Anna Asi, M.A. : Latest Blog Posts

Open House. Open House on Saturday, May 12, 2012 2:00 pm - 4:00 pm

Sat, 12 May 2012 04:02:04 GMT

Please visit our Open House at 1302 1003 BURNABY ST in Vancouver.

Open House on Saturday, May 12, 2012 2:00 pm - 4:00 pm

Stunning one-bedroom and den Corner unit at the Milano, designed by Paul Merrick & built by Cressy Developments. Fantastic layout with floor-to-ceiling windows giving you amazing city views in every direction. High-end finishing withquartz countertops in the kitchen, glass bar counter, crown moulding and gas fireplace. Live in the heart of the Downtown, steps to the seawall and all restaurants and amenities. Only a short walk to the business district of Yaletowm & English Bay. Building offers air-conditioned exercise room & media room. One parking and one storage locker included. OPEN HOUSE SAT, SUN May 12,13 2-4 PM

Open House. Open House on Saturday, May 12, 2012 2:00 pm - 4:00 pm

Sat, 12 May 2012 04:02:04 GMT

Please visit our Open House at 613 2655 CRANBERRY DR in Vancouver.

See details here

Open House on Saturday, May 12, 2012 2:00 pm - 4:00 pm

Subpenthouse at The New Yorker! Rare 3 bdrm +Den & 2 bath corner suite in the popular "Arbutus Walk" neighbourhood. The unit was updated with brand new appliances and new flooring. Features a wonderful bright South East outlook overgreenway, Great floor plan with high ceilings, big windows, open gourmet kitchen w/granite counters & breakfast bar, gas fireplace and a generous balcony for outdoor enjoyment. Shops, schools and parks just minutes from your door, enhance the Kitsilano lifestyle. Priced to sell! OPEN HOUSE SAT, SUN May 12,13 2-4PM.

Open House. Open House on Saturday, May 12, 2012 2:00 pm - 4:00 pm

Sat, 12 May 2012 04:02:04 GMT

Please visit our Open House at 2010 SANDOWN PL in North Vancouver.

See details here

Open House on Saturday, May 12, 2012 2:00 pm - 4:00 pm

Mortgage Helper! Completely updated. 2 separate entrances from different sides of the house, 2 kitchens and 2 separate laundries. This beautiful, corner property features a very open floor plan, 3 bdrms upstairs & 3 bdrms on the main floor,skylights on the second floor, brick finished wood fireplace on both floors. Located Stone's throw away from Downtown, steps from Fitness World, Park Royal Shopping Mall & public transportation. Must see. Rent one floor and live on the other floor with no monthly mortgage payment! First Open House Saturday & Sunday, May 11th & 12th 2-4 pm.

Vancouver Real Estate Market Update - April 2012

Thu, 10 May 2012 00:37:35 GMT

Vancouver Real Estate Market Update - April 2012

Local homes sales are in a balanced state despite the lowest April sales numbers since 2001, according to a report by the Real Estate Board of Greater Vancouver.

“Recent activity has had a stabilizing effect on home prices at the regional level, although pricing can vary depending on area and property type.”

According to the monthly report, homes sales and listings have maintained a consistent pace in recent months, contributing to the balanced conditions.

However, the report noted that Metro Vancouver sales totalled 2,799 in April 2012, a 13.2-per-cent decline compared to the 3,225 sales in April 2011 and a decline of 2.6 per cent compared to the 2,874 sales in March 2012.

April sales were the lowest total for the month in the region since 2001 and 16.9 per cent below the 10-year April sales average of 3,369, the board said in a release.

Full Report:

Cat: Vancouver Real Estate

Technorati Tags: Vancouver Real Estate Housing April 2012 Apartment

Greater Vancouver housing market maintains a steady spring pace

Wed, 09 May 2012 22:58:27 GMT

Greater Vancouver housing market maintains a steady spring pace

VANCOUVER, B.C. – May 2, 2012 – Home sale and listing activity has maintained a consistent pace on the Multiple Listing Service® (MLS®) in Greater Vancouver in recent months, which has helped create balanced conditions for the region’s housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,799 on the Multiple Listing Service® (MLS®) in April 2012. This represents a 13.2 per cent decline compared to the 3,225 sales recorded in April 2011 and a decline of 2.6 per cent compared to the 2,874 sales in March 2012. April sales were the lowest total for the month in the region since 2001 and 16.9 per cent below the 10-year April sales average of 3,369.

