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New Listing 201 - 1281 Parkgate Avenue, North Vancouver, BC


R2409920 - 201 - 1281 Parkgate Avenue, North Vancouver, BC, CANADAView my new listing for sale at 201 - 1281 Parkgate Avenue, North Vancouver and currently listed at $715,000.

Large 2 bedroom, 2 bath apartment in coveted Parkgate Place; 1188 sq. ft. Well maintained apartment with open floor plan and brand new fridge, stove and washer/dryer. Updates include hardwood flooring, new light fixtures, closet doors and organizers, and new window coverings. Separate laundry room and Beam built-in vacuum system. 12 x 6 covered balcony facing east and overlooking quiet tree lined street and beautiful gardens. Parkgate Place is pet friendly and popular with downsizers because it is close to shopping, trails, rec centre, library, skiing, golf, parks, schools & 20 mins to downtown. Parking spot next to elevator. Open Sun. 1:30-2:30pm.

New Listing 2433 Mowat Place, North Vancouver, BC


R2404333 - 2433 Mowat Place, North Vancouver, BC, CANADAView my new listing for sale at 2433 Mowat Place, North Vancouver and currently listed at $1,850,000.

Custom built executive home designed by Dave Poskitt with 2x6 construction located on a quiet cul-de-sac on one of Blueridge's most sought after streets. This 5 bed/4 bath home features cedar-lined vaulted ceilings, skylights, Wolf range, s/s appliances & cherry wood cabinets. Updates include eco-rubber roof, dual hot-water tanks, silhouette blinds & built-in vacuum. New carpet in basement, new h/w flooring in the family & upstairs master bedroom, new glass stairway railing and new stairway and kitchen lighting. The private backyard is great for entertaining with multiple decks and hot tub! Great schools, shopping, rec centre, trails, parks, golf & skiing close by, & only 20 min. to downtown. Open Sun. 3-4:30pm.

Recently Sold Listing 206 E 5 Street, North Vancouver, BC


r2387262 - 206 E 5 Street, North Vancouver, BC, CANADAI have just recently sold this listing at 206 E 5 Street, North Vancouver.

Recently Sold Listing 10 - 222 E 5th Street, North Vancouver, BC


R2375845 - 10 - 222 E 5th Street, North Vancouver, BC, CANADAI have just recently sold this listing at 10 - 222 E 5th Street, North Vancouver.

Recently Sold Listing 302 - 1133 E 29th Street, North Vancouver, BC


R2359182 - 302 - 1133 E 29th Street, North Vancouver, BC, CANADAI have just recently sold this listing at 302 - 1133 E 29th Street, North Vancouver.

New Listing 10 - 222 E 5th Street, North Vancouver, BC


R2375845 - 10 - 222 E 5th Street, North Vancouver, BC, CANADAView my new listing for sale SOLD at 10 - 222 E 5th Street, North Vancouver and currently listed at $1,099,000.SOLD

Welcome to Burham Court, a quality "Noort" built Craftsman style luxury townhouse development. We are offering a rarely available end unit with southern exposure front patio (14'5 x 8'7), northern exposure back patio and fenced yard (11'9 x 10'9). 3 bedroom/ 2.5 bath, 1,560 sq. ft. townhouse which was completely renovated in 2011 with solid hardwood flooring, crown moulding, granite counter tops with glass tile backsplash, S/S appliances, and finished family room in the basement. Two underground secured parking spots outside the basement door and large insuite storage area. Large 17'4 x 8'10 crawl space with 4 ft. height; excellent storage area. Great location; close to everything Lower Lonsdale has to offer; walk score 90.

New Listing 210 - 960 Lynn Valley Road, North Vancouver, BC


R2369014 - 212 - 960 Lynn Valley Road, North Vancouver, BC, CANADAView my new listing for sale at 212 - 960 Lynn Valley Road, North Vancouver and currently listed at $599,500.

Rarely available 2 bedroom/ 2 bath 926 sq. ft. suite corner unit on the south-west side of Balmoral House (55+). Features include open floor plan, gas fireplace, insuite laundry, 8' ceilings, and a 6'x8' balcony. Building amenities include secured underground parking, storage locker, fireside & bistro lounge meeting areas. This well maintained building is rain-screened & plumbing replaced in 2011. The entire building was recently painted 2018. Only minutes away from LV Centre, Mollie Nye House & Karen Magnussen Rec. Centre with transit just outside the front door. Warm & friendly residents, 55+ independent living at its best! Open Sat. 3-4pm.

