economic growth, low interest rates, declining unemployment, increasing wages and a growing population all helped boost home buyer demand in our region last year,” Oudil said.

December summary

Sales of detached, attached, and apartment properties totalled 2,016 in the region in December 2017, a +17.6% from the 1,714 sales recorded in December 2016 and a -27.9% compared to November 2017 when 2,795 homes sold.

 

Last month’s sales were 7.5% above the 10-year sales average for the month.

 

“As we move into 2018, REALTORS® are working with their clients to help them understand how changing interest rates and the federal government’s new mortgage qualifications could affect their purchasing power,” Oudil said. “Only time will tell what impact these rules will have on the market.

 

“Home buyers today should get pre-approved before making an offer to ensure that your home buying goals align with your financial situation,” Oudil said.

 

There were 1,891 residential homes newly listed for sale in December 2017. This represents a +44.1% compared to the 1,312 homes listed in December 2016 and a -54% compared to November 2017 when 4,109 properties were listed.

 

The total number of homes currently listed for sale on the MLS® in Metro Vancouver is 6,958, a +9.7% compared to December 2016 (6,345) and a -20.5% compared to November 2017 (8,747).

 

The sales-to-active listings ratio for December 2017 is 29%. By property type, the ratio is 14.4% for detached homes, 38.8 % for townhomes, and 59.6% for condominiums.

 

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12% mark for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.

 

Sales of detached properties in December 2017 reached 617, a +14% from the 541 detached sales recorded in December 2016. The benchmark price for a detached home in the region is $1,605,800. This represents a +7.9% compared to December 2016.

 

Sales of apartment homes reached 1,028 in December 2017, a +12.3% compared to the 915 sales in December 2016. The benchmark price of an apartment in the region is $655,400. This represents a +25.9% compared to December 2016.

 

Attached (or townhome) property sales in December 2017 totalled 371, a +43.8% compared to the 258 sales in December 2016. The benchmark price of an attached home in the region is $803,700. This represents an +18.5% compared to December 2016.

 

Buying or Sellling Real Estate, contact Eva Li 604-351-0789 

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Metro Vancouver* saw modest home listing changes and steady demand in November.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,795 in November 2017, a 26.2 per cent increase from the 2,214 sales recorded in November 2016, and a 7.5 per cent decrease compared to October 2017 when 3,022 homes sold.

Last month’s sales were 17 per cent above the 10-year November sales average.

“We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium markets,” Jill Oudil, REBGV president said.

There were 4,109 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in November 2017. This represents a 30.6 per cent increase compared to the 3,147 homes listed in November 2016 and a 9.5 per cent decrease compared to October 2017 when 4,539 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,747, a 4.3 per cent increase compared to November 2016 (8,385) and a 4.3 per cent decrease compared to October 2017 (9,137).

“While we’re seeing more listings enter the market today than we saw at this time last year, we have a long way to go before our home listing inventory rises back to more historically typical levels,” Oudil said.

The sales-to-active listings ratio for November 2017 is 32 per cent, which is up three per cent since September 2017. By property type, the ratio is 15.9 per cent for detached homes (up one per cent since September 2017), 36.4 per cent for townhomes (down six per cent since September 2017), and 67.8 per cent for condominiums (up seven per cent since September 2017).

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,046,900. This represents a 14 per cent increase over November 2016 and a 0.4 per cent increase compared to October 2017.

Sales of detached properties in November 2017 reached 841, a 31.8 per cent increase from the 638 detached sales recorded in November 2016. The benchmark price for detached properties is $1,608,000. This represents a 6.1 per cent increase from November 2016 and a 0.1 per cent decrease compared to October 2017.

Sales of apartment properties reached 1,508 in November 2017, a 25.7 per cent increase compared to the 1,200 sales in November 2016. The benchmark price of an apartment property is $648,200. This represents a 23.9 per cent increase from November 2016 and a one per cent increase compared to October 2017.

Attached property sales in November 2017 totalled 446, an 18.6 per cent increase compared to the 376 sales in November 2016. The benchmark price of an attached unit is $805,200. This represents a 17.9 per cent increase from November 2016 and a 0.3 per cent increase compared to October 2017.