“Although April sales were below what’s typical for the month, we continue to see, with a sales-to-active listing ratio of nearly 17 per cent, a balanced relationship between buyer demand and seller supply in our marketplace,” Eugen Klein, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 6,056 in April 2012. This represents a 3.6 per cent increase compared to both March 2012 when 5,843 homes were listed and April 2011 when 5,847 homes were listed for sale on the region’s MLS®.

Last month’s new listing total was 6.7 per cent above the 10-year average for listings in Greater Vancouver for April. At 16,538, the total number of homes listed for sale on the region’s MLS® increased 8.5 per cent in April compared to last month and increased 16 per cent from this time last year.

“Recent activity has had a stabilizing effect on home prices at the regional level, although pricing can vary depending on area and property type,” Klein said “To best understand conditions within your area of interest, it’s important to do your homework and consult a local REALTOR®.”

The MLS® HPI benchmark price for all residential properties in Greater Vancouver currently sits at $683,800, up 3.7 per cent compared to April 2011 and an increase of 2.8 per cent over the last three months. The benchmark price for all residential properties in the Lower Mainland is $612,000, which is a 3.4 per cent increase compared to April 2011 and a 2.6 per cent increase compared to three months ago.

Sales of detached properties on the MLS® in April 2012 reached 1,126, a decline of 19.7 per cent from the 1,402 detached sales recorded in April 2011, and a 17.8 per cent decrease from the 1,370 units sold in April 2010. The benchmark price for detached properties increased 6.3 per cent from April 2011 to $1,064,800.

Sales of apartment properties reached 1,190 in April 2012, a decline of 0.9 per cent compared to the 1,201 sales in April 2011, and a decrease of 22 per cent compared to the 1,526 sales in April 2010.The benchmark price of an apartment property increased 1.1 per cent from April 2011 to $375,900.Townhome property sales in April 2012 totalled 483, a decline of 22.3 per cent compared to the 622 sales in April 2011, and a 21.6 per cent decrease from the 616 townhome properties sold in April 2010. The benchmark price of a townhome unit increased 1.7 per cent between April 2011 and 2012 to $487,300.

Full Report:

Cat: Vancouver Real Estate

Technorati Tags: Vancouver Real Estate Housing REBGV Real Estate Board of Greater Vancouver Housing Price Index

B.C. housing starts rise 6.3 per cent in April: CMHC

Wed, 09 May 2012 22:52:08 GMT

B.C. housing starts rise 6.3 per cent in April: CMHC

OTTAWA — Housing construction starts blew past expectations in April, according to data released Tuesday.

Canada Mortgage and Housing Corp. said there was a seasonally adjusted annual rate of 244,900 housing starts last month. That was up 14 per cent from the previous month, and well ahead of what the 204,000 economists polled by Bloomberg had been predicting.

"While unseasonably warm weather has been helping starts in recent months, April's return to more normal seasonal temperatures still saw home building soar," CIBC World Markets economist Emanuella Enenajor said in a research note.

"That's even with data on building permits pointing to some moderation in home-building intentions. That suggests that low (interest) rates remain the principal catalyst for continued robust construction activity in Canada."

Urban starts were up 18 per cent to an annual rate of 226,200, while the estimate on rural starts were down 19 per cent to 18,700.

Construction on multiple-housing units in urban areas drove the overall gains. They were up 27.4 per cent to a rate of 158,500. Urban singles saw a gain of 0.6 per cent to 67,700.

Regionally, there was a surge of 56.5 per cent in urban housing starts in Quebec. They were up 12.2 per cent in Ontario, 6.3 per cent in the Prairies and British Columbia, and 2.6 per cent in Atlantic Canada.

Postmedia News

Cat: Vancouver Real Estate News

Technorati Tags: Vancouver Real Estate Housing Condo Market Housing Price Index

Vancouver home prices fall for fifth consecutive month

Wed, 09 May 2012 22:42:06 GMT

Vancouver home prices fall for fifth consecutive month

OTTAWA — Homes prices edged down 0.2 per cent in February from the month before but were still 6.1 per cent higher than a year ago, according to a well-watched housing index.

The month-over-month decline was the third such retreat in the past four months for the Teranet-National Bank National Composite House Price Index, released Wednesday, which measures price changes for repeat sales of single-family homes.

In January, prices rose 0.1 per cent.

Teranet's report showed prices falling from the previous month in six of the 11 metropolitan markets surveyed.

In Canada's two hottest real-estate markets, prices in Vancouver fell 0.3 per cent, the fifth consecutive decline, while prices in Toronto rose by just 0.1 per cent. On a yearly basis, however, Toronto prices were 10 per cent higher.

