Latest Blog Posts

GASTOWN LOFT MARKET UPDATE FOR JULY 2014

HOW WAS THE MARKET IN JULY '14

Vancouver's Real Estate market is moving along just fine!  4 months in a row there have been 3000+ sales/ month.  The last time the number of sales in a month reached 3000 was in 2011.


In the last 12 months the average benchmark price for a property (all types of residential) in Greater Vancouver have increased 4%.

 

Gastown is doing really well right now.  If anything it would be nice to see some more lofts hit the market as buyers have little to choose from.  What does this mean?  If you're considering selling you'll be a happy camper!  We had a sales to listing ratio of 37% last month.  Anything above 20% is deemed to be a sellers market.  

 

Some notable sales last month are a beautiful 2 level loft at the Van Horne that I had the pleasure of listing and selling. A studio in the same building, just over 400sf sold for $286,000 and a gorgeous 2 level loft at the Alexis and Alexander sold for $586,000.

 

Are you thinking about selling your loft OR curious about the value in today's market?  Go to http://www.gastownhomevalues.com


Or contact me directly at 604.782.7545 | gfeldstein@sothebysrealty.ca | I'd love the opportunity to chat.


Have a great SUMMER!

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.