Knowledge, Integrity, Humour

Blog › May 2016

Still A Seller's Market

sales and listings report all regional may 15 2016


The phenomenon of low supply and high demand continues apace this month, though anecdotally Realtors are murmuring some evidence of a teeny slowing in light of prices having reached the stratosphere and, as a result, some Buyers have backed away or moved to other markets.  Personally, every deal I've been party to this month has been a multiple offer situation but perhaps not as many competing offers on some properties as we've been accustomed to in recent months.  Still, as you can see from the above sales and listing report, there is a dearth of supply on the West and East Sides of Vancouver with only 1 or 2 months supply.  So, we are squarely in a Seller's market still.


Recently Sold Listing 505 - 289 Drake Street, Vancouver, BC

R2065498 - 505 - 289 Drake Street, Vancouver, BC, CANADAI have just recently sold this listing at 505 - 289 Drake Street, Vancouver.

New Listing 505 - 289 Drake Street, Vancouver, BC

R2065498 - 505 - 289 Drake Street, Vancouver, BC, CANADAView my new listing for sale SOLD at 505 - 289 Drake Street, Vancouver and currently listed at $958,800.SOLD

Yaletown, large two bedroom and spacious den with lovely view of David Lam Park and False Creek. Updated kitchen and bathrooms, hardwood floors, includes 2 PARKING STALLS and an ENORMOUS PRIVATE LOCKER ROOM across the hall from the apartment. There is an interior courtyard garden, indoor swimming pool, hot tub and gym. The building has a caretaker and is in excellent condition with envelope upgrades in 2007. Low turn-over in this strata! Location is fabulous across the street from the seawall and transit, shopping and dining at your doorstep. Sorry, NO PETS, rentals allowed with 3 months minimum term. Open House Saturday May 7 and Sunday May 8 2:00 - 4:00pm. Easy to show by appointment as well. Offers, if any, Tuesday May 10th.