Renovation contractor Kenorah Construction & Design and home builder ParkLane Homes have earned the greatest number of finalist spots — 15 and 13, respectively - in the Greater Vancouver Home Builders’ Association’s third annual Ovation Awards.

Follow this link for full article: http://www.househunting.ca/vancouversun/homes/6379646/story.html?tab=PHOT

Led by a growing number of young, single female buyers, "value-conscious" Canadians are helping to create a robust housing market, according to the Bank of Montreal's spring housing report.

First-time buyers being drawn into the market by low interest rates and affordable housing, are attracted to convenient, urban living, said analysts on a conference call Thursday to discuss the report.

Among the major trends, experts highlighted single family homes, the condo boom and an urban lifestyle, where restaurants, subways, schools and work are within walking distance.

Read more at: http://www.vancouversun.com/business/real-estate/Value+minded+buyers+fuelling+strong+spring+housing+market+report/6449865/story.html

The number of new listings for single family homes in North Vancouver for the month of March 2012 is 198 which is only down a mere -2% from March of last year. The number of new lsitings for attached real estate for the month of March was 971 which is down -10% from last year at this time. The number of new listings for condos for the month of March 2012 is 177 which is up 12.7% compared to last year at this time.

There were 121 sales for single family homes in North Vancouver for the month of March 2012. This number is down -10.4% compared to March of 2011, but is still quite high compared to March of 2010 which had 96 sales recorded for the month. The median sale price for a single family home was $1,017,500 which is up 9.3% from last year at this time.

There were 54 sales for attached real estate in North Vancouver for the month of March 2012. This number is down -28.9% from March of last year. There were 40 sales of attached real estate and the median sale price was $672,500 which is up 6.7% from this time last year.

There were 91 condos that sold in North Vancouver for the month of March 2012. This number is down -18.8% from March of 2011, but again is still up from March of 2010 which had 72 sales recorded for the month. The median sale price for a condo in North Vancouver is $410,000 which is up 12.7% from last year at this time.

For the full statistics package from the Real Estate Board of Greater Vancouver for the Month of March 2012 please follow this link:

http://www.rebgv.org/sites/default/files/201203-REBGV-Stats-Package-for-Media.pdf

West Vancouver Archives. West Vancouver Archives collection. 0606.WVA.PHO Dundarave waterfront, [CIRCA 1910].

In West Vancouver there were 105 sales recorded for the month of March 2012. This number is down -44.1% from the 188 sales that occured in March 2011. Although the numbers are down quite significantly for this year, if we compare them to 2010 they are quite similar. This illustrates how hot the real estate market was last year and the high volume that was traded.

The number of new listings on the market is down about 14% from last year at 217 for the month of March. Average days on the market for a home is 56 days which has not changed much over the past 2 years.

Overseas investors are snapping up properties in Canada's largest cities, driving up prices and pushing ordinary Canadians out of the housing market, observers say.

Real estate experts call it the "new reality," and the high price paid for a north Toronto bungalow is the latest evidence.

This month, the three-bedroom bungalow, circa the 1960s and without much updating, sold for $421,800 over the asking price, creating a buzz among agents and other buyers.

To read the full article follow this link:         http://www.cbc.ca/news/canada/story/2012/03/14/real-estate-overseas-investors.html

 

 

Real Estate Board of Greater Vancouver releases Sales Statistics for February 2012

http://www.realtorlink.ca/portal/server.pt/document/3371017/rebgv_stats_package%2C_february_2012_pdf

For February 2012 there were a total of 209 sales in North Vancouver. This number is down 9.9% from February 2011 which had 232 sales at it's month end. Although this may apprear to be a downwards trend in market activity, sales are still quite high when comparing February of 2010 which had 172 sales.

A similar trend has followed with new listings. There were 411 new listings activated in February of 2012 for North Vancouver. This number is down 8.5% from February 2011 which had 449 new listings. Again, these numbers are still quite high comparing them to February of 2010 which had 277 new listings.

The average sale price for a detached home in North Vancouver for February 2012 is $1,086,760 (up 9.1% from February 2011)

The average sale price for an attached homes in North Vancouver for February 2012 is $730,523 (up 13.2% from February 2011)

The average sale price for an apartment home in North Vancouver for February 2012 is $394,334 (up 3% from February 2011)

There are currently 35 single family homes for sale in the Ambleside area of West Vancouver ranging in price from $1,318,000 for a 4 bedroom home at 1507 Haywood Avenue to $5588000 for a 7 bedroom home at 1515 Ottawa Avenue.

