Vancouver Real Estate Blog

Vancouver Townhome for Sale in Mount Pleasant Area

Fantastic 2-bedroom condominium for sale in key Mount Pleasant area of Vancouver. This modern, stylish and well-cared for home is in a nice, heritage-style building at 388 West 10th Avenue in Vancouver. Located about one block from the new Canada Line. It features:

• 2 bedrooms & 2 bathrooms
• 9 foot ceilings 
• hardwood floors 
• gas fireplace 
• modern chef's kitchen 
• 2 garden patios 
• large walk-in closet 

This home is well priced at only $593,000.   You can view the complete details of this fantastic home by browsing the photo gallery here and the video of this home here. 

Vancouver Condominium in Fairview Slopes For Sale

This bright and open 1-bedroom condominium in the much sought-after Fairview area has just been listed for sale. It's key location, at 910 West 8th Avenue, is ideal for busy professionals and is steps away from beautiful Charleson Park with easy walking access to Granville Island and the new Olympic Village area.  The key features of this home are:

• recent rainscreen of building
• gas fireplace 
• open living areas 
• common roof top deck with gorgeous city-wide views.  

This home is a rare find, listed at $324,900. It's features can be viewed here. 

The image of False Creek was taken by Thom Quine. 

More Positive Vancouver Real Estate Market News

There is more positive news on the Vancouver real estate market - this time from the Greater Vancouver Real Estate Board. According to recent sales statistics, an increase in buyer activity over the last four months has lessened the downward pressure on housing prices. 

The REBGV reports that the number of residential property sales in Vancouver totalled 3,524 in May 2009, an increase of 17.4% from May 2008. It also represents an increase of 18.9% compared to last month. 

Since the beginning of the year, the MLSLink® Housing Price Index benchmark price for all residential properties in Vancouver increased 4.5% to $506,201 from $484,211. 

New listings for detached, attached and apartment properties declined in Vancouver, down 36% to 4,733 in May 2009 compared to May 2008, when 7,390 new units were listed. Sales were as follows:

• detached properties increased 16.5%t to 1,402 from the 1,203 detached sales recorded during the same period in 2008; 

• condominiums in May 2009 increased 17.2% to 1,458, compared to 1,244 sales in May 2008; and  

• attached properties in May 2009 were up 19.6%t to 664, compared with the 555 sales in May 2008. 

Bright spots were Vancouver West up 59.5% (193 units sold from 121) for detached homes; up 54.5% for attached homes; and up 25.4% for condominiums.

British Columbia Housing Market in Recovery

The British Columbia Real Estate Association (BCREA) reported today that housing market conditions have improved more rapidly than expected. 

As a result, BCREA has revised its home price forecast upwards, reflecting greater price stability through the balance of the year. The average price in British Columbia for a residential home is forecast to decline 8% to $420,600 in 2009, instead of 13% originally forecasted at the beginning of the year. 

Residential sales are forecast to decline 12% this year as a result of a weak first quarter. However, stronger consumer demand is expected to continue for the balance of the year and through 2010. Residential sales in 2010 are forecast to climb 10%.