Waiting for Vancouver Real Estate Prices to Come Down?
It may pay to take a great deal now to avoid the rush tomorrow! Sellers will become much less negotiable at the first sign of market improvement…that’s likely when all the buyers will come out…to late!
There are currently 423 Homes for sale in all of North Vancouver. Of these properties 78 are below the $700,000 price point, 20 of which are under $600,000! All positive signs for buyers who have been patiently waiting in the sidelines for real estate to cool down. With the Olympics just 1 year away and the stock markets showing signs of a rebound, buyers must be aware of how quickly a market can turn around.
The Wall Centre located at 1050 Burrard St, Vancouver BC is a premier hotel & residence right in the heart of downtown Vancouver. Built in 1993 offering 220 suites the Wall Centre rises 30 stories. The Wall Centre was one of the first buildings in Vancouver to marry a presitegious hotel with private residence.
Here owners are able to enjoy all the amenities and luxuries of hotel living in their very own home. A model that has become popular in current luxury developments throughout Vancouver.
The Alvar, located at 1005 Beach Ave is one of the premier buildings the West End has to offer. Comprised of 106 suites rising 29 floors, the Alvar is just steps away from the sea wall and Grandville Island. This concrete building built in 2004 offers, air conditioning, fitness studio, whirlpool, full time resident manager & theatre room.
Ludus Tours an Olympic Tour company has set up base in Vancouver British Columbia in preparation for the 2010 Olympics. A premier tour company offering competitive accommodation rates along with comprehensive Olympic packages.
Well it’s no secret that the Vancouver Real Estate Market’s jets have certainly cooled. Housing price reductions across Greater Vancouver over the last six months have eliminated price gains witnessed in the first quarter of 2008. Sales of apartment properties in October 2008 declined 52.7 per cent to 647, compared to 1,368 sales in October 2007.
“Home sales are not keeping pace with the positive economic conditions in BC,” said REBGV president, Dave Watt. “That’s a direct result of a loss of consumer confidence in the overall market. Accordingly, today’s housing market is characterized by moderating home prices and wide selection. It’s definitely a buyer’s market.”
Vancouver Home Inspector James Dobney is one of the premier home inspection firms that we often refer our home buyers to use for their home inspection. On e of the most important steps in purchasing a home is the property inspection and as a Vancouver Realtor we always advise hiring an inspector for every home purchase even in brand new developments.
If you have questions about home inspection or the Vancouver Real Estate Market.
Open Houses are a great way to familiarize yourself with local Real Estate, meet local realtors and find out what’s happening in the market. We shot this video for you after last weekend’s busy Open House in Upper Lonsdale, North Vancouver with a few included tips for home buyers. Enjoy..!