The average days on market is 71 days and the median days on market is 30 days. The average price is $2,585,074 and the median price is $2,680,000.

There has been 1 price increase and 4 price reductions on the 35 homes for sale.  The highest price reduction was 6% from $1,888,000 to $1,785,000.

Number of Bedrooms in Current 35 Homes For Sale in Ambleside

There are 1  two (2) bedroom homes
There are 3 three (3) bedroom homes
There are 17 four (4) bedroom homes
There are 6 five (5) bedroom homes
There are 7 six (6) bedroom homes
There are 1 seven (7) bedroom homes

Price Range of Current 35 Homes For Sale in Ambleside

$ 1.3 - 1.4 million –  3 homes
$ 1.4 - 1.5 million –  0 homes
$ 1.5 - 1.75 million –  2 homes
$ 1.75 - 2.0 million –  5 homes
$ 2.0 - 2.5 million – 5 homes
$ 2.5 - 3.0 million – 10 homes
$ 3.0 - 4.0 million – 6 homes
$ 4.0 - 5.0 million – 1 homes
$ 5.0 - 6.0 million – 1 homes
$ 6.0 - 7.0 million – 0 homes
$ 7.0 - 10.0 million – 0 homes
 $10 million plus – 0 homes

There are currently 27 single family homes for sale in the Dundarave area of West Vancouver ranging in price from $ 1,575,000 for a 2 bedroom home at 2487 Kings Avenue to $ 14,800,000 for a 4 bedroom home at 2626 Bellevue Avenue.

The average days on market is 62 days and the median days on market is 23 days. The average price is $3,957,926 and the median price is $2,980,000.

There have been 0 price increases and 3 price reductions on the 27 homes for sale.  The highest price reduction was 7% from $2,120,000 to $1,988,000.

Number of Bedrooms in Current 27 Homes For Sale in Dundarave

There are 2  two (2) bedroom homes
There are 3 three (3) bedroom homes
There are 15 four (4) bedroom homes
There are 7 five (5) bedroom homes
There are 0 six (6) bedroom homes
There are 0 seven (7) bedroom homes

Price Range of Current 27 Homes For Sale in Dundarave

$ 1.3 - 1.4 million –  0 homes
$ 1.4 - 1.5 million –  0 homes
$ 1.5 - 1.75 million –  2 homes
$ 1.75 - 2.0 million –  2 homes
$ 2.0 - 2.5 million – 4 homes
$ 2.5 - 3.0 million – 7 homes
$ 3.0 - 4.0 million – 7 homes
$ 4.0 - 5.0 million – 2 homes
$ 5.0 - 6.0 million – 0 homes
$ 6.0 - 7.0 million – 0 homes
$ 7.0 - 10.0 million – 1 homes
 $10 million plus – 2 homes

There are currently 17 single family homes for sale in the Queens area of West Vancouver ranging in price from $1,788,000 for a 4 bedroom home at 2021 27th Street to $4,288,000 for a 5 bedroom home at 2362 Orchard Lane.

The average days on market is 72 days and the median days on market is 50 days. The average price is $3,151,500 and the median price is $3,184,000.

There have been 0 price increases and 3 price reductions on the 17 homes for sale.  The highest price reduction was 3% from $2,268,000 to $2,198,000.

Number of Bedrooms in Current Queens Area 17 Homes For Sale

There are 0 two (2) bedroom homes
There are 3 three (3) bedroom homes
There are 3 four (4) bedroom homes
There are 7 five (5) bedroom homes
There are 1 six (6) bedroom homes
There are 2 seven (7) bedroom homes

Price Range of Current 17 Queens Area Homes For Sale

$ 1.3 - 1.4 million –  0 homes
$ 1.4 - 1.5 million –  0 homes
$ 1.5 - 1.75 million –  0 homes
$ 1.75 - 2.0 million –  1 homes
$ 2.0 - 2.5 million – 3 homes
$ 2.5 - 3.0 million – 4 homes
$ 3.0 - 4.0 million – 6 homes
$ 4.0 - 5.0 million – 2 homes
$ 5.0 - 6.0 million – 0 homes
$ 6.0 - 7.0 million – 0 homes
$ 7.0 - 10.0 million – 0 homes
 $10 million plus – 0 homes