Real Estate Advisor with Engel & Völkers Vancouver, Canada

Cindy Stanley Realty Blog › April 2018

New Listing 2630 Chairlift Road, West Vancouver, BC


R2257934 - 2630 Chairlift Road, West Vancouver, BC, CANADAView my new listing for sale at 2630 Chairlift Road, West Vancouver and currently listed at $5,988,000.

Breathtaking unobstructed 180 degrees panoramic OCEAN VIEW on both main & upper levels! All 3 bdrms upstairs have fantastic ocean view, ensuite & walk-in closets! Large 10,970 sf lot w/ gorgeous over 5,400 sf open-concept luxurious living space! Excellent architect design, grand marble foyer, high ceiling, floor to ceiling windows, meticulous millwork, radiant heat, 24/7 security system, high-end appliances, 2 bdrms suite downstairs for in-laws or guests w/ separate entrance. Spacious outdoor area for year-around entertaining! Walking distance to private Collingwood School junior campus & Chelsea Close Park. Short drive to private Mulgrave School, Caulfeild Village Shopping Centre, Cypress Mountain Ski Resort, West Vancouver Community Centre, catchment Irwin Park Ele. & West Vancouver Sec.

March 2018 Housing Market Update Real Estate Board of Greater Vancouver


Latest Market Housing Market Update Real Estate Board of Greater Vancouver

march 2018 housing market update real estate board of greater vancouver



New Listing 6602 Delwood Court, Burnaby, BC


R2254759 - 6602 Delwood Court, Burnaby, BC, CANADAView my new listing for sale at 6602 Delwood Court, Burnaby and currently listed at $1,699,000.

Prime cul-de-sac location neighbouring Sumas Park. Walking distance to schools, shops, recreation, transit & more. This 4 bedroom split level home with 2 kitchen levels on each level is perfect for investors or a large family. 6 year old roof, well maintained, beautiful sun room, plus deck and lovely outdoor space. This property is ideal for investors wanting to generate a long term income, or for a family looking for a home on a quiet family orientated cul-de-sac near to many amenities and transit. A few blocks to the sky train, and walking distance to many amenities. Fabulous location!

Fewer home sales and listings in the first quarter of 2018


newsflash red a

Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 per cent decrease from the 3,579 sales recorded in March 2017, and a 14 per cent increase compared to February 2018 when 2,207 homes sold.

Last month’s sales were 23 per cent below the 10-year March sales average.

There were 6,542 home sales on the Multiple Listing Service® (MLS®) in Metro Vancouver during the first quarter of 2018, a 13.1 per cent decrease from the 7,527 sales over the same period last year. This represents the region’s lowest first-quarter sales total since 2013.

“We saw less demand from buyers and fewer homes listed for sale in our region in the first quarter of the year,” Phil Moore, REBGV president said. “High prices, new tax announcements, rising interest rates, and stricter mortgage requirements are among the factors affecting home buyer and seller activity today.”

There were 4,450 detached, attached and apartment properties newly listed for sale in Metro Vancouver in March 2018. This represents a 6.6 per cent decrease compared to the 4,762 homes listed in March 2017 and a 5.4 per cent increase compared to February 2018 when 4,223 homes were listed.

There were 12,469 homes listed for sale in Metro Vancouver during the first quarter of 2018, a 0.8 per cent decrease from the 12,568 sales over the same period last year. This represents the region’s lowest first-quarter new listings total since 2013.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,380, a 10.5 per cent increase compared to March 2017 (7,586) and a 7.1 per cent increase compared to February 2018 (7,822).

“Even with lower demand, upward pressure on prices will continue as long as the supply of homes for sale remains low,” Moore said. “Last month was the quietest March for new home listings since 2009 and the total inventory, particularly in the condo and townhome segments, of homes for sale remains well below historical norms.”

For all property types, the sales-to-active listings ratio for March 2018 is 30 per cent. By property type, the ratio is 14.2 per cent for detached homes, 39.9 per cent for townhomes, and 61.6 per cent for condominiums.

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 $1,084,000. This represents a 16.1 per cent increase over March 2017 and a 1.1 per cent increase compared to February 2018.

Sales of detached properties in March 2018 reached 722, a decrease of 37 per cent from the 1,150 detached sales recorded in March 2017. The benchmark price for detached properties is $1,608,500. This represents a 7.4 per cent increase from March 2017 and a 0.4 per cent increase compared to February 2018.