Nationally, prices were 6.1 per cent higher than a year ago. In January, prices were 6.5 per cent higher.

The data is likely to show up on the radar of Bank of Canada governor Mark Carney, who has repeatedly warned that Canadians are piling on too much debt as they buy homes whose prices keep rising.

At a House of Commons finance committee meeting Tuesday, Carney warned that house prices in relation to income levels are now running 35 per cent above historical norms.

Last week, the Canadian Real Estate Association reported that seasonally adjusted sales in March rose 1.6 per cent from year-earlier levels, although the national average home price declined 0.5 per cent to to $369,677.

"It is a fact that according to CREA (the Canadian Real Estate Association) data for March, five of the 11 markets covered were rather favourable to sellers (Toronto, Hamilton, Winnipeg, Halifax and Quebec City). Overall, the Canadian market is nevertheless balanced," said National Bank senior economist Marc Pinsonneault.

Metropolitan area % change m/m / % change y/y

Calgary / -0.6 % / +1.3 %

Edmonton / -1.0 % / +1.1 %

Halifax / +0.4 % / +2.3 %

Hamilton / -0.8 % / +7.5 %

Montreal / +0.2 % / +4.4 %

Ottawa / -0.4 % / +4.6 %

Quebec / +1.6 % / +5.6 %

Toronto / 0.1 % / +10.0 %

Vancouver / -0.3 % / +6.2 %

Victoria / -1.1 % / -1.7 %

Winnipeg / +0.2 % / +8.2 %

National Composite / -0.2 % / +6.1 %

Source: Teranet-National Bank National Composite House Price Index

Cat: Vancouver Real Estate

Open House. Open House on Saturday, May 5, 2012 12:00 pm - 2:00 pm

Fri, 04 May 2012 04:02:09 GMT

Please visit our Open House at 1302 1003 BURNABY ST in Vancouver.

See details here

Open House on Saturday, May 5, 2012 12:00 pm - 2:00 pm

Open House. Open House on Saturday, May 5, 2012 2:00 pm - 4:00 pm

Fri, 04 May 2012 04:02:09 GMT

Please visit our Open House at 613 2655 CRANBERRY DR in Vancouver.

See details here

Open House on Saturday, May 5, 2012 2:00 pm - 4:00 pm

Metro Vancouver housing market remains balanced despite sharp sales drop: report

Thu, 03 May 2012 22:37:03 GMT

Metro Vancouver housing market remains balanced despite sharp sales drop: report

Local homes sales are in a balanced state despite the lowest April sales numbers since 2001, according to a report by the Real Estate Board of Greater Vancouver.

“Recent activity has had a stabilizing effect on home prices at the regional level, although pricing can vary depending on area and property type.”

According to the monthly report, homes sales and listings have maintained a consistent pace in recent months, contributing to the balanced conditions.

April sales were the lowest total for the month in the region since 2001 and 16.9 per cent below the 10-year April sales average of 3,369, the board said in a release.

New listings for detached, attached and apartment properties totalled 6,056 in April, a 3.6-per-cent increase compared to both March 2012 when 5,843 homes were listed and April 2011 when 5,847 homes were listed for sale.

Last month’s new listing total was 6.7 per cent above the 10-year average for listings in Greater Vancouver for April, the release said.

At 16,538, the total number of homes listed for sale increased 8.5 per cent in April compared to last month and 16 per cent above this time last year.

The benchmark price for all residential properties stood at $683,800, up 3.7 per cent compared to April 2011 and an increase of 2.8 per cent over the last three months.

Sales of detached properties in April 2012 reached 1,126, a decline of 19.7 per cent from the 1,402 detached sales recorded in April 2011, although the benchmark price for detached properties increased 6.3 per cent from April 2011 to $1,064,800.

The highest benchmark price in April for a detached home was Vancouver West at $2.27 million, followed by West Vancouver at $1.98 million.

The benchmark price of an apartment increased 1.1 per cent from April 2011 to $375,900, while the price of a townhome increased 1.7 per cent between April 2011 and 2012 to $487,300.

Meanwhile, the Fraser Valley's housing market also showed a drop in sales year-over-year, although not as sharp as in Metro Vancouver.

According to the Fraser Valley Real Estate Board, there were 1,435 sales processed in April, down five per cent from April 2011, but up slightly from 1,412 sales in March.

In April, the board added seven per cent more new listings compared to one year ago, up to 3,134 from 2,918 last year. That pushed the number of properties for sale to 10,312, the highest level since July 2010.

