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!
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.
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