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GASTOWN LOFT MARKET UPDATE FOR JULY 2014

HOW WAS THE MARKET IN AUGUST '14

Overall Vancouver's market is continuing on at a good pace.  July was a busier month than August as historically expected.  When looking at Great Vancouver as a whole, prices have increased 7% from January 2013 to August 2014.  That figure could be different for certain neighbourhoods and property types but it's a positive sign that the market is strong.

 

3 lofts traded hands in August with prices ranging from $323,000 for a studio at the Malkin at 141 Water St. to $648,000 for a great loft in Captain French at 41 Alexander St.

 

There are 22 listings to choose from as I'm writing this update.  Last month I mentioned it would be nice to see some more properties come on the market and that still holds true.  5 lofts came on the market in August and 3 were sold.  That is great for sellers, over 50% selling!

 

9 properties have been on the market since before August.

 

13 properties currently on the market are under the $500,000 mark and 2 are over $1mil.  

 

If you're interested in purchasing the Gastown Lifestyle please keep me in mind!  Or if you're curious about the value of your loft go to mygastownlofts.com

 

Have a great week!

 


 

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