“To put it in perspective, in the last decade, April 2012 ranked second lowest for sales during that month, while new listings came in at the third highest, meaning it’s a good time to be shopping for a home in the Fraser Valley because selection has only been this extensive twice,” said board president Scott Olson in a statement.

According to the report, the benchmark price for a detached home in the Fraser Valley rose 5.3 per cent in the year, from $547,800 in April 2011 to $576,600 last month.

In April, the price of a townhouse was $318,400, up 1.9 per cent year-over-year, while the price of an apartment increased 0.8 per cent over the same period to $205,800.

Technorati Tags: Vancouver Real Estate Vancouver Real Estate BC Housing Vancouver Housing Housing Market

Open House. Open House on Sunday, April 29, 2012 2:00 pm - 4:00 pm

Sun, 29 Apr 2012 04:02:13 GMT

Please visit our Open House at 1302 1003 BURNABY ST in Vancouver.

See details here

Open House on Sunday, April 29, 2012 2:00 pm - 4:00 pm

Open House. Open House on Saturday, April 28, 2012 2:00 pm - 4:00 pm

Sat, 28 Apr 2012 04:02:10 GMT

Please visit our Open House at 1302 1003 BURNABY ST in Vancouver.

See details here

Open House on Saturday, April 28, 2012 2:00 pm - 4:00 pm

Open House. Open House on Saturday, April 28, 2012 2:00 pm - 4:00 pm

Sat, 28 Apr 2012 04:02:10 GMT

Please visit our Open House at 2010 SANDOWN PL in North Vancouver.

See details here

Open House on Saturday, April 28, 2012 2:00 pm - 4:00 pm

New property listed in Pemberton NV, North Vancouver

Wed, 25 Apr 2012 04:02:09 GMT

I have listed a new property at 2010 SANDOWN PL in North Vancouver.

See details here

Mortgage Helper! Completely updated. 2 separate entrances from different sides of the house, 2 kitchens and 2 separate laundries. This beautiful, corner property features a very open floor plan, 3 bdrms upstairs & 3 bdrms on the main floor,skylights on the second floor, brick finished wood fireplace on both floors. Located Stone's throw away from Downtown, steps from Fitness World, Park Royal Shopping Mall & public transportation. Upper floor currently rented for $1,920 month to month. Must see. Rent one floor and live on the other floor with no monthly mortgage payment!

New property listed in Kitsilano, Vancouver West

Tue, 24 Apr 2012 04:02:45 GMT

I have listed a new property at 613 2655 CRANBERRY DR in Vancouver.

See details here

Open House. OPEN HOUSE: SAT, April 21, 2-4 P.M.

Sun, 22 Apr 2012 04:01:54 GMT

Please visit our Open House at 5612 NEWTON WYND in Vancouver.

See details here

OPEN HOUSE: SAT, April 21, 2-4 P.M.

SPECTACULAR, BREATHAKING VIEWS! Vancouver West Side most prestigious address on Newton Wynd. Looking North with superb water & mountain views. This 3/4 Acre lot boasts a solid high end home with more than 6,300 sq ft of living area. This property features spacious living & dining areas with wrapped around windows for water views and overlooking park-like garden, numerous custom built-ins, gourmet kitchen with Sub-zero & Thermador Luxury Appliances, dramatic vaulted ceilings, skylights, circular driveway and spectacular views to the water and North Shore. Endless sundeck & patio for outdoor activities. Surrounded by multi-million dollar residence in the prestigious UBC Area.

New property listed in University VW, Vancouver West

Sat, 21 Apr 2012 04:02:56 GMT

I have listed a new property at 5612 NEWTON WYND in Vancouver.

See details here

Open House. FIRST OPEN HOUSE: SUN APRIL 15, 2-4 PM

Sun, 15 Apr 2012 04:01:48 GMT

Please visit our Open House at 1302 1003 BURNABY ST in Vancouver.