Buyer Remaining Cautious in 2019


front of house   ariel

 

 

Buyer’s Remaining Cautious in 2019

Through the first three months of 2019 one thing remains clear there is no urgency to buy.  Not long ago, prices in the North Vancouver market were growing 5 to 10% per year and buyer’s wanted to get into the market or they might not be able to afford to buy the next year.  We are now coming off 2018 where selling prices fell and buyers are now taking a cautious approach to the market in anticipation of prices continuing to fall.  Consequently, sales in all market segments are on the decline.  See chart below.

Affordability continues to impact buyers in all market segments.  At the top end of the market, the Foreign Buyer’s tax, the Speculation tax, and higher school taxes and property transfer taxes have impacted sales above $2 million.  At the lower end of the market higher interest rates and the 2% stress test have sidelined young buyers in all market segments.  Young  buyer’s are having difficulty getting the financing they need.

At some point, the market will turn.  This will happen when prices drop far enough that even with all the new taxes and rules, buyers can afford to purchase.  The buyer’s are out there, and they will buy once affordability and a sense of urgency returns to the market.

North Vancouver – average unit sales per month

Year

2015

2016

2017

2018

2019 YTD

House

123

104

87

57

49

Town/Duplex

44

38

35

28

23

Apartment

111

108

108

79

62

 

West Vancouver – average unit sales per month

Year

2015

2016

2017

2018

2019 YTD

House

90

68

43

27

24

Town/Duplex

9

6

5

4

2

Apartment

17

19

17

14

9

 

REBGV President Ashley Smith made the following statement this past week:

"Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced," Ashley Smith, REBGV president said. "For three years, governments at all levels have imposed new taxes and borrowing requirements on to the housing market.”

“What policymakers are failing to recognize is that demand-side measures don’t eliminate demand, they sideline potential home buyers in the short term. That demand is ultimately satisfied down the line because shelter needs don’t go away. Using public policy to delay local demand in the housing market just feeds disruptive cycles that have been so well-documented in our region."

If you need a REALTOR to assist you with Buying, Selling or Investing, I am definitely someone you can rely on and trustFriendly introductions always welcome and very much appreciate.

Jeff Mulock

Sutton Group West Coast realty

604-512-2477

[email protected]

 

 

 

 

 

 

 



New Listing 302 - 1133 E 29th Street, North Vancouver, BC


R2359182 - 302 - 1133 E 29th Street, North Vancouver, BC, CANADAView my new listing for sale SOLD at 302 - 1133 E 29th Street, North Vancouver and currently listed at $745,000.SOLD

Rarely available top floor 2 bedroom, 2 bath apartment in The Laurels. Features include large covered east facing balcony (11'8 x 12'3) overlooking gardens and courtyard, separate laundry room, 2 secured side by side parking spots and spacious floorplan with high ceilings only found on the top floor. The large master bedroom has a 4 piece ensuite and air conditioning! Cozy gas fireplace and in-floor radiant heating. New roof in 2012 and updated hallways. The Laurels is pet friendly and popular with downsizers because it is close to shopping, restaurants, KM rec centre, library, skiing, parks, schools & 25 mins to downtown. Walkability score of 84.

New Listing 201 - 1281 Parkgate Avenue, North Vancouver, BC


R2341501 - 201 - 1281 Parkgate Avenue, North Vancouver, BC, CANADAView my new listing for sale at 201 - 1281 Parkgate Avenue, North Vancouver and currently listed at $770,000.

Large 2 bedroom, 2 bath apartment in coveted Parkgate Place; 1188 sq. ft. Well maintained apartment with open floor plan and brand new fridge, stove and washer/dryer. Updates include hardwood flooring, new light fixtures, closet doors and organizers, and new window coverings. Separate laundry room and built-in Beam vacuum system. 12 x 6 covered balcony facing east and overlooking quiet tree lined street and beautiful gardens. Parkgate Place is pet friendly and popular with downsizers because it is close to shopping, trails, rec centre, library, skiing, golf, parks, schools & 20 mins to downtown. Parking spot next to elevator. Call for your appointment. Open Sun. 1:30-2:30pm.