Sales of apartment properties reached 1,349 in March 2018, a decrease of 26.7 per cent compared to the 1,841 sales in March 2017. The benchmark price of an apartment property is $693,500. This represents a 26.2 per cent increase from March 2017 and a 1.6 per cent increase compared to February 2018.

Attached property sales in March 2018 totalled 446, a decrease of 24.1 per cent compared to the 588 sales in March 2017. The benchmark price of an attached unit is $835,300. This represents a 17.7 per cent increase from March 2017 and a two per cent increase compared to February 2018.

Click here to download the full package.



New Listing 109 - 5011 Springs Boulevard, Tsawwassen, BC


R2253312 - 109 - 5011 Springs Boulevard, Tsawwassen, BC, CANADAView my new listing for sale at 109 - 5011 Springs Boulevard, Tsawwassen and currently listed at $999,000.

Quality of life living in this fabulous brand new condo nestled on the 14th hole (of the par 70 Golf course), in the exclusive Tsawwassen Springs community. This gorgeous & large one level concrete home has a lot to offer. The expansive indoor, outdoor living space offers desirable upgrades which include a Lyonstone fireplace surround & security system, Bosch appliance package, Geothermal heating & cooling for efficient & comfortable living, all year round, + a 2 car garage for additional privacy. Steps to the coveted Pat Quinn’s restaurant, Woods Coffee shop, Newman’s fine foods, 24-hour access to TS Fitness center, (offering Yoga, Pilates & more) this magical property is also located a block from the 1.2 million square ft retail space of the grand shopping mall, Tsawwassen Mills. Location is incredible, with all the urban conveniences right at your fingertips, yet enjoyed in the open air surroundings of trails, ocean, mountains and beautiful blue skies, this home is move in ready (GST already paid). Looking for new owners to enjoy the next chapter of their lives. Move in ready, simply gorgeous, once in a lifetime opportunity to own this ideally located condo in tranquil and peaceful surroundings. https://www.tsawwassensprings.ca/ http://www.newmansfinefoods.com/ https://www.tsawwassensprings.ca/tsawwassen-wellness-centre-25/ https://woodscoffee.com/locations/ http://deltahockeyacademy.com/ https://www.tsawwassenmills.com/en/ https://www.bcferries.com/ https://www.patquinns.com/ http://www.metrovancouver.org/services/parks/parks-greenways-reserves/boundary-bay-regional-park http://www.delta.ca/parks-recreation/parks-trails/list-of-parks/lists/all-parks/diefenbaker-park https://southpointe.ca/

New Online GG Magazine Mar-May 2018 Available


gg magazine 03-0518

christian volkers Time and again, spectacular works of art fetch record prices. A recent example of this is the painting “Salvator Mundi” by Leonardo da Vinci that was sold at auction for $ 450 million. Particularly in the art world, it is primarily factors like the significance of a work of art, or artist, that determine their appeal and influence the value of such objects. Similar principles apply to exceptional pieces of real estate, which not infrequently change owners for collector’s prices. I am proud of the fact that our portfolio comprises very special, art-related properties. Some of these exhibit artistic elements, others are themselves works of art thanks to their architectural style.  An example of this is the Haus Zuckerkandl villa in Jena that was designed and built by Bauhaus founder Walter Gropius in 1928. It is not only the building itself, which has been preserved, but also some of its original fittings and furniture. Another special piece of real estate is the 14th century Het Steen chateau in Belgium. Among its owners was the famous painter Peter Paul Rubens, who refurbished the estate in the Flemish renaissance style and immortalized the chateau in several of his paintings. In Tyrol, on the other hand, there is a medieval castle for sale whose ceiling frescoes were painted by Baroque-era artist Stephan Kessler.


Preeminent architects also create buildings of major importance today. Some of these masterpieces stand out because they feature an interplay of light and geometric shapes. Richard  Meier is regarded as the ultimate light expert. His architectural style is characterized by combining the color white and wide window frontages to create brightness and transparency. Among his most important works are the Museu d’Art Contemporani de Barcelona and the High Museum of Art in Atlanta. I am particularly delighted that we have been able to sign up Richard Meier as an architect for a new building project that we are currently developing in Hamburg’s HafenCity, which will comprise, among other things, our new Engel & Völkers corporate headquarters as well as a 15-floor residential tower with exclusive condominiums. No matter whether you prefer modern or historical architecture, on the following pages you will – as always – find a selection of the world’s most stunning real estate.


Sincerely,
 
Christian Völkers



© 2015 C Stanley. Proudly created by Rejuven8.ca