Buying or Selling Real Estate, contact Eva Li 604-351-0789

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The real estate market hasn't slowed down in spite of the cold weather.  Last weekend, while I was exploring some open houses with a potential buyer, I'd found that all the open houses which we attended were packed with potential buyers.  

The market is definitely short of supplies, i.e. more listings are needed to fulfill the high demands.  


Are you planning to put your properties up for sale in the next couple of weeks?  Are you planning to find out more info about the market trends of a certain neighborhood?  


Please feel free to contact me anytime by phone /text 604-351-0789 or email me at Eva@EvaLi.ca   

I am here to help and answer your real estate related questions.

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I have sold a property at 1706 9521 CARDSTON CRT in Burnaby.
Enjoy the security of well managed building along with all the bells & whistles of a total renovation. Corner suite with lots of windows. Southeast exposure, amazing city, mountain & water view - walk to skytrain, Lougheed Mall & all amenities. Fully reconfigured 886 sf 2 bedroom suite into a luxurious, 1 bedrm w/easy provision to revert to a 2 bedroom or 1 bedroom +den. Very unique design for comfort loving. The only suite in the building w/ 2 full baths (instead of 1.5) & built-in air conditioning. Lots of maple kitchen cabinets incl pantry, smooth-top countertop range & mounted microwave /convection oven. Tile floors throughout, designer paint, lovely baths, insuite laundry & satellite friendly. Building renewal project done. Great building amenities - sauna, gym, & outdoor swimming pool. No pets, rentals ok. 2 side by side u/g parking stalls and a locker. Quick possession ok.
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I have sold a property at 3712 13696 100TH AVE in Surrey.
Park Ave West by Concord Pacific. Sunny and bright NE facing 2 bedroom corner suite with panoramic view of mountain and city. View from every room. Great layout with no wasted space. Large covered 120' balcony. Brand new suite with GST paid. Open kitchen features marble tile backsplash, engineered HW flooring and quartz countertops, European brand integrated applicance. 5 star amenities. 24 hr concierge service. Steps to Surrey Central Mall, King George Skytrain, SFU campus. 1 parking and locker included.
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Metro Vancouver home sales exceeded typical historical levels in October with the majority concentrated in the townhouse and apartment markets.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totaled 3,022 in October 2017, a +35.3% from the 2,233 sales recorded in October 2016, and a +7.1% compared to September 2017 when 2,821 homes sold.


Last month’s sales were +15% above the 10-year October sales average.


“Conditions continue to vary significantly based on property type. The detached home market is well supplied with homes for sale, which is relieving pressure on prices,” Jill Oudil, REBGV president said. “It remains a much different story in the townhouse and apartment markets. Buyers of these properties continue to have limited supply to choose from and are seeing upward pressure on prices.”


There were 4,539 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2017. This represents a +14% compared to the 3,981 homes listed in October 2016 and a -15.6% compared to September 2017 when 5,375 homes were listed.


The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 9,137, a -0.1% compared to October 2016 (9,143) and a -3.5% compared to September 2017 (9,466).


For all property types, the sales-to-active-listings ratio for October 2017 is 33.1%. By property type, the ratio is 16.8% for detached homes, 44.8% for townhomes, and 66% for condominiums.


Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12% mark for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.


“The growth in our provincial economy and the job market is contributing to today’s demand,” Oudil said. “The federal government’s announcement of plans to tighten mortgage requirements for the seventh time in the last eight years also helped spur activity in the short term. Many buyers are trying to enter the market before the changes are in place.”


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,042,300. This represents a +12.4% over October 2016 and a +0.5% compared to September 2017.


Sales of detached properties in October 2017 reached 940, a +44.2% from the 652 detached sales recorded in October 2016 and a -34.6% from the 1,437 sales in October 2015. The benchmark price for detached properties is $1,609,600. This represents a +4% from October 2016 and a -0.5% compared to September 2017.


Sales of apartment properties reached 1,532 in October 2017, a +30.1% compared to the 1,178 sales in October 2016 and a -0.7% from the 1,543 sales in October 2015. The benchmark price of an apartment property is $642,000. This represents a +22.7% from October 2016 and a +1% compared to September 2017.