See details here

FIRST OPEN HOUSE: SUN APRIL 15, 2-4 PM

Vancouver Real Estate Market Monthly Newsletter by Anna Asi - March 2012

Wed, 11 Apr 2012 18:15:23 GMT

Vancouver Real Estate Market Monthly Newsletter by Anna Asi - March 2012

Downtown Vancouver

Official Market Type Downtown: Sellers market with a 24% Sales Ratio translating to 1 in 4 homes selling
Downtown is hot! Sales up 39% and Buyers paid 1.5% off list price on average keeping prices virtually unchanged
Most Active Price Band +/- $1 mil: $300,000 to $400,000 with 2 in 5 homes selling; $1 to $1.25 mil with 1 in 5 homes selling
Buyers Best Bet under $1 mil: Coal Harbour homes between $800,000 - $1 mil with 1 in 10 homes listed selling
Hottest Neighbourhood: Yaletown with 3 in 10 homes selling

Vancouver West Side (House):

Official Market Type Westside Detached: Balanced market with average 19% sales ratio (2 in 5 selling)
Westside is feeling a spring chill. Sales & average sale price take a breather as Buyers also catch their breath slowing things
Most Active Price Band: $1.25 to $1.5 mil (almost 50/50 selling); $2 to $2.25 mil (3.5 in 10 selling)
Buyers Best Bet: Homes in Oakridge, SW Marine and Shaughnessy valued $3.5 mil and greater
Sellers Best Bet: Homes to sell in Dunbar, Kitsilano, Southlands and University

Vancouver West Side (Apartment):

Official Market Type Westside Attached: Balanced market continues with 2 in 10 homes selling
Buyers are making Sellers dreams come true paying on average 11% more than February and above list price (100.3%)
Most Active Price Band +/- $1 mil: $300,000 to $500,000 (3 in 10 sell); $2 to $2.25 mil and $2.75 to $3 mil (1 in 3 sell)
Buyers Best Bet: Real estate between $500,000 to $600,000 and $1.75 to $2 mil in Cambie, Shaughnessy & University
Sellers Best Bet: Real estate to sell in Kitsilano, Marpole and Point Grey

FULL REPORT:

Cat: Vancouver Real Estate

Technorati Tags: Real Estate Vancouver Housing Vancouver Housing Vancouver Real Estate

Vancouver Real Estate Market Update by REBGV - March 2012

Wed, 11 Apr 2012 17:19:27 GMT

Vancouver Real Estate Market Update by REBGV - March 2012

Increased selection helps maintain balance in Greater Vancouver housing market

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,874 on the Multiple Listing Service® (MLS®) in March 2012. This represents a 12.9 per cent increase compared to the 2,545 sales recorded in February 2012, a decline of 29.6 per cent compared to the 4,080 sales in March 2011 and an 8.4 per cent decline compared to the 3,137 home sales in March 2010.

March sales in Greater Vancouver were the second lowest total for the month in the region since 2002 and were 16.8 per cent below the 10-year sales average for the month.

“Home sellers have been more active than buyers the first few months of the year, but we continue to see a relative balance in the total supply of homes for sale and current demand in the marketplace,” Eugen Klein, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,843 in March 2012. This represents a 5.2 per cent increase compared to February when 5,552 homes were listed and a 14 per cent decline compared to March 2011 when 6,797 homes were listed for sale on the region’s MLS®.

Last month’s new listing total was 4.5 per cent above the 10-year average for listings in Greater Vancouver for March.

At 15,236, the total number of residential property listings on the MLS® increased 8.4 per cent in March compared to last month and increased 16 per cent from this time last year.

“The total number of properties for sale in Greater Vancouver has increased each month since December, which means there’s more selection to choose from as we enter what’s traditionally the busiest season of the year in our market,” Klein said.

The MLS® HPI benchmark price for all residential properties in Greater Vancouver currently sits at $679,000, up 5.3 per cent compared to March 2011 and an increase of 1.1 per cent compared to February 2012. The benchmark price for all residential properties in the Lower Mainland is $607,700, an increase of 4.8 per cent compared to March 2011.

Sales of detached properties on the MLS® in March 2012 reached 1,183, a decline of 34.1 per cent from the 1,795 detached sales recorded in March 2011, and an 11.5 per cent decrease from the 1,336 units sold in March 2010. The benchmark price for detached properties increased 9.2 per cent from March 2011 to $1,056,400.

Sales of apartment properties reached 1,191 in March 2012, a decline of 26.6 per cent compared to the 1,622 sales in March 2011, and a decrease of 4.9 per cent compared to the 1,252 sales in March 2010.The benchmark price of an apartment property increased 2.2 per cent from March 2011 to $375,100.

Townhome property sales in March 2012 totalled 500, a decline of 24.6 per cent compared to the 663 sales in March 2011, and an 8.9 per cent decrease from the 549 townhome properties sold in March 2010. The benchmark price of a townhome unit increased 0.9 per cent between March 2011 and 2012 to $480,900.

Full Report:

Cat: Vancouver Real Estate

Technorati Tags: REBGV Vancouver Real Estate Housing Vancouver Housing Housing Market Real Estate