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!
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