Attached property sales in October 2017 totaled 550, a +36.5% compared to the 403 sales in October 2016 and a -17.4% from the 666 sales in October 2015. The benchmark price of an attached unit is $802,400. This represents a +17.7%e from October 2016 and a +2% compared to September 2017.

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Please visit our Open House at 1706 9521 CARDSTON CRT in Burnaby.
Open House on Saturday, November 4, 2017 2:00PM - 4:00PM SE facing, mountain & water view - walk to skytrain, Lougheed Mall & all amenities. Fully reconfigured 886 sf 2 bedroom suite into a luxurious, 1 bedrm w/easy provision to revert to a 2 bedrm or 1 bedrm +den. Very unique design. 2 parking and locker.
Enjoy the security of well managed building along with all the bells & whistles of a total renovation. Southeast exposure, amazing city, mountain & water view - walk to skytrain, Lougheed Mall & all amenities. Fully reconfigured 886 sf 2 bedroom suite into a luxurious, 1 bedrm w/easy provision to revert to a 2 bedroom or 1 bedroom +den. Very unique design for comfort loving. The only suite in the building w/ 2 full baths (instead of 1.5) & built-in air conditioning. Lots of maple kitchen cabinets incl pantry, smooth-top countertop range & mounted microwave /convection oven. Tile floors throughout, designer paint, lovely baths, insuite laundry & satellite friendly. Building renewal project done. Great building amenities - sauna, gym, & outdoor swimming pool. No pets, rentals ok. 2 side by side u/g parking stalls and a locker. Quick possession ok. Open Nov 4 Sat 2-4
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I have listed a new property at 1706 9521 CARDSTON CRT in Burnaby.
Enjoy the security of well managed building along with all the bells & whistles of a total renovation. Southeast exposure, amazing city, mountain & water view - walk to skytrain, Lougheed Mall & all amenities. Fully reconfigured 886 sf 2 bedroom suite into a luxurious, 1 bedrm w/easy provision to revert to a 2 bedroom or 1 bedroom +den. Very unique design for comfort loving. The only suite in the building w/ 2 full baths (instead of 1.5) & built-in air conditioning. Lots of maple kitchen cabinets incl pantry, smooth-top countertop range & mounted microwave /convection oven. Tile floors throughout, designer paint, lovely baths, insuite laundry & satellite friendly. Great building amenities - sauna, gym, & outdoor swimming pool. No pets, rentals ok. 2 side by side u/g parking stalls. Quick possession ok.
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Please visit our Open House at 3712 13696 100TH AVE in Surrey.
Open House on Sunday, October 22, 2017 2:00PM - 4:00PM Park Ave West by Concord Pacific. New & GST paid. Sunny NE facing 2 bedroom corner suite with panoramic view of mountain and city. Great layout, no wasted space. Covered 120' balcony. Next to Skytrain and Surrey Central Mall, SFU. Incl parking/locker.
Park Ave West by Concord Pacific. Sunny and bright NE facing 2 bedroom corner suite with panoramic view of mountain and city. View from every room. Great layout with no wasted space. Large covered 120' balcony. Brand new suite with GST paid. Open kitchen features marble tile backsplash, engineered HW flooring and quartz countertops, European brand integrated applicance. 5 star amenities. 24 hr concierge service. Steps to Surrey Central Mall, King George Skytrain, SFU campus. 1 parking and locker included.
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I have sold a property at 807 55 TENTH ST in New Westminster.
Bright Southeast corner suite at Westminster Towers in popular downtown New Westminster. New wide plank laminated flooring in living room and bedroom, ceramic tiles in kitchen and hallway. Freshly painted. Floor to ceiling windows, Covered balcony. Redesigned newer kitchen counter top and newer appliances. Corridor views of the Fraser River. Repiping in 2016. 5 min walk to Skytrain and bus stop, shopping plaza, supermarket, cafe and restaurants, Douglas College and The Quay. All amenities at your door step. Easy access to Surrey and Vancouver, Burnaby and Coquitlam. Pet and rental allowed.
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Please visit our Open House at 129 5880 DOVER CRES in Richmond.
Open House on Saturday, October 14, 2017 2:00PM - 4:00PM Quiet corner 2 bdrm G/F suite w/large patio-views of courtyard, mountains from the private patio. This ideal layout has no wasted space. Gutted completely and newly renovated: new flooring, brand new kitchen, all new appl, 2 bathrm. Quick possession ok.
Quiet corner 2 bedroom G/F suite with large patio - views of landscaped courtyard, mountains from the private patio. This ideal layout has no wasted space. Gutted completely and tastefully renovated: new flooring, brand new kitchen, all new appl, new bathrooms, paint, 2 bedrooms with walk-in closet.Large flex room (could be den/storage), and a locker. Well managed bldg with new plumbing, redesigned lobby, and new metal roof. Amenities: exercise room, library, party/meeting room, lovely gardens and visitor parking. Super convenient location to everywhere, Dyke Trail, Oval, Terra-Nova, shops and restaurant. Across from the park. Easy access to Vancouver, BCIT campus, Airport. Catchment schools: Blair Elem. and Burnett HS. No dogs, 1 cat ok. Rental is full. Quick possession welcomed.
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Please visit our Open House at 129 5880 DOVER CRES in Richmond.
Open House on Sunday, October 15, 2017 2:00PM - 4:00PM Quiet corner 2 bdrm G/F suite w/large patio-views of courtyard, mountains from the private patio. This ideal layout has no wasted space. Gutted completely and newly renovated: new flooring, brand new kitchen, all new appl, 2 bathrm. Quick possession ok.
Quiet corner 2 bedroom G/F suite with large patio - views of landscaped courtyard, mountains from the private patio. This ideal layout has no wasted space. Gutted completely and tastefully renovated: new flooring, brand new kitchen, all new appl, new bathrooms, paint, 2 bedrooms with walk-in closet.Large flex room (could be den/storage), and a locker. Well managed bldg with new plumbing, redesigned lobby, and new metal roof. Amenities: exercise room, library, party/meeting room, lovely gardens and visitor parking. Super convenient location to everywhere, Dyke Trail, Oval, Terra-Nova, shops and restaurant. Across from the park. Easy access to Vancouver, BCIT campus, Airport. Catchment schools: Blair Elem. and Burnett HS. No dogs, 1 cat ok. Rental is full. Quick possession welcomed.
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I have listed a new property at 129 5880 DOVER CRES in Richmond.
Quiet corner 2 bedroom G/F suite with large patio with views of landscaped courtyard, mountains and river from the private patio. This ideal layout has no wasted space. Gutted completely and newly renovated: new flooring, brand new kitchen, all new appl, new bathrooms, paint, 2 bedrooms with walk-in closet.Large flex room (could be den/storage), and a locker. Well managed bldg with new plumbing, redesigned lobby, and new metal roof. Amenities: exercise room, library, party/meeting room, lovely gardens and visitor parking. Super convenient location to everywhere, Dyke Trail, Oval, Terra-Nova, park, shops and restaurant. Easy access to Vancouver. Catchment schools: Blair Elem. and Burnett HS. No dogs, 1 cat ok.
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I have sold a property at 3203 13696 100th AVE in Surrey.
Brand New and GST IS INCLUDED IN PRICE! Park Avenue West built by Concord Pacific. 1 Bed + Den and 1 Bath bright unit with spectacular mountain and courtyard view. Kitchen features marble title backsplash, engineered quartz countertops, and European-brand integrated appliances. Resort-style amenities with concierge, fitness centre, outdoor pool, steam room, sauna, hot tub and rooftop sky-garden with 360 degree views. Centrally located in Surrey, steps away from King George Sky Train Station, T&T supermarket and Holland Park, Surrey Central Mall and SFU.
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Apartment and townhome activity is outpacing the detached home market across Metro Vancouver. This activity helped push total residential sales above the historical average in September.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totaled 2,821 in September 2017, a +25.2% from the 2,253 sales recorded in September 2016, and a -7.3% compared to August 2017 when 3,043 homes sold.

Last month’s sales were 13.1% above the 10-year September sales average.


“Our detached homes market is balanced today, while apartment and townhome sales remain in sellers’ market territory,” Jill Oudil, REBGV president said. “If you’re looking to enter the market, as either a buyer or seller, it’s important to understand these trends and use this information to set realistic expectations.”


There were 5,375 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2017. This represents a +12% compared to the 4,799 homes listed in September 2016 and a +26.6% compared to August 2017 when 4,245 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,466, a +1.2% compared to September 2016 (9,354) and a +7.5% compared to August 2017 (8,807).


“Detached homes made up 30% of all sales in September and represented 62% of all the homes listed for sale on the MLS®,” said Oudil. “This dynamic has slowed the pace of upward pressure that we’ve seen on detached home prices in our market over the last few years.”


For all property types, the sales-to-active-listings ratio for September 2017 is 29.8&. By property type, the ratio is 14.6% for detached homes, 42.3% for townhomes, and 60.4% for apartments.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12% mark for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,037,300. This represents a +10.9% over September 2016 and a +0.7% compared to August 2017.


Sales of detached properties in September 2017 reached 852, a +27.9% increase from the sales recorded in September 2016 (666), a -33% from September 2015 (1,272), and a -32.9% from September 2014 (1,270). The benchmark price for detached properties is $1,617,300. This represents a +2.9% from September 2016 and a +0.1% compared to August 2017.


Sales of apartment properties reached 1,451 in September 2017, a +19.1% compared with the sales recorded in September 2016 (1,218), a -5.1% from September 2015 (1,529), and a +22.1% from September 2014 (1,188). The benchmark price of an apartment property is $635,800. This represents a +21.7% from September 2016 and a +1.4% compared to August 2017.


Attached property sales in September 2017 totaled 518, a +40.4% compared to the sales recorded in September 2016 (369), a -4.8% from September 2015 (544), and a +11.6% from September 2014 (464). The benchmark price of an attached home is $786,600. This represents a +14.5% from September 2016 and a +1.1%e compared to August 2017.

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Please visit our Open House at 807 55 TENTH ST in New Westminster.
Open House on Saturday, October 7, 2017 11:00AM - 1:00PM Bright SE corner suite at in popular downtown New Westminster. New wide plank laminated flooring in living room and bedroom, ceramic tiles in kitchen and hallway. Freshly painted. Floor to ceiling windows, Covered balcony. Redesigned kit with newer appl.
Bright Southeast corner suite at Westminster Towers in popular downtown New Westminster. New wide plank laminated flooring in living room and bedroom, ceramic tiles in kitchen and hallway. Freshly painted. Floor to ceiling windows, Covered balcony. Redesigned newer kitchen counter top and newer appliances. Corridor views of the Fraser River. Repiping in 2016. 5 min walk to Skytrain and bus stop, shopping plaza, supermarket, cafe and restaurants, Douglas College and The Quay. All amenities at your door step. Easy access to Surrey and Vancouver, Burnaby and Coquitlam. Pet and rental allowed. Open Oct 7 Sat 11am - 1pm
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Please visit our Open House at 3712 13696 100TH AVE in Surrey.
Open House on Saturday, October 7, 2017 2:00PM - 4:00PM Park Ave West by Concord Pacific. New & GST paid. Sunny NE facing 2 bedroom corner suite with panoramic view of mountain and city. Great layout, no wasted space. Large covered120' balcony. Next to Skytrain and Surrey Central Mall. Incl parking/locker.
Park Ave West by Concord Pacific. Sunny and bright NE facing 2 bedroom corner suite with panoramic view of mountain and city. View from every room. Great layout with no wasted space. Large covered 120' balcony. Brand new suite with GST paid. Open kitchen features marble tile backsplash, engineered HW flooring and quartz countertops, European brand integrated applicance. 5 star amenities. 24 hr concierge service. Steps to Surrey Central Mall, King George Skytrain, SFU campus. 1 parking and locker included.
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For prompt, polite and professional service, always contact Eva Li of RE/MAX